To accommodate the rising demand for sustainable investment products, Danske Bank is adjusting six Danske Invest index funds so they now comply with article 9 of the EU’s Sustainable Finance Disclosure Regulation (SFDR).
The index funds will thus invest in activities that contribute to solving the climate challenges and creating a more sustainable society.
“We have adjusted our investment products because we are keen to make it easier for our customers – both personal and institutional – to invest in the green transition. All of the six funds track the EU Climate Transition Benchmark. This means that companies are selected or excluded in a way that ensure the funds help reduce climate impact and contribute to the green transition,” explains Thomas Otbo, Chief Investment Officer at Danske Bank.
A step closer to our targets
Earlier this year, Danske Bank announced two specific targets for ESG and sustainable investment funds:
- 400 bn DKK in investment funds that promote ESG in 2023
- 150 bn DKK that have sustainability objectives in 2030
These newly adjusted investment products are the first step on the road to reaching our 2030 target, and we will be regularly developing and expanding our product range so we can create value for our customers and support the transition to a more sustainable society. Thomas Otbo
Chief Investment Officer, Danske Bank