ESG Newsletter

Established in 2017 under the German Nuclear Waste Management Act, KENFO is responsible for funding the costs of the safe disposal of radioactive waste from the commercial use of nuclear energy to generate electricity in Germany and invests the funds transferred to it. KENFO has around EUR 24 billion of funds under management.  

As part of its responsible investment approach, KENFO integrates environmental, social and governance considerations into the process for selecting investment managers. Additionally, it applies negative and norms-based screening on coal, nuclear power plant operators and the UN Global Compact. To further its commitment to sustainability, KENFO joined the Net-Zero Asset Owner Alliance in March 2020 and became a signatory of the UN PRI in November of the same year.  

Sustainability Approach (German only)

2018 Annual Report (German only)