Invest in the Future. Transform it now.
Allocation and Impact of KfW Green Bonds
Based on KfW's pro-rata financing of projects
GHG reduced/avoided per €1m
(in tons CO2e p.a. – left scale)
1.000
Cumulated GHG reduced/avoided
(in million tons CO2e p.a. - right scale)
20
20
19,1
18
00
CO
2
2022
Framework 2022
8061
Highlights
1 Strong increase in green bond
issuance volume with intro-
duction of Framework 2019.
Driver: energy-efficient housing
2 Renewable energy projects
deliver a significantly higher
impact per €1m investment than
energy-efficient housing projects.
3 Cumulated environmental impact
of 'green' projects totals 19m
tons CO2e p.a. reduced/avoided.
→ corresponding to taking ~12m
passenger cars off the street
→ comparable to the GHG effect
of >30% of entire German forest
900
800
16
Renewable Energy
85%
700
■ Energy Efficiency
14
Clean
12,8
600
Transportation
12
2%
500
10
Green bond net proceeds
400 (€ in billions - right scale)
300
71%
79%
79%
200
195
135
157
109
100
0
2014
2015
2016
2017
2018
2019
2020
2021
Framework 2014
Framework 2019
KFW Invest in the Future. Transform it now. / November 2023
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