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Sustainable finance

Massive amounts of finance will be necessary for transitioning into more sustainable economies and societies. Therefore, we consider the areas of financing and investing at the core of our efforts to advance sustainability.

This means actively supporting our customers to achieve their sustainability ambitions and helping them navigate through these changing times by providing relevant products and advice.

Targets & status

Targets link to Sustainable Development Goal #13: Climate action

Volume target

  • 2023 target: DKK 300 billion in sustainable financing, including granted green loans and arranged sustainable bonds
  • 2021 status: DKK 192 billion since 2019

Net-zero commitments

We joined the Net-Zero Banking Alliance (NZBA) in October 2021

Carbon emission reduction targets

  • 2030 target: Reduce carbon emissions in our corporate lending portfolio in three key sectors by between 20-50% against a 2020 baseline

Volume target

  • 2030 target: DKK 150 billion investments in funds with sustainable investment objective. 
  • 2021 status: DKK 65 billion.

Net-zero commitments

We joined the Net Zero Asset Managers Initiative in March 2021.

Carbon emission reduction targets

  • 2030 target: We want to reduce the weighted average carbon intensity of our investment products by at least 50% against a 2020 baseline.

Volume target

  • 2023 target: Danica Pension to have at least DKK 50 billion of its investments placed in assets that support the green transition.
  • 2021 status: DKK 31,5 billion since 2019.

Net-zero commitments

Danica Pension joined the Net-Zero Asset Owner Alliance (article in Danish) in June 2020.

Carbon emission reduction target

  • 2025 target: In Danica Pension’s portfolio we want to reduce carbon emission in five key sectors by between 15-35% against a 2019 baseline.

How we work with sustainable finance

Investments

At Danske Bank, responsible investments play a key role when we invest on behalf of our customers.

We analyse environmental social and governance (ESG) factors to select the best possible investments, and we focus on influencing companies to progress in a sustainable direction and to contribute to the positive development of our societies.
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Financing

Through advice and support to issuers and investors, we support the market for sustainable bonds as well as green and sustainability-linked loans. On our website for large Corporates & Institutions you can read more about our solutions and see cases.

When we grant a loan to a customer, we make sure that we we offer loans that are suited to that customer’s needs and financial capacity. Besides considering the purpose for which the funds will be used, we also seek to integrate ESG considerations into credit granting on par with the assessment of financial key figures.

Selected publications & policies

  • 17. mar 2022Sustainable Finance Policy
  • 17. mar 2022Responsible Investment Policy
  • 01. jan 0001Green Bond Impact Report 2021
  • 26. jun 2021Green Bond Framework June 2021
  • 25. mar 2021Danske Bank Position Statement Climate Change
  • 25. mar 2021Danske Bank Position Statement Fossil Fuels
  • 03. feb 2022Statement on Modern Slavery Act 2021
  • 26. maj 2021Our Responsible Investment Journey 2021
  • 28. aug 2020Active Ownership Report H1 2020
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