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On record

This profile is no longer actively maintained, with the information now possibly out of date

Last update: 2016-10-31 17:15:11

On record

This profile is no longer actively maintained, with the information now possibly out of date

Last update: 2016-10-31 17:15:11

About

Website	https://www.kfw.de/kfw.de-2.html
Headquarters	Palmengartenstraße 5-9 60325 Frankfurt am Main Germany
CEO/chair	Dr Ulrich Schröder CEO
Supervisor
Ownership	It is owned by the Federal Republic of Germany (80%) and the States of Germany (20%).

The KfW is a German government-owned development bank, based in Frankfurt. Its name originally comes from Kreditanstalt für Wiederaufbau, meaning Reconstruction Credit Institute. It was formed in 1948 after World War II as part of the Marshall Plan. KfW Bankengruppe has three main tasks: the ensuring of financing for domestic production, for export and project finance so that German and European countries can compete on global markets and development finance. It performs these tasks together with it subsidiaries of which the most important are Kfw IPEX-Bank GmbH (conducts all market activities of KfW Group that are carried out on commercial terms), DEG (promotes private-sector initiatives in developing and transition countries).

Sustainability

Policies

Voluntary standards

KfW has Sustainability guidelines and a conflict of interest policy. KfW issues a sustainability report every three years.

KfW Group guidelines on the financing of coal-fired power plants

Bank policy

2015-03-17 00:00:00 | Kfw Group

Sustainability Guideline

Evaluation of Environmental, Social, and Climate Aspects: Principles and Process

Bank policy

2014-04-01 00:00:00 | KfW Development Bank

Sustainability guidelines of KfW Bankengruppe

Bank policy

2012-10-02 00:00:00 | KwF Bankengruppe

KfW has committed itself to the following voluntary standards:

Extractive Industries Transparency InitiativeTags: oil and gas | mining and processing | transparency

Global Reporting InitiativeTags: sustainable development | human rights

Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations

Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance

UN Guiding Principles on Business and Human RightsTags: United Nations | human rights

UNEP Finance InitiativeTags: United Nations | sustainable development

Wolfsberg PrinciplesTags: finance | corruption

Dodgy Deals

KfW is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of KfW's link to these deals.

Projects / Companies

Finance type

Year

News

BankTrack

Partners

Blog

External

Blog

BankTrack news BankTrack blog Partner news Partner blog

European financial institutions heavily invested in companies involved in illegal Israeli settlements

725 European Financial Institutions found to provide billions of dollars in finance to companies operating in Israel's illegal settlement enterprise

2022-12-05 | Brussels | Don't Buy Into Occupation

Blog

BankTrack news BankTrack blog Partner news Partner blog

New Report: Financing a Fossil Future – Tracing the Money Pipeline of Fossil Gas in Southeast Asia

Southeast Asia is spiraling into a fossil future thanks to a massive fleet of gas projects

2022-06-03 | Center for Energy, Ecology, and Development (CEED)

Blog

BankTrack news BankTrack blog Partner news Partner blog

Occupied, annexed and cashed up

How international companies and German financial institutions benefit from and support activities contrary to international law in occupied and annexed territories

2019-08-13 | Berlin | Facing Finance

Resources

Documents

Links

Suzano's Pulp Fiction

Comparing words and deeds of the world’s largest eucalyptus pulp producer

NGO document

2024-07-16 00:00:00 | EPN

Deutsche Banken spielen mit dem Feuer

NGO document

2019-09-30 00:00:00 | Facing Finance

Annual Report 2013

Annual report

2015-04-15 00:00:00 | KfW Bankengruppe

KfW Group guidelines on the financing of coal-fired power plants

Bank policy

2015-03-17 00:00:00 | Kfw Group

DIE SCHATTENSEITE DER KFW

FINANZIERUNGEN ZU LASTEN VON MENSCH UND UMWELT

NGO document

2015-03-01 00:00:00 | urgewald

Sustainability Report

Facts and figures update 2014

Annual report

2014-11-01 00:00:00 | KfW Bankengruppe

Sustainability Guideline

Evaluation of Environmental, Social, and Climate Aspects: Principles and Process

Bank policy

2014-04-01 00:00:00 | KfW Development Bank

KfW 2012 Sustainability Report

Annual report

2013-01-01 00:00:00

KfW 2012 Annual Report

Annual report

2013-01-01 00:00:00

Sustainability guidelines of KfW Bankengruppe

Bank policy

2012-10-02 00:00:00 | KwF Bankengruppe

KfW Sustainability page

Accountability

This page evaluates KfW's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed

Responded?

Total score

Response

Action

Monitoring

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