MISSION AND CODE OF CONDUCT
KENFO has a unique, socially significant and responsible task. It was founded to ensure the long-term financing of interim and final storage of radioactive waste in Germany. In order to fulfil this mission in the best possible way, a common understanding of the organisation's mandate, core competencies and values is necessary. This is laid down in the mission statement and code of conduct. As the largest foundation under public law in Germany, we make our principles for responsible behaviour and integrity transparently available to the public.
Taking into account sustainability criteria is an essential part of the investment strategy. The sustainability strategy aims to contribute to a stable long-term portfolio performance. This is achieved by aiming to identify companies exposed to business risk e.g. due to corporate misconduct early on. The “ESG criteria” (environmental, social, governance) are taken into account as filters for the investment universe. A combination of exclusion criteria - for example in the event of a serious violation of the core principles of the UN Global Compact (human rights, labour standards, environmental protection and corruption) - and a “best-in-class” approach regarding individual companies’ ESG scores is used to increase the portfolio quality.