The German Act on Corporate Due Diligence for the Prevention of Human Rights Violations in Supply Chains (Lieferkettesorgfaltspflichtengesetz or LkSG) obliges companies that fall within its scope to comply with human rights and environmental due diligence obligations in their own business operations as well as for their direct and indirect suppliers as of 1 January 2023.
Although KfW IPEX-Bank does not fall within the direct scope of application of the law due to its number of employees, it is nevertheless particularly important to us to safeguard human rights and environmental aspects in our business activities.
We therefore take human rights and environmental protection into account in our own business operations and in our own procurement and so set the same standards as our parent company KfW in our own business operations and in our procurement. Since KfW itself falls directly within the scope of application of the LkSG, we, as an indirectly regulated subsidiary, also act in accordance with the provisions of the LkSG.
KfW IPEX-Bank is one of the few banks in Germany to operate as a carbon neutral business. Our office building fulfills the highest ecological standards worldwide. Unavoidable emissions are offset by emission certificates.
KfW IPEX-Bank sets standards in the use of new, energy-saving technologies. With a primary energy consumption of 98 kWh per square metre, the "West Arcade" building at our Frankfurt headquarters is one of the high-rise office buildings with the highest eco-standards in the world.The "West Arcade" has an aerodynamic design that prevents energy losses resulting from the prevailing wind flow.
Thermal building component activation, ground heat exchangers and the use of waste heat from the data centre in the basement are further examples of our strategy to keep our energy consumption extremely low. A number of innovative solutions such as temperature, lighting and shutter control enable a considerably more efficient energy use than in comparable buildings.
All externally produced publications use climate neutral printing. Relevant CO2 emissions which arise during the printing process are calculated, indicated and then offset using carbon emission certificates. The climate neutral print process is indicated on all our broschures.
In addition, as it became legally independent KfW IPEX-Bank adopted the practice already being applied by KfW of offsetting unavoidable carbon emissions through compensation projects. This voluntary initiative made KfW Bankengruppe Germany's first bank to completely offset its carbon emissions. All emissions from its energy consumption and business trips are offset by matching quantities of emission certificates.