In March 2019 we launched our own green bond framework, which enables us to issue green bonds, and on that background Realkredit Danmark issued the first green mortgage bond in the Danish market.
ESG in all investment and lending processes
Another important element is our ongoing work of analysing ESG (Environment, Social and Governance factors) in all investment and lending processes. Here, we focus on i.e. the companies’ climate impact, and enter a dialogue with them in order to make them address climate issues and reduce their CO2 emissions. Furthermore, we don’t invest in or lend to companies, where the majority of their revenue comes from coal or oil sands. It is our ambition that all our portfolio managers are able to explain, how they integrate ESG into their process before the end of 2020.
We also offer two funds that invest in the green transition and clean water.
“In general, we wish to increase the amount of green financing and green products, so we can contribute to the acceleration of the green transition. The next natural step for us will be to set up quantifiable targets for this work, which is also on par with our signing of the UN Principles for Responsible Banking,” says Berit Behring.
Denmark in the lead with concrete recommendations for the financial sector
Danske Bank has been deeply involved in Finans Danmark’s preparation of 20 recommendations for the financial sector, which were launched last week, and will help the sector take part in the acceleration of the sustainable transition.
Sustainability is part of Danske Bank’s core business
- In 2018, Danske Bank defined climate as a cornerstone of its 2025 sustainability strategy. Here, we defined a range of strategic ambitions in regards to offering green loans and investments, the issuance of our own green bonds, and helping our clients issue green bonds.
- So far, we have in 2019 arranged green bonds for our clients worth USD 15.4 bn. We have also increased the number of green loans and sustainability-linked loans to corporate clients. It is our ambition to grow the number of green loans and bonds in the years to come.
- Danica has an ambitious target of increasing the customers’ investments in the green transition to DKK 100bn by 2030.
- All our portfolio managers should be able to explain how they integrate ESG into their processes by 2020.