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Danske Bank

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Danske Bank releases ambitious climate action plan.


Danske Bank has released a detailed climate action plan setting goals for 2030 and 2050. The plan maps out the bank’s sustainable goals and carbon emissions, pulling focus to the green transition.
Aligning its goals with those set by the Paris Agreement and Science Based Targets initiative (SBTi), Danske Bank’s Climate Action Plan – Our Roadmap to Net Zero covers a range of ambitions: carbon emissions, energy efficiency, finding an alternative to fossil fuels, providing customer sustainability goals, managing the sustainable fallout of new buildings and air travel, and setting reduction targets for shipping and energy.
The Danish banking giant has reduced investments in oil and gas production companies since 2020 and plans to reduce its carbon footprint, which currently is at 44.1 million tons.
Goals set in the plan for 2030 include: reducing scope 1 and 2 emissions by 80% from their levels in 2019, reducing shipping, oil and gas, and energy utility emissions by 50%, and cutting down on weighted-average carbon intensity by 50%.
CEO of Danske Bank, Carsten Egeriis, stated: “With this climate action plan, we are setting a clear direction for our work with sustainability across activities and customer segments. The climate challenge is incredibly complex. It is therefore crucial that our work is based on reliable data on the total emissions resulting from our financing and investment activities. This provides us with a solid foundation when defining specific targets and prioritizing our efforts to ensure that we make the largest impact possible in terms of keeping the global temperature rise below 1.5°C.”
In 2022, Danske Bank entered the British market with a carbon neutral mortgage made available to residential homes in England.

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  • Markus Lutteman

    72 w

    An important step. But @danske_bank is still lending money to oil and gas production companies. This needs to stop immediately.

    1
    • Gorffly mokua

      72 w

      Having plans is good but taking action is best, Because we making plans after plans and we fail focusing on the most essential and requisite part which is implementation and action!!

      4
      • Simon Bergbom

        72 w

        I hope that this is not just a plan but that they follow up with concrete action.

        4
        • Peter Kamau

          72 w

          That's nice and I hope they'll live up to their ambitions.

          7
          • Gorffly mokua

            72 w

            @peter_kamau Yes! and lets hope that their plans wont remain to be just ambitious plans forever but be actualized and implemented.

            1
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