KfW IPEX-Bank Focuses on Sustainability and Customer Transformation in Organizational Repositioning

KfW IPEX-Bank Focuses on Sustainability and Customer Transformation in Organizational Repositioning

(PRESS RELEASE) FRANKFURT AM MAIN, 30-Dec-2022 — /EuropaWire/ — KfW IPEX-Bank, an international project and export finance bank and a wholly owned subsidiary of KfW, a German state-owned investment and development bank, has announced that it will undergo a reorganization to focus on sustainability and supporting customers in their transformation. The bank will continue to provide structured finance for exports and infrastructure, as well as financing for global climate change mitigation and supplies of raw materials in Europe. The bank will also group seven sector departments into four forward-looking sectors.

A unique selling point of KfW IPEX-Bank is its sectoral organisational structure. As a result of the reorganisation, the sector know-how from seven sector departments to date has now been pooled into four future-oriented sectors:

• the energy sector for the transformation of the energy industry, primarily wind power, solar energy and hydrogen, as well as water and waste management infrastructure (Global Head Peter Purkl)
• the mobility sector for the transformation of the maritime industry and aviation as well as climate-friendly mobility & transport (Carsten Wiebers)
• the infrastructure sector for digital infrastructure, charging infrastructure, grid-based energy infrastructure, air and sea ports as well as the construction industry, among others (Aida Welker)
• the industry & commerce sector for metal and mining, commodity trading, financial institutions, the automotive industry and retail, among others (Wolfgang Behler)

“We will increasingly take sustainability aspects into account in our financing offers in terms of Paris compatibility,” explained Klaus R. Michalak, CEO of KfW IPEX-Bank. “It is particularly important to all the members of the Management Board and my designated successor Belgin Rudack that this goes hand in hand with the transformation our customers are going through, which we closely accompany and support in order to contribute to the long-term goal of a climate-neutral economy and society.”

About KfW IPEX-Bank
Within KfW Group, KfW IPEX-Bank is responsible for project and export finance. New commitments in the first three quarters of 2022 amounted to EUR 11.7 billion. By implementing ambitious sector guidelines for CO2-intensive sectors KfW IPEX-Bank ensures its financings are compatible with the goals of the Paris Agreement. By introducing GHG accounting it aims to achieve a net zero emissions portfolio by 2050.

As specialist bank, KfW IPEX-Bank has extensive industry, structuring and country expertise, it takes on leading roles in financing consortia and actively involves other banks, institutional investors and insurance firms. KfW IPEX-Bank operates as a legally independent group subsidiary and is represented in the most important economic and financial centres across the globe.

Media contact:

Dr Axel Breitbach

+49 69 7431-2961
axel.breitbach@kfw.de

SOURCE: KfW