Danske Bank is introducing a new target to provide more than DKK 100 billion in sustainable financing towards 2023. At the same time, Danica Pension commits to investing DKK 30 billion by 2023 in assets that support the green transition, and Danske Bank will reduce its own CO2 emissions by 75% from 2010 levels.
For the first time, Danske Bank is setting a specific target for the volume of sustainable financing it makes available to its customers. Sustainable finance can consist of facilitating customers’ issuance of e.g. green bonds, which enables issuers such as corporates, financial institutions and sovereigns to raise funding for projects that support a sustainability agenda. Or it can take the form of green loans to customers, where lending is provided for green activities, or lending to projects that for example seek to reduce CO2 emissions.