Mission and Code of Conduct

We finance the interim and final storage of the nuclear waste.

KENFO was founded to ensure the financing of the interim and final storage of radioactive waste arising from the commercial use of nuclear energy to generate electricity in Germany. The foundation reimburses the German federal government for the costs that have already been incurred and will be incurred in future for the safe disposal of radioactive waste.

We invest performance oriented and in a sustainable way.

KENFO invests considering risks and returns, globally diversified in almost all established liquid and illiquid asset classes. The ESG sustainability criteria, i.e. social, ecological, and responsible corporate governance, are taken into account.

We work within an efficient structure corporate 

The foundation works efficiently due to a lean corporate structure and the outsourcing of tasks. KENFO has awarded mandates to external asset management companies using their resources and expertise. The KENFO team controls the allocation of the individual sub-segments via strategic and tactical decisions, manager selection and monitoring, and carries the risk management out. 

In order to fulfil its mission in the best possible way, a common understanding of the mandate, core competencies and values of the organisation is necessary. To this end, KENFO has developed a mission statement in a joint process with all employees, which is intended to strengthen corporate governance and organisational culture.

In addition to the mission statement, the Code of Conduct defines clear expectations for the behaviour of our employees and our business partners. The Code of Conduct is an essential element of the compliance management system and summarises specific principles of conduct in a single document.

Compliance trainings are held regularly for KENFO employees. Get an idea of our principles for responsible behaviour and integrity yourself.