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2023-11-20 00:00:00
West Cumbria Coal Mine: dodgy mine, dodgier financier
2023-11-08 00:00:00
Westpac takes two steps forward, one big step back
2023-09-18 00:00:00
New report and blog: Barclays' bond with Adani
2023-08-23 00:00:00
Decarbonization: steel not making the cut
2023-11-20 11:26:40
Danske Bank excludes financing for oil and gas upstream expansion
2023-09-19 16:11:58
Société Générale announces leading climate policy on gas
2023-09-15 17:34:10
The number of major banks refusing to support EACOP reaches 24
2023-07-31 14:30:01
Equator Principles recognise projects’ risk to climate for the first time
Connect
2023-10-10 00:00:00
Still bankrolling coal (for steel)
2023-09-18 00:00:00
Barclays' bond with Adani
2023-06-26 00:00:00
How should financiers align with the Global Biodiversity Framework? Five Key Principles
2023-04-13 00:00:00
Banking on Climate Chaos 2023
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Home › Banks ›
Bank
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This profile is no longer actively maintained, with the information now possibly out of date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This profile is no longer actively maintained, with the information now possibly out of date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. 

 

2015-03-17 00:00:00

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

Bank policy
2015-03-17 00:00:00 | Kfw Group
2014-04-01 00:00:00

Sustainability Guideline

Evaluation of Environmental, Social, and Climate Aspects: Principles and Process
Bank policy
2014-04-01 00:00:00 | KfW Development Bank
2012-10-02 00:00:00

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
2019-09-30 00:00:00

Deutsche Banken spielen mit dem Feuer

NGO document
2019-09-30 00:00:00 | Facing Finance
2015-04-15 00:00:00

Annual Report 2013

Annual report
2015-04-15 00:00:00 | KfW Bankengruppe
2015-03-17 00:00:00

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

Bank policy
2015-03-17 00:00:00 | Kfw Group
2015-03-01 00:00:00

DIE SCHATTENSEITE DER KFW

FINANZIERUNGEN ZU LASTEN VON MENSCH UND UMWELT
NGO document
2015-03-01 00:00:00 | urgewald
2014-11-01 00:00:00

Sustainability Report

Facts and figures update 2014
Annual report
2014-11-01 00:00:00 | KfW Bankengruppe
2014-04-01 00:00:00

Sustainability Guideline

Evaluation of Environmental, Social, and Climate Aspects: Principles and Process
Bank policy
2014-04-01 00:00:00 | KfW Development Bank
2013-01-01 00:00:00

KfW 2012 Sustainability Report

Annual report
2013-01-01 00:00:00
2013-01-01 00:00:00

KfW 2012 Annual Report

Annual report
2013-01-01 00:00:00
2012-10-02 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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