KENFO
KENFO, the German Fund for the Financing of Nuclear Waste Disposal, secures the financing of radioactive waste disposal in Germany. With a diversified portfolio and a sustainable investment strategy, KENFO promotes responsible corporate governance and offers an attractive working environment in Berlin.
About KENFO
editKENFO, the German Fund for the Financing of Nuclear Waste Disposal, is a foundation under public law, established in 2017 to ensure the financing of interim and final storage of radioactive waste from the commercial use of nuclear energy for electricity generation in Germany. With managed assets of around 24 billion euros, provided by the operators of German nuclear power plants, KENFO takes on the responsibility for reimbursing the costs incurred by the federal government for the safe disposal of radioactive waste.
Main Products and Services
editKENFO invests in a broadly diversified portfolio that includes both liquid and illiquid asset classes. This includes stocks, bonds, and other investments made worldwide in various regions, sectors, and investment styles. The investment strategy aims to meet future payment obligations for financing disposal costs with the highest possible probability.
Mission and Values
editThe mission of KENFO is to ensure the long-term financing of the safe disposal of radioactive waste. This is achieved through a responsible and sustainable investment strategy based on the principles of social, ecological, and responsible corporate governance (ESG criteria). KENFO strives to achieve stable and long-term performance while supporting the climate goals of the Paris Agreement.
Sustainability Goals and Initiatives
editKENFO integrates sustainability criteria into its investment strategy to achieve long-term stable performance. The foundation supports the phase-out of nuclear energy and coal production and relies on a sustainable investment strategy based on ESG criteria. This includes selecting companies that are leaders in sustainability ratings within their sector, as well as excluding investments in nuclear energy.
Governance and Structure
editKENFO is managed by a board of three members and supervised by a board of trustees consisting of members of the Bundestag and representatives of the German federal government. An investment council of international financial experts advises the board of trustees. The lean organizational structure and outsourcing of tasks to external asset management companies enable efficient operations.
Work Environment and Career
editKENFO offers an exciting work environment in Berlin, one of the most exciting cities in the world. The foundation is certified as an "Attractive Employer" and promotes flexible working methods, further education, and qualification. KENFO values diversity and encourages networking and external positioning of its employees.
KENFO is a unique example of the connection between politics, society, and the financial world, with a social and intergenerational mission that shapes the future of Germany.