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KfW presents SDG mapping of its new commitments for 2019

Mar 10, 2020
KfW presents SDG mapping of its new commitments for 2019

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KfW publishes the results of its group-wide SDG mapping of new commitments for 2019.

To make clear which contribution the newly committed KfW financings made to the individual UN Sustainable Development Goals, KfW has developed a standardised mapping method: using 1,500 indicators KfW determines on an annual basis to which SDGs its new commitments can be assigned. This makes the contribution transparent, both at the group and business sector level.

The assignment of the individual new commitments in 2019 to the Sustainable Development Goals shows the following priority areas of financing:

  • SDG 11: Sustainable Cities and Communities (approx. EUR 29.0 billion)
  • SDG 13: Climate Action (approx. EUR 28.2 billion)
  • SDG 8: Decent Work and Economic Growth (approx. EUR 28.1 billion)
  • SDG 7: Affordable and Clean Energy (approx. EUR 26.4 billion)

“With commitments of more than EUR 28 billion for climate action measures, we are one of the world’s leading supporters of the Paris climate targets,” explains Dr. Günther Bräunig, CEO and Chief Sustainability Officer of KfW. “The fact that we are simultaneously making substantial contributions to all 16 other SDGs shows how we combine the environmental with the economic and social dimensions of sustainability as part of our broad statutory mandate.”

The financial sector can and must make significant contributions to the efforts for more climate action and sustainability. As a transformative promotional bank, KfW is assuming special responsibility in this context and has already launched the project “KfW Roadmap Sustainable Finance” in summer 2018, which aims to develop a stringent and multidimensional sustainability concept for the bank. One of the first results is the group-wide SDG mapping, which makes KfW’s contribution to the Sustainable Development Goals (SDGs) transparent. With this volume-based and largely automated mapping approach, KfW is a global pioneer when it comes to recording and publishing SDG financing targets.

Since the SDG mapping of KfW’s new commitments for 2018 was published for the first time in September 2019, international interest in KfW’s SDG mapping has been high.

Original source: KfW
Published on 09 March 2020