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Environmental footprint

Reducing carbon emissions from our operations is a central element in our efforts to minimise our environmental footprint.

Since 2009, our carbon emissions from our own operations have been compensated for. This has been achieved by purchasing certified renewable energy and verified
carbon credits for the carbon emissions that we cannot eliminate, for example from transport and heat consumption.

All electricity used by Danske Bank comes from renewable sources certified by Guarantees of Origin and International Renewable Energy Certificates.

Reducing carbon emissions from our operations

Target & status

This target links to Sustainable Development Goal #13: Climate action.

  • 2023- and 2030-target: To reduce CO2 emissions with 40 by 2023 and 60% by 2030 in relation to 20l9.
  • 2021 status: 69% carbon emissions reduction since 2019. The significant reduction is a result of the corona pandemic and new ways of working.

Selected initiatives

Eliminating fossil fuels for heating
By 2022, we will have eliminated emissions from on-site heating across all sites.

In Denmark, we will purchase biogas certificates of origin to transition on-site gas usage to carbon-neutral heating, and in Northern Ireland we are replacing oil and gas boilers with heat pumps and electric radiators.
Waste segregation
In 2020, we established waste segregation stations at all offices and branches and replaced all individual waste bins to increase our recycling rate from 45% to 75%.

From 2022, we will be able to track the waste flows by means of quarterly waste reports that detail recycling rates and carbon emissions from waste from across the Group. 

Sustainable food purchasing
In 2021, we reviewed the food-purchasing process for our canteens in Denmark, and we set targets for increased local and seasonal sourcing and reduced consumption of red meat at our canteens across the Nordic countries and in Lithuania.

In 2022, we will assess the climate impact of food purchased in all our canteens. 


Carbon credits

The amount of CO2 Danske Bank cannot eliminate is compensated by the purchase of certified renewable electricity and verified carbon credits.

  • 06. feb 2014Household biogas plants
  • 06. feb 2014Energy from rice husks
  • 05. feb 2009Wind power in Turkey
  • 05. feb 2009Rudaiciai Wind Power Park

Selected publications & policies

In our Sustainability Report you can read more about our carbon reduction initiatives - for example energy-efficient buildings and electric vehicle charging stations.
  • 03. feb 2022Sustainability Report 2021
  • 02. feb 2022Sustainability Fact Book 2021
  • 25. mar 2021Danske Bank Position Statement Climate Change
  • 03. feb 2022Statement on Carbon Neutralisation 2021
See more

Sustainable sourcing

We strive to ensure that the products and services we buy are produced responsibly. The Supplier Code of Conduct applies to all our suppliers. 

  • Risk profile assessment on the basis of information about the type of products and services in the tender and where they are produced.

  • Suppliers that are assessed as high-risk are asked to complete an additional in-depth questionnaire about their ESG policies and performances.

  • If we deem the result of the self-assessment questionnaire to be unsatisfactory, we engage in dialogue and agree on a corrective action plan, if needed.