KfW Rely on the safe haven - Investor presentation
Allocation and impact of KfW Green Bonds
Based on KfW's pro-rata financing of projects
GHG reduced/avoided per €1mn
(in tons CO2e p.a. - left scale)
Cumulated GHG reduced/avoided
(in million tons CO2e p.a. - right scale)
≈2
20
18
Highlights
1 Strong increase in green bond
issuance volume with introduction
of Framework 2019. Driver: energy-
efficient housing
2 Renewable energy projects deliver a
significantly higher impact per
€1mn investment than energy-
efficient housing projects.
3 Cumulated environmental impact of
'green' projects totals 21.8m tons
CO₂e p.a. reduced/avoided.
→ corresponds to more than 3% of
Germany's overall 2023 CO₂e
emissions of 673m tons.²
1.000
900
800
17.0
700
Renewable Energy
Energy Efficiency
85%
600
Clean Transportation
12.8
21.8
22
16
14
1%
12
500 Green bond net proceeds
(€ in billions right scale)
2%
71%
10
71%
400
8
79%
79%
300
6
210
195
200
135
157
4
109
100
2
0
0
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Framework 2014
Framework 2019
Framework 20221
1 Estimated impact based on impact data already evaluated for the project categories Renewable Energies, Energy Efficiency and Clean Transportation, each provided by independent research agencies, for the years 2019 to 2022 (to the extend available),
2_Source: Umweltbundesamt (German Environment Agency)
KFW Rely on the safe haven - Investor presentation / April 2024
41View entire presentation