Press Release from 2023-01-02 / KfW IPEX-Bank
KfW IPEX-Bank repositions itself
- Increased focus: Sustainability aspects and supporting customers in their transformation
- Grouping seven sector departments together into four forward-looking sectors
KfW IPEX-Bank is paving the way towards the future with an organisational repositioning within its proven business model. The focus is on the aspects of sustainability and transformation of the economy as well as on the ability to respond flexibly to changing customer needs. At the same time KfW IPEX-Bank will continue to provide structured finance for exports and infrastructure in future as well as financing for global climate change mitigation and supplies of raw materials in Europe.
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.