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KfWGermany

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This profile is no longer actively maintained, with the information now possibly out of date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This profile is no longer actively maintained, with the information now possibly out of date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