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Add to Preferred SourcesGlobal challenges such as increasing global warming, social crises and international conflicts shape social and political discourse. They highlight the urgent need to drive the transition to a sustainable society. Against this background, the United Nations General Assembly adopted Agenda 2030 with the Sustainable Development Goals (SDGs) at the UN Summit on Sustainable Development in September 2015.
As one of the world’s leading promotional banks, KfW supports these 17 goals for environmentally, economically and socially sustainable development. These efforts reinforce the bank’s claim to be a pioneer in shaping the transformation to a better, more climate-friendly, more sustainable world.
Based on its mandate as a promotional bank of the German Federal Government and the German federal states, KfW has been pursuing the sustainable improvement of living and economic conditions as its primary aim for more than seventy years.
KfW manages its business on the basis of key megatrends: climate and environmental protection (SDG 6, 7, 12, 13, 14, 15 and others), digitalisation and innovation (SDG 9 and others), social change (SDG 4, 10 and others) and globalisation (SDG 7, 8, 9 and others).
As a “responsible bank”, KfW Group contributes to meeting all of the SDGs by promoting and financing countries, municipalities, companies and private individuals in Germany, Europe and around the world. Since no standardised procedure for reporting on financing contributions to the SDGs has existed to date, KfW has developed its own group-wide SDG mapping. KfW is thus transparent about which positive SDG contributions can be expected from its new commitments every year.
SDG mapping was developed as part of KfW’s internal project “KfW Roadmap Sustainable Finance”. The project aims to make KfW even more sustainable in terms of financing. Taking into account the findings of SDG mapping, “KfW’s Roadmap Sustainable Finance” will develop appropriate management options by mid-2020.
KfW Group contributes to all 17 SDGs. The biggest contributions are made to:
SDG 7 – Affordable and Clean Energy
SDG 8: – Decent Work and Economic Growth
SDG 11 – Sustainable Cities and Communities
SDG 13 – Climate Action
Read and download the SDG mapping of KfW Group Background information and methodological notes.
Original source: KfW
Published on 20 September 2019