Environmental impact

Danske Bank Group has a direct impact on the environment through its daily activities and an indirect effect through lending and investment decisions.

The Group’s environmental impacts have been assessed and prioritised according to an assessment of the environmental significance and stakeholder interest.

Direct environmental impact
We have identified our direct environmental impact and prioritised the individual factors in the Group’s environmental work. All the parameters listed below are monitored regularly, and specific data can be found in the annual CR Fact Book.

Direct environmental impact  
Resource use
  • Energy for electricity and heating
  • Fuel for transport and travelling
  • Paper
  • Water
Emissions to air
  • Emissions of CO2, NOx and SO2 from energy use and transport
  • Leakage of ozone depleting substances from cooling systems
  • Landfill
  • Incineration
  • Recycling

Indirect environmental impact
Danske Bank Group's credit and investment decisions may indirectly affect the environment. We also affect the environment by purchasing of products and services with an environmental profile. In 2012, we joined the newly established “Ecolabelling Denmark”
network, in which companies exchange knowledge they have gained from purchasing environmentally friendly products.

In our credit decisions, we apply environmental criteria to identify and manage environmental risks. We also consider whether borrowers operate in areas in which environmental issues may affect their performance. But we have not formulated stricter requirements than those laid down by national legislation. 

Understanding other industries’ opportunities and risks
In their lending, investing and insurance activities, financial services companies must take account of the opportunities and risks in all industries. It is therefore important for them to understand who will be the winners and losers in adjusting to climate change as well as the new regulations that are implemented. Certain industries will be directly affected by climate change; agriculture and construction, for example, will be affected by an increase in storms and flooding. Energy-intensive companies will be affected by carbon allowances and duties as well as rising energy prices. Other companies, on the other hand, will be able to take advantage of opportunities by adjusting to a less carbon-intensive economy. They will have a good platform to promote projects such as insulation, wind turbines, solar energy and environmentally friendly cars.

Responsibility, investments and environment
In 2012, we also merged our policies on environment, responsible investments and overall corporate responsibility into one single Responsibility Policy to ensure an easy access to our position on responsibility matters for all our stakeholders.

Last updated on 7 February 2013.


Carbon register

In order to offset the CO2 emissions that the Group cannot eliminate, we have invested in renewable energy projects.

Greenhouse gas accounts

Danske Bank achieved carbon neutrality again in 2012. We reduced the CO2 emissions from own operations by 19 pct.

Operational boundaries

In order to define what emissions to include in the scope of the GHG calculation, we assessed possible sources.



Climate is a popular topic, but it is also a very complex one. It can be difficult to keep track of all the technical terminology.

ISO 14001
The environmental management system of the Danske

Bank Group follows the basic principles of ISO 14001.

Read more about ISO 14001

Environmental requirements to suppliers

In choosing its suppliers and products, we actively demonstrate our concern for the environment.

See our requirements for suppliers



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Danske Bank Group
Holmens Kanal 2-12 1092 Copenhagen K

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