Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

KfW Sustainability Indicator 2013: no more than limited progress

17.10.2013
- Economy indicator continues to improve at a high level: labour force participation rate records new all-time high

- Environment indicator has declined: weather causes increase in energy consumption and greenhouse gas emissions

- Social cohesion indicator slightly improved: economic trend supports integration via the labour market

The KfW Sustainability Indicator 2013 is weaker than in the previous year and only just above the average value of the preceding ten years. While the "economy" and "social cohesion" dimensions continued to record positive figures, the environment dimension worsened substantially.

"Germany continues to report a sustained performance. The economic situation on the labour market, in particular, is leading to greater social cohesion, which is very positively reflected in our indicator. At the same time, however, higher energy consumption due to growth and the weather weigh on the environmental balance and mar the overall result. If growth in Germany continues to show increased momentum in 2014, it will once again be a challenge to keep the environment indicator above the 10-year average next year", said Dr Jörg Zeuner, Chief Economist of the KfW Group.

Economy: situation on the labour market leads to substantial increase

Germany was able in 2012 to keep private and state spending on research and development high. The labour participation rate rose to a fresh all-time high of 53.5%. This makes a key contribution to the good result of the economy dimension of the KfW Sustainability Indicator, which now exceeds the average for the preceding ten years by 0.6 points. By contrast, the persistently low level of investment activity by the state and by companies gives cause for concern.

"Despite good financing conditions, the net investment ratio stands at only 2.6%. This is too low for a sustained performance in Germany", said Dr Zeuner.

Environment: progress becoming more difficult

The environment dimension fell to an all-time low in 2012 (-0.5 points). The decline was due to the weather-related increase in energy consumption and to the pro rata increase in the use of brown coal and hard coal, which led to rising greenhouse gas emissions and lower energy productivity. The trend of raw material productivity recorded a deterioration for the first time in 2012. On a positive note, noise pollution was improved while land consumption was reduced. "As renewable energies continue to expand, the targeted objectives of the energy turnaround require, in particular, a faster pace in the improvement of energy efficiency", said Dr Zeuner.

Social cohesion: falling unemployment helping participation and integration

The social cohesion dimension continued the positive performance seen in previous years and at 0.4 remained only 0.1 points below the previous year's figure. Boosted by the good performance on the labour market the social participation of all population groups improved.

The percentage of the long-term unemployed was encouragingly low, and in 2012 people of foreign origin were better integrated into the labour market than in the previous years. Although the percentage of people with low qualifications (25 to 30 year olds without an educational qualification) has fallen further, it remains too high at just under one quarter. The ageing society is likely to have made a major contribution to the increase in the incidences of illness requiring hospital treatment.

The KfW Sustainability Indicator

The KfW Sustainability Indicator provides quantitative information on the progress made in the sustainable development in Germany. Appropriate key topics were identified for the areas of the economy, the environment and social cohesion and backed by the appropriate basic indicators. In total, three key topics with 24 basic indicators were selected.

The progress in the sustainability situation was measured using changes in these basic indicators over time. The common benchmark for all basic indicators is to be at least as good as or better than the average score of the more recent past, which is defined as a sliding ten-year period prior to the relevant reference year. The individual information is consolidated into an overall value of the KfW Sustainability Indicator by applying a scoring method.

The full results and information on the make-up of the KfW Sustainability Indicator 2013 are available for download at www.kfw.de/nachhaltigkeitsindikator.

Contact:
KfW,
Palmengartenstr. 5 - 9, 60325 Frankfurt
Kommunikation (KOM) Dr Charis Pöthig
Tel. +49 (0)69 7431 4400, Fax: +49 (0)69 7431 3266,
E-Mail: presse@kfw.de, Internet: www.kfw.de

Dr Charis Pöthig | presseportal
Further information:
http://www.kfw.de

More articles from Business and Finance:

nachricht Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)

nachricht Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Fizzy soda water could be key to clean manufacture of flat wonder material: Graphene

Whether you call it effervescent, fizzy, or sparkling, carbonated water is making a comeback as a beverage. Aside from quenching thirst, researchers at the University of Illinois at Urbana-Champaign have discovered a new use for these "bubbly" concoctions that will have major impact on the manufacturer of the world's thinnest, flattest, and one most useful materials -- graphene.

As graphene's popularity grows as an advanced "wonder" material, the speed and quality at which it can be manufactured will be paramount. With that in mind,...

Im Focus: Exotic quantum states made from light: Physicists create optical “wells” for a super-photon

Physicists at the University of Bonn have managed to create optical hollows and more complex patterns into which the light of a Bose-Einstein condensate flows. The creation of such highly low-loss structures for light is a prerequisite for complex light circuits, such as for quantum information processing for a new generation of computers. The researchers are now presenting their results in the journal Nature Photonics.

Light particles (photons) occur as tiny, indivisible portions. Many thousands of these light portions can be merged to form a single super-photon if they are...

Im Focus: Circular RNA linked to brain function

For the first time, scientists have shown that circular RNA is linked to brain function. When a RNA molecule called Cdr1as was deleted from the genome of mice, the animals had problems filtering out unnecessary information – like patients suffering from neuropsychiatric disorders.

While hundreds of circular RNAs (circRNAs) are abundant in mammalian brains, one big question has remained unanswered: What are they actually good for? In the...

Im Focus: RAVAN CubeSat measures Earth's outgoing energy

An experimental small satellite has successfully collected and delivered data on a key measurement for predicting changes in Earth's climate.

The Radiometer Assessment using Vertically Aligned Nanotubes (RAVAN) CubeSat was launched into low-Earth orbit on Nov. 11, 2016, in order to test new...

Im Focus: Scientists shine new light on the “other high temperature superconductor”

A study led by scientists of the Max Planck Institute for the Structure and Dynamics of Matter (MPSD) at the Center for Free-Electron Laser Science in Hamburg presents evidence of the coexistence of superconductivity and “charge-density-waves” in compounds of the poorly-studied family of bismuthates. This observation opens up new perspectives for a deeper understanding of the phenomenon of high-temperature superconductivity, a topic which is at the core of condensed matter research since more than 30 years. The paper by Nicoletti et al has been published in the PNAS.

Since the beginning of the 20th century, superconductivity had been observed in some metals at temperatures only a few degrees above the absolute zero (minus...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Call for Papers – ICNFT 2018, 5th International Conference on New Forming Technology

16.08.2017 | Event News

Sustainability is the business model of tomorrow

04.08.2017 | Event News

Clash of Realities 2017: Registration now open. International Conference at TH Köln

26.07.2017 | Event News

 
Latest News

New gene catalog of ocean microbiome reveals surprises

18.08.2017 | Life Sciences

Astrophysicists explain the mysterious behavior of cosmic rays

18.08.2017 | Physics and Astronomy

AI implications: Engineer's model lays groundwork for machine-learning device

18.08.2017 | Information Technology

VideoLinks
B2B-VideoLinks
More VideoLinks >>>