- Immense investment requirements for climate neutrality that cannot be met by the public sector alone.
- Data limitations in assessing the impact of wind power on birds and bats in developing countries.
- Need to further develop the management of ESG risks.
- Need to improve impact reporting and the greenhouse gas accounting system.
KfW Group
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, KfW Group disclosed greenhouse gas emissions of 17.3K tCO2e/year. By scope: Scope 1: 3.0K tCO2e/year; Scope 2: 1.2K tCO2e/year; Scope 3: 12.9K tCO2e/year (business travel) + 131 tCO2e/year (events). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
17.3K tCO2e/year
2023
Renewable Energy
100% (electricity)
of total energy
Water Usage
85.5K m3/year
2023
Waste
2.3K tons/year
2023
Energy Use
35.7K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 3.0K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.2K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 12.9K tCO2e/year (business travel) + 131 tCO2e/year (events) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 17.3K tCO2e/year |
| 2022 | 10.8K tCO2e/year |
| 2021 | 9.2K tCO2e/year |
| 2020 | 8.2K tCO2e/year |
| 2019 | 14.6K tCO2e/year |
| 2017 | 15.3K tCO2e/year (Unavoidable emissions offset since 2006) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- New commitments for climate action and environmental protection totaling EUR 38.9 billion (45% of total promotional business volume)
- Implemented sector guidelines adapted to the 1.5°C target for new financings.
- Exceeded interim target of converting to approximately 65% fully electric vehicles by the end of 2023.
- Reduced food waste by 28% in the Frankfurt office canteen.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption
- Implement measures for the climate-neutral Site Plan 2030 (Berlin and Bonn)
- Further space reduction to save resources (Frankfurt)
📅 Medium-term
- Convert KfW’s vehicle fleet to exclusively battery-powered vehicles by 2025
- Achieve 40% organic catering products by 2025
- Reduce CO2 emissions by substituting fossil with renewable energy sources by 2030
🔭 Long-term
- Climate neutrality at KfW sites by 2030
🌱 ESG Focus Areas
Climate ChangeBiodiversitySocial CommitmentHuman RightsGovernance