The sustainability guidelines are implemented via a management system that defines responsibilities and procedures. Overall responsibility for KfW’s sustainability strategy and communications rests with the Chief Executive Officer. The CEO has also been the Executive Board member for environmental issues since November 2014. Together with the respective directors and managing directors of DEG and KfW IPEX-Bank, the CEO also ensures the operational implementation of sustainability issues with regard to sustainable financing and in-house environmental protection. He is assisted by the Group Officer Environment and Sustainability (KUN). The KUN reports to the Chief Executive Officer and advises the Board member for environmental issues on all relevant matters. The KUN is supported by the in-house Environmental Protection Officer and by 15 sustainability officers from the relevant group units. The sustainability officers drive the further development of processes and new financing products, and oversee both inward and outward communication in their units.
The Steering Committee Environment and Climate (KUK) fosters group-wide interaction on financing activities in the area of climate and environmental protection, and provides impetus for the further development of procedures and standards. The KUK is headed by the Board member responsible for environmental issues. Members of the KUK include, among others, the Group Officer Environment and Sustainability as well as the sustainability representatives and the operational managers for specific areas from all market segments of the bank.
Within KfW’s treasury department, a team is fully dedicated to the conception and implementation of responsible investment strategies for KfW’s liquidity portfolio and Green Bond portfolio. The portfolio managers are as well responsible for the implementation of the responsible investment strategies.
The implementation of the responsible investment strategies is supported by ESG data provided by an external service provider.