Danske Bank operates in the whole of Scandinavia: in Norway it's known as Fokus Bank and in Sweden under a variety of brand
names, including Östgöta Enskilda Bank.
A subsidiary in Luxembourg specialises in private banking services, and
one in St. Petersburg serves the Bank's corporate customers.
Handelsbanken, Provinsbanken and Den Danske Landmandsbank were some of
the first banks in Denmark. When they merged in 1990, they operated
under the name Den Danske Bank, now Danske Bank.
ownership
listed on OMX AB
Public Shareholders
headquarters
Holmens Kanal 2-12
1092 Copenhagen
Denmark
position top 1000 the Banker
In million US$. Ranking according to Tier 1 capital, as per definition Bank of International Settlements (BIS)
The CDP impels organisations to record their carbon footprint in daily activities. Encouraging enterprises to calculate and disclose their carbon impact, this initiative highlights the challenge for financial institutions to determine exactly how much carbon output can be attributed to financing.
Voluntary framework to guide the finance sector in tackling the challenge of climate change. They address the management of operational greenhouse gas (GHG) emissions and provide direction on managing climate change in research activities; asset management; retail banking; insurance & re-insurance; corporate banking; investment banking & markets; project finance.
The EPs are a set of guidelines, based upon the Performance Standards and guidelines from the IFC, the World Bank's private sector lending arm for private banks to asesses and mitigate risks in project finance. Banks use the Principles to guide internal operating procedures for transaction for specific projects. Although the EPs are an important step to raise overall standards of financiers and projects in the developing world, they currently fall short on transparency and governance requirements.
The verification and full publication of company payments and government revenues from oil, gas and mining is supported by the EITI. Financial institutions can participate and encourage resource-rich countries to support the initiative that aims to defeat poverty, corruption and conflict caused by weak transparency and accountability.
As the name suggests, the GRI aims to standardise good practice in transparency. GRI provides companies with guidelines to organise their annual report with reporting indices and standards addressing environmental, social and economic issues that business ought to address when telling the world about its performance.
The UN Global Compact is a set of ten principles that companies may sign voluntarily. Signatories promise to avoid complicity in human rights violations, adhere to labour standards, protect the environment and avoid corruption. The G8 countries urge companies to participate in this initiative, and with over 2900 companies signing up, the Global Compact has momentum. A voluntary and network based framework, the Global Compact actively promotes peer review and stakeholder participation.
UNEP is the 'voice of the environment' for the United Nations system, promoting international cooperation in the field of the environment. Issues concerning the financial community are addressed by the UNEP Finance Initiative which promotes investment in clean and renewable energy by financial institutions and other investors. Financial insititutions wishing to join must sign one of two Statements (for financial institutions and a separate one for the insurance industry).
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. Voluntary and aspirational in nature, UNPRI has since its inception in 2006 attracted 200 signatories, representing US$8 trillion worth of investments.
Since the turn of the century a group of twelve banks known as the Wolfsberg Group have collaborated to improve ethical standards. The principles provide guidance on money laundering, corruption and the financing of terrorism. They have been produced to address deficiencies in areas 'yet to be fully articulated by lawmakers or regulators'.
General comments BankTrack on policies Danske Bank
The Group's Corporate Responsibility Policy is based
on a number of internationally recognized principles in the areas of human
rights, employee rights, the environment and anti-corruption that are
formulated in the UN Global Compact. These topics are not translated into
lending requirements.
The same holds for
Danske Bank's Environmental Policy,
which states that environmental considerations are included in investment
decisions, and the Danske Bank Group's Socially
Responsible Investment Policy. This is developed for the units concerned
with asset management and applies to customers investment funds, pension funds,
international investment funds and also to the bank's own strategic securities
portfolio. To ensure that companies in these funds do not violate international
standards, the bank screens the funds based on internationally recognized guidelines
of the UN Human Rights Norms for Business, UN Global Compact and OECD
Guidelines for Multinational Enterprises.
With the companies that are involved in norms violation, the bank starts
engagement and depending on the results of this Danske Banks will sell or
retain the security.
All these documents
explain the bank's responsibility and intentions, but details of investment criteria
remain unclear. As such, these policies
are not accredited additional points for the sector and issue policies that
already received one point for the bank's subscription of various initiatives.
agriculture
0
1
2
3
4
5
arms industry and trade
0
1
2
3
4
5
fisheries
0
1
2
3
4
5
forestry
0
1
2
3
4
5
mining
0
1
2
3
4
5
oil and gas
0
1
2
3
4
5
power generation
0
1
2
3
4
5
biodiversity
0
1
2
3
4
5
climate change
0
1
2
3
4
5
corruption
0
1
2
3
4
5
human rights
0
1
2
3
4
5
indigenous peoples
0
1
2
3
4
5
labour
0
1
2
3
4
5
operation in conflict zones
0
1
2
3
4
5
taxation
0
1
2
3
4
5
toxics
0
1
2
3
4
5
accountability
0
1
2
3
4
5
transparency
0
1
2
3
4
5
headquarters
Holmens Kanal 2-12
1092 Copenhagen
Denmark
position top 1000 the Banker
In million US$. Ranking according to Tier 1 capital, as per definition Bank of International Settlements (BIS)
Against massive local resistance, from residents and environmental groups, despite the opposition of the Government of Argentina, and despite an escalating bilateral conflict…
Apr 01, 2010 | Netwerk Vlaanderen, IKV PAX Christi
A short version of the 'Hall of Fame and runners-up'-document. Both taken from the report: "Worldwide Investments in Cluster Munitions; A Shared Responsibility" Updated April 2010.
