The sustainable supply of raw materials is a prerequisite for domestic production and the strength of the German economy and, hence, a central task of the Federal Government. After all, Germany as a high-technology nation is dependent on imports for most of its industrial raw materials. This dependency ranges from energy sources to special metals that are essential for innovative industries. German industries need these raw materials to maintain prosperity and keep jobs in the country.
As a wholly-owned subsidiary of the promotional bank KfW, it is our mission to support industries in securing their access to raw materials all over the world. Financings aimed at ensuring the supply of raw materials account for nearly ten per cent of our loan portfolio. Whether it is an or exploration projects for the extraction of copper, oil or gold - projects aimed at securing raw materials for local industries have priority for us.
And we proceed systematically - particularly in securing raw materials supplies. We ensure compliance with international environmental standards and thoroughly examine the projects we finance for their environmental impact and for their social sustainability. We do not finance projects that cause unacceptable environmental harm.
Optimising the use of raw materials and recycling are also central themes for us as a financing institution. For example, we support innovative production concepts that use recycled raw materials and sustainable technologies.