Towards a low-carbon economy

Danske Bank wants to support the transition to a low-carbon economy. We do this directly in our operations and indirectly in collaboration with customers, portfolio companies and business partners.

 

 


Our climate strategy

At Danske Bank, we have been working to reduce our negative impact on the environment for many years. We developed our first climate strategy in 2007, and we update it regularly, most recently in 2015.

Read more

Carbon credits

The amount of CO2 Danske Bank cannot eliminate is neutralised by the purchase of CO2 credits. These credits originates from projects, where actual CO2 reductions are made, and they are all certified by the Gold Standard or equivalent international standards.

Large private owner of solar cell parks in Denmark

Nine large solar cell parks installed on the roofs of shopping centres owned by Danica Pension make us one of the  largest private-sector owners of solar cell parks in Denmark. This is part of Danica Pension’s energy strategy, which also includes a DKK 100 million investment in energy efficiency in order to achieve a 38% reduction relative to the 2015-level in energy consumption in our shopping centre portfolio by 2020.

 

Green bonds

Since 2014, we have invested almost DKK 2 billion of our own funds in green bonds issued for large renewable energy projects and climate protection. Green bonds represent an investment opportunity with a low risk and competitive returns while supporting the transition to a sustainable future. We have invested in bonds issued by Stockholm’s City Council, Nordic Investment Bank (NIB) and Berlin Hyp, amongst others, and we evaluate new opportunities to invest in green bonds on an ongoing basis.
Read more

Our position on climate change

In 2016, we published our first position statement on climate change in order to clarify how we address challenges related to climate change and to establish a shared framework for a proactive dialogue with our stakeholders on the topic.

Our environmental performance

CO2 neutral since 2009

We have set a goal to reduce energy consumption 15 % from 2014 to 2018

All electricity consumption at Danske Bank premises is supplied by renewable electricity

Second-best score in Carbon Disclosure Project among Nordic financial institutions in 2016

Relevant documents

  • 02. feb 2018CR Report 2017
  • 02. feb 2018CR Fact Book 2017
  • 02. feb 2018Statement of Carbon Neutrality 2017
  • 20. mar 2018Danske Bank Position Statement Climate Change