KfW presents SDG mapping of its 2019 new commitments

Over EUR 28 billion for "climate protection measures": KfW is one of the most important supporters of the Paris climate goals
Promotional bank is a global pioneer with its standardised SDG mapping
Strong international interest in KfW SDG mapping

KfW is today publishing the results of the SDG mapping of new commitments throughout the Group in 2019. In order to clarify the individual contribution made by KfW's new commitments to achieving the UN Sustainable Development Goals, KfW has developed a standardised procedure: 1,500 indicators are used each year to determine to which SDGs KfW's new commitments can be assigned. This makes the contribution transparent at both group and business sector level.

The mapping of individual new commitments from 2019 to the Sustainable Development Goals shows the following funding priorities:

SDG 11: Sustainable Cities and Communities (approx. EUR 29.0 billion)
SDG 13: Climate action (around 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 more than EUR 28 billion for 'climate action', we are one of the most important supporters of the Paris climate goals worldwide," explains Dr Günther Bräunig, Chairman of the Executive Board and Chief Sustainability Officer of KfW Bankengruppe. "The fact that we are also making substantial contributions to all other 16 SDGs at the same time shows how we combine the environmental with the economic and social dimensions of sustainability as part of our broad legal mandate."

The financial sector can and must make significant contributions to the efforts to achieve greater climate protection and sustainability. As a transformative promotional bank, KfW is assuming particular responsibility in this regard and already launched the "KfW Roadmap Sustainable Finance" project in summer 2018, the aim of which is 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 contributions to the Sustainable Development Goals (SDGs) transparent. With this volume-based and largely automated mapping approach, KfW is one of the pioneers worldwide in terms of recording and publishing SDG financing targets.

Since the initial publication of the SDG mapping of KfW's 2018 new commitments in September 2019, international interest in KfW's SDG mapping has been high. Many partners are currently planning similar publications and would therefore like to learn more about KfW's own mapping methodology. An exchange to this effect has now taken place with several European promotional banks and multilateral organisations, among others.

Detailed information on KfW SDG mapping:
www.kfw.de/sdgs

Source: KfW-PM dated 9.3.2020

Keywords: DE-News, Renewable, Funding, Climate protection, Sustainable management, New books and studies, Quarters, SDG 2030, Settlements, City, Economics

Future security and climate protection are the most important reasons / High acceptance for plants in the neighbourhood

Berlin, 08 August 2017 - The expansion of renewable energies is an important concern for an overwhelming majority of Germans. This is shown by a recent representative survey conducted by Kantar Emnid on behalf of the German Renewable Energy Agency (AEE). 95 percent of those surveyed rated the expansion of renewables as important to extremely important..

"The result of the survey proves how broad the social consensus is that supports the energy transition in Germany," says Nils Boenigk, Deputy Managing Director of AEE. "95 percent is a clear vote for the upcoming federal government to resolutely push ahead with the expansion of renewable energies," says Boenigk with a view to the federal elections in September.

The citizens are very willing to accept renewable energy plants in their neighbourhood. 65 percent of the survey participants are generally positive about plants within a radius of five kilometres from their homes. The approval rate is significantly higher when people already have experience with such plants. While, for example, 72 percent of all respondents approve of solar parks in the vicinity of their homes, the approval rating rises to 94 percent if there is actually a plant in the vicinity of the survey participants. The approval ratings for coal-fired power plants, on the other hand, are far off in the single-digit percentage range.

The most important advantages of renewable energies for people in Germany are future security and climate protection. Thus, 75 percent of the participants agree with the statement that renewables contribute to a secure future for our children and grandchildren. 72 percent affirm the statement that energy from the sun, wind, biomass & co. protects the climate. "The people in Germany know that the expansion must continue so that we can fulfil our obligations to climate protection and to future generations," emphasises Boenigk.

In order to finance the expansion of renewables, the majority of respondents are willing to make their contribution via the EEG levy through the electricity price. Thus, 48 percent rated the current monthly contribution of 20 euros per 3-person household (3,500 kilowatt hours annual consumption) as appropriate, while 8 percent are even willing to pay more for the expansion of renewables. Only 37 percent consider the contribution to be too high.

You can find further infographics on the survey in the AEE Media Library.