Active
This profile is actively maintainedActive
This profile is actively maintainedWebsite | http://www.danskebank.com |
Headquarters |
Holmens Kanal 2-12
1092 Copenhagen
Denmark
|
CEO/chair |
Carsten Egeriis CEO |
Supervisor | |
Ownership |
listed on NASDAQ OMX
Danske Bank's shareholder structure can be accessed here. |
Danske Bank is a Danish bank, founded in 1871 as Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn. Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the northern European region with over 5 million retail customers.
Danske Bank's most important sustainability commitments can be found at the website sections listed below.
Links
Danske Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Danske Bank's link to these deals.
Danske Bank has not established any grievance mechanims available to communities whose rights might be impinged by the bank's activities. Customers can, however, make a complaint here. For other stakeholders it is possible to lodge a complaint with the OECD National Contact Point (see OECD Watch Guidance).
This page evaluates Danske Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Banks and Climate
The 2024 Banking on Climate Chaos report showed that Danske Bank provided US$ 15.338 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, Danske Bank provided US$ 149 Million for oil, gas and coal companies expanding fossil fuels. Find further details on Danske Bank fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Danske Bank’s fossil fuel policy below.
Tracking the Net Zero Banking Alliance
Banks and Russian Aggression in Ukraine
BankTrack is keeping track of the public response of the Danske Bank to Russia's illegal invasion of Ukraine. Danske Bank has publicly condemned the war. Danske Bank is considered by Leave-Russia.org to be "continue operations" its operations in Russia. We consider its exposure to Russia as limited. Danske Bank supports the Russian fossil fuel industry through investments. For further details, see the table linked below.
Banks and Steel
As part of the Net Zero Banking Alliance (NZBA), Danske Bank is required to set interim targets for 2030 for high emission priority sectors. For Danske Bank, this includes its lending to the steel sector. You can see Danske Bank’s iron and steel decarbonisation targets, and its progress towards meeting them in our NZBA steel targets compliance tracker:
Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Danske Bank metallurgical coal policy below.