German Nuclear Waste Management Fund

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type="submit" name="search" value="Suche"> </form> </div> </li> <li class="language"> <a href=""><i class="fa fa-globe-europe"></i></a> <ul class="sub"> <li> <a href="/der-fonds/ueber-den-kenfo" class="de">Deutsch</a> </li> <li> <a href="/en/about-us/about-kenfo" class="en">Englisch</a> </li> </ul> </li> </ul> </nav> </div> </div> </div> </div> <a id="c1661"></a> <a id="c1844"></a> <section class="video-banner with-bg-video" style="background-image: url(/fileadmin/_processed_/5/0/csm_kenfo_filmteaser_image_f2ae707149.png)"> <div class="backgroundvideo-wrapper"> <video autoplay muted loop> <source src="/fileadmin/user_upload/videos/220428_kenfo_banner_image.mp4" type="video/mp4" > Your browser does not support the video tag. </video> </div> <div class="banner"> <div class="container"> <div class="row"> <div class="col-sm center-text"> <img src="/typo3conf/ext/webtemp/Resources/Public/Images//icons/icon-play.svg" id="playbutton"> <div class="text">click to play the video</div> </div> </div> </div> </div> <div id="popup"> <div class="popup-container"> <div class="close"></div> <video controls> <source src="/fileadmin/user_upload/videos/220421_kenfo_imagefilm_final_ut-eng_yt-komprimierung.mp4" type="video/mp4"> Your browser does not support the video tag. </video> </div> </div> </section> <a id="c555"></a> <a id="c961"></a> <div id="banner" style="background:#FFF" class=" banner-r555 banner-subsite margin-bottom-60 padding-top-80 padding-bottom-80"> <div class="container"> <div class="row"> <div class="col-md-1"></div> <div class="col-md-10"> <h1 class="text-uppercase">About KENFO</h1> <div class="content"> <div class="text"><p>On 16 June 2017, the Entsorgungsfondsgesetz (German Act on the Nuclear Waste Management Fund) came into force, establishing the Nuclear Waste Management Fund. On 3 July 2017, the operators of the 25 German nuclear power plants met their legal obligation to pay a total of EUR 24.1 billion into the foundation's accounts. This is intended to secure the funding of the interim and final storage of radioactive waste. The bodies of the institution are the board of managing directors and the board of trustees. An investment council advises the board of trustees. The fund is subject to legal supervision by the Federal Ministry for Economic Affairs and Energy (BMWi). This supervision is exercised in agreement with the Federal Ministry of Finance (BMF) and the Federal Ministry for the Environment, Nature Conservation, and Nuclear Safety (BMU). The fund is based in Berlin.</p> <p>KENFO is the largest foundation under public law in Germany with around EUR 24 billion in funds under management. It was formed with a one-off payment and the Entsorgungsfondsgesetz does not provide for any further additions to the fund's assets, it is a limited-term endowment. The federal government is currently being reimbursed a three-digit million amount annually for the costs of safe interim and final storage. The foundation is efficiently staffed and, in addition to its three board members, employs a small, highly motivated team of around 48 staff members.</p></div> <ul class="list"> <li class="locationAnchor" data-anchor="#gov" ><span>Governance structure</span></li> <li class="locationAnchor" data-anchor="#organigram" ><span>Organizational chart</span></li> <li class="locationAnchor" data-anchor="#gesetze" ><span>Legal basis</span></li> </ul> </div> </div> <div class="col-md-1"></div> </div> </div> </div> <div class="all-content-wrapper"> <div class="container content"> <a id="c556"></a> <a id="c962"></a> <div class="row accordion-with-arrow"> <div class="col-12"> <div class="row accordion"> <div class="col-md-1"></div> <div class="col-md-9"> <span class="internalNavTarget" id="gov"></span> <h2>Governance Structure</h2> <div class="row"> <div class="offset-1 col-md-11"> <p>The bodies of the foundation are the board of managing directors and the board of trustees. An investment council advises the board of trustees. The fund is subject to legal supervision by the Federal Ministry for Economic Affairs and Energy. This supervision is exercised consensually with the Federal Ministry of Finance and the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety.</p> </div> </div> <div class="row pt-5"> <div class="col-md-1"></div> <div class="col-md-11 bg-gray p-4 image"> <a href="/fileadmin/user_upload/schaubilder/kenfo-governance-structure.svg" class="lightbox"> <img class="image-link img-responsive" alt="Governance Structure" src="/fileadmin/user_upload/schaubilder/kenfo-governance-structure.svg" width="1057" height="700" /> <div class="lupe"><img src="/typo3conf/ext/webtemp/Resources/Public/Images//icons/190709_KENFO__lupe.svg" alt=""></div> </a> </div> <div class="col-md-2"></div> </div>  </div> <div class="col-md-9 offset-1"> <div class="row pt-5"> <div class="offset-1 col-md-11"> </div> </div> </div> <div class="col-md-9"> <div class="row"> <div class="col-md-1 arrow-up"> <img src="/typo3conf/ext/webtemp/Resources/Public/Images/pfeil-blau.svg" alt=""> </div> </div> </div> <div class="col-md-2"></div> </div> <div class="row accordion"> <div class="col-md-1"></div> <div class="col-md-9"> <span class="internalNavTarget" id="organigram"></span> <h2>Organizational Chart</h2> <div class="row"> <div class="offset-1 col-md-11"> <p>KENFO comprises of the following three management directorates:<br>  </p> </div> </div> <div class="row pt-5"> <div class="col-md-1"></div> <div class="col-md-11 bg-gray p-4 image"> <a href="/fileadmin/user_upload/schaubilder/kenfo_organigramm_eng.svg" class="lightbox"> <img class="image-link img-responsive" alt="Organizational Chart" src="/fileadmin/user_upload/schaubilder/kenfo_organigramm_eng.svg" width="1482" height="343" /> <div class="lupe"><img src="/typo3conf/ext/webtemp/Resources/Public/Images//icons/190709_KENFO__lupe.svg" alt=""></div> </a> </div> <div class="col-md-2"></div> </div>  </div> <div class="col-md-9 offset-1"> <div class="row pt-5"> <div class="offset-1 col-md-11"> </div> </div> </div> <div class="col-md-9"> <div class="row"> <div class="col-md-1 arrow-up"> <img src="/typo3conf/ext/webtemp/Resources/Public/Images/pfeil-blau.svg" alt=""> </div> </div> </div> <div class="col-md-2"></div> </div> <div class="row accordion"> <div class="col-md-1"></div> <div class="col-md-9"> <span class="internalNavTarget" id="gesetze"></span> <h2>Legal Basis</h2> <div class="row"> <div class="offset-1 col-md-11"> <p>As a foundation under public law, the fund operates within a fixed legal framework:</p><ul class="simple-list"> <li><a href="/fileadmin/user_upload/dokumente/kenfo-act-on-the-nuclear-waste-management-fund__en.pdf">German Act on the Nuclear Waste Management Fund</a></li> <li><a href="/fileadmin/user_upload/dokumente/kenfo-charter_en.pdf">Statutes</a></li> <li><a href="/fileadmin/user_upload/dokumente/kenfo-investment-guidelines_en.pdf">Investment Guidelines</a></li> </ul> </div> </div>  </div> <div class="col-md-9 offset-1"> <div class="row pt-5"> <div class="offset-1 col-md-11"> </div> </div> </div> <div class="col-md-9"> <div class="row"> <div class="col-md-1 arrow-up"> <img src="/typo3conf/ext/webtemp/Resources/Public/Images/pfeil-blau.svg" alt=""> </div> </div> </div> <div class="col-md-2"></div> </div> </div> </div> </div> </div> <footer> <div class="container"> <div class="row">  <div class="col-lg-7 col-sm-12"> <ul><li> <a href="/en/imprint" title="Imprint">Imprint</a> </li> <li> <a href="/en/data-protection" title="Data protection">Data protection</a> </li> <li> <a href="/en/sitemap" title="Sitemap">Sitemap</a> </li> <li> <a href="/en/faq" title="FAQ">FAQ</a> </li> <li class="sub"> <a href="/en/contact" title="Contact" class="sub">Contact</a> </li></ul> </div> <div class="col-lg-4 col-md-12"> </div> </div> <div class="row"> <div class="col-md-6 "> <img src="/typo3conf/ext/webtemp/Resources/Public/Images/footer-logos/BSI-IGZ-0563-2023.png" class="img-fluid footercert" /> <a href="https://www.kenfo.de/karriere#greatplace" target="_blank"><img src="/typo3conf/ext/webtemp/Resources/Public/Images/footer-logos/Certified-MAI23-MAI24.png" class="img-fluid footercert" /></a> </div> <div class="col-md-6 "> </div> </div> </div> </footer> </body> <!–TYPO3SEARCH_end–> <script src="/typo3conf/ext/cs_seo/Resources/Public/JavaScript/cs_seo.ga.js?1716540457"></script> <script type="text/javascript" src="/typo3temp/assets/vhs-assets-Popup.js?1736765158"></script> <script type="text/javascript" src="/typo3temp/assets/vhs-assets-SlickJS.js?1736765158"></script> <script type="text/javascript" src="/typo3temp/assets/vhs-assets-WoW.js?1736765158"></script> <script type="text/javascript" src="/typo3temp/assets/vhs-assets-Custom.js?1736765158"></script> <script type="text/javascript"> jQuery(document).ready(function($){ $('.video-banner').each(function() { let theParent = $(this); 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German Nuclear Waste Management Fund