DNBNorway
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Dodgy Deals
Dodgy Deals Map
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Created before Nov 2016
Last update: 2022-11-15 15:04:58
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About DNB

DNB, founded in 1822, is Norway’s largest financial services group. The Group consists of brands such as DNB, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson. The group's activities are primarily focused on Norway. DNB is mainly active in providing finance for shipping, the energy sector and the fisheries and seafood industry.

Website https://www.dnb.no/en
Headquarters
Dronning Eufemias Gate 30
0191 Oslo
Norway
CEO/chair Kjerstin Braathen
CEO
Supervisor
Norges Bank
Annual reports Annual report 2021
CSR report 2021
Ownership
listed on Oslo Stock Exchange & Stockholm Stock Exchange

The Norwegian State owns 34.2% of DNB. DNB's complete shareholder structure can be viewed here.

Complaints and grievances

DNB does not operate a complaints or grievances mechanism for individuals or communities that might have been affected by the bank's finance.

Related Dodgy Deals

DNB has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Companies
Targets
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Active profiles
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On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
DNB
2022-03-14
NOR
2020
7
7
100
Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Nordic banks increase finance for Arctic oil and gas, new report finds

Ten Nordic banks provided US$ 21.2 billion to the fossil fuel industry. DNB, SEB, Nordea and Danske Bank largest Nordic financiers.
2022-11-22 | Nijmegen, the Netherlands | BankTrack, Greenpeace, ActionAid Denmark, Fair Finance Guide Norway, Fair Finance Guide Sweden, Friends of the Earth Finland, Swedish Society for Nature Conservation
blog
external news
our news

Big European financial institutions invest heavily but turn a blind eye to human rights abuses in Qatar

2022-11-07 | Fair Finance International
blog
external news
our news

Santos announces refinancing of syndicated debt facilities

Santos announced it had executed documentation to amend and extend its two syndicated bank loan facilities totalling US$1.25 billion.
2022-08-30 | Santos
blog
external news
our news

New Report: Financing a Fossil Future – Tracing the Money Pipeline of Fossil Gas in Southeast Asia

Southeast Asia is spiraling into a fossil future thanks to a massive fleet of gas projects
2022-06-03 | Center for Energy, Ecology, and Development (CEED)
blog
external news
our news

What the war in Ukraine teaches us

Lessons for European governments, companies and financiers - a Profundo Expert View
2022-03-04 | Jan Willem van Gelder - Profundo
blog
external news
our news

Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
blog
external news
our news

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
blog
external news
our news

New report exposes billions in European financial support to companies in illegal Israeli settlements

2021-09-29 | Don't Buy Into Occupation
blog
external news
our news

As Nordic banks aim to go greener, lending lags asset management pledges

2021-04-20 | S&P Global
blog
external news
our news

SASB, CDP, Ceres, 2ii and ShareAction vie to be part of oversight body for Principles of Responsible Banking

But Dutch NGO raises concerns about banks’ role in selection process
2021-02-10 | Responsible Investor
blog
external news
our news

DNB, SEB and Nordea among biggest Scandinavian fossil fuel lenders

2021-02-02 | Environmental Finance
blog
external news
our news

Ga Paris-løfte, men DNB fortsetter å låne ut til olje og gass

2021-02-01 | Oslo | Vårt Land
blog
external news
our news

Nordic Banks Slow to Cut Lending to Fossil-Fuel Sector: Report

2021-02-01 | Bloomberg
blog
external news
our news

Scandinavian banks poured $67 billion into the fossil fuel industry since Paris

New report finds ongoing finance for coal, oil and gas companies, with little commitments to phase-out from fossil fuels
2021-02-01 | Nijmegen, Copenhagen, Oslo, Stockholm | BankTrack, ActionAid Denmark, Fair Finance Guide Norway, Fair Finance Guide Sweden, Oxfam IBIS, Profundo
blog
external news
our news

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Pobladores/as se toman terrenos de Forestal Arauco en Laraquete

2020-03-12 | Resumen.cl
blog
external news
our news

Norwegian police probe bank DNB over Namibia fisheries scandal

2019-11-28 | Oslo | Reuters
blog
external news
our news

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
blog
external news
our news

Standing Against the Banks: DAPL Divestment and Water Protectors' Fight for Justice, Indigenous Rights, Water and Life

2017-07-05 | EcoWatch
blog
external news
our news

New report linking Nordic banks and government pension funds to Indonesia’s palm oil deforestation

Nordic investments to Asian banks support rapacious palm oil producers with financing that impedes push for sustainability
2017-05-30 | Oslo, Norway | Fair Finance Guide Norway, Fair Finance Guide Sweden, Rainforest Foundation Norway
blog
external news
our news

Norway's biggest bank may reconsider Dakota Access funding

Bank reported to have financed about 10 per cent of pipeline project
2016-11-08 | CBC News
blog
external news
our news

Bank DNB says considering pulling financing on N. Dakota pipeline

2016-11-07 | Reuters
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Top financial institutions invest over US$43 billion in producers of cluster bombs

Activists call on governments and financial institutions to stop explosive investments
2010-04-14 | Geneva, Switzerland | Netwerk Vlaanderen/ IKV PaxChristi
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Ex-Im bank undermines U.S. credibility at Copenhagen with $3 billion in financing for ExxonMobil

Papua New Guinea LNG Project will increase carbon emissions, deforestation, biodiversity loss, and civil unrest
2009-12-07 | San Francisco | Pacific Environment

Documents

Type:
Year:
our publications

Banking on Thin Ice: Two years in the heat

Exposing Nordic bank finance for fossil fuels
2022-11-22 00:00:00 | BankTrack
annual reports

Annual report 2021

2022-11-15 00:00:00 | DNB
bank documents

Expectations on climate change

2022-09-09 00:00:00 | DNB
bank documents

Second quarterly factbook 2022

2022-09-09 00:00:00 | DNB
annual reports

CSR report 2021

2022-07-05 00:00:00 | DNB
csr policies

Sustainability Group policy

2022-06-30 00:00:00 | DNB
csr policies

Exclusion list (as of June 29 2022)

2022-06-29 00:00:00 | DNB
ngo documents

Investing in troubled waters

The material risks of fish mortality and the use of wild-caught fish in feed for the aquaculture sector
2021-08-24 00:00:00 | Feedback, Changing Markets Foundation, CFFA, and WSRW
annual reports

Annual report 2020

2021-06-08 00:00:00 | DNB
our publications

Banking on Thin Ice

Exposing Scandinavian Bank Finance for Fossil Fuels
2021-02-01 00:00:00 | BankTrack, Fair Finance Guide Norway, Fair Finance Guide Sweden, Oxfam IBIS, ActionAid Denmark
csr policies

Socially responsible investment

Date listed represents date as accessed on website
2020-12-01 00:00:00 | DNB
our publications

"Trust Us, We're Equator Banks": Part II

2020-11-24 00:00:00 | BankTrack
annual reports

Annual report 2019

2020-07-01 00:00:00 | DNB
annual reports

CSR report 2019

2020-07-01 00:00:00 | DNB
csr policies

Standard for responsible investments

2020-01-27 00:00:00 | DNB
csr policies

Code of Conduct

2019-12-01 00:00:00 | DNB
csr policies

Responsible investment - human rights

2019-09-30 00:00:00 | DNB
csr policies

Responsible investment - serious environmental harm

2019-09-30 00:00:00 | DNB
csr policies

Group Standard for Corporate Social Responsibility in DNB ASA's credit activities

2019-06-13 00:00:00 | DNB
ngo documents

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
2019-05-21 00:00:00 | Europe Beyond Coal
annual reports

Integrated Annual Report 2018

2018-12-31 00:00:00 | DNB
annual reports

Sustainability Factbook 2018

2018-12-31 00:00:00 | DNB
csr policies

CSR-ESG sector guidance - plastic packaging

2018-12-31 00:00:00 | DNB
csr policies

Responsible investment - anti-corruption

2018-12-31 00:00:00 | DNB
bank documents

Carbon accounting report 2018

2018-12-31 00:00:00 | DNB
csr policies

Responsible investment - climate change

2018-11-30 00:00:00 | DNB
annual reports

Integrated Annual Report 2017

2018-03-31 00:00:00 | DNB
csr policies

Group Standard for Corporate Social Responsibility in DNB Group's credit activities

2018-02-26 00:00:00 | DNB
csr policies

DNB Code for responsible business conduct for suppliers

2018-01-31 00:00:00 | DNB
csr policies

Principles for corporate responsibility

2017-11-07 00:00:00 | DNB
correspondence

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

2017-06-06 00:00:00 | Rainforest Action Network et al
ngo documents

Nordic investments in banks financing Indonesian palm oil

2017-05-30 00:00:00 | Rainforest Foundation Norway, FFG Sweden and FFG Norway
annual reports

Annual integrated report 2016

2017-03-31 00:00:00 | DNB
csr policies

CSR-ESG sector guidance - metals and mining

2016-12-31 00:00:00 | DNB
csr policies

CSR-ESG sector guidance - seafood

2016-12-31 00:00:00 | DNB
csr policies

CSR-ESG sector guidance - forest industries

2016-12-31 00:00:00 | DNB
csr policies

CSR-ESG sector guidance - arms and defence

2016-12-31 00:00:00 | DNB
correspondence

Letter from DNB to BankTrack on Dakota Access Pipeline

2016-12-07 00:00:00 | DNB
correspondence

Letter from 500 organisations to DnB on financing DAPL

2016-11-30 00:00:00 | 500 organisations
csr policies

CSR-ESG sector guidance energy

2016-08-31 00:00:00 | DNB
csr policies

CSR-ESG risk assessment tool

2016-08-29 00:00:00 | DNB
annual reports

Annual Report 2015

CSR report included
2016-06-14 00:00:00 | DNB
csr policies

Group guideline - Ethical investments

2016-01-25 00:00:00 | DnB Group
annual reports

Annual Report 2014

2015-04-22 00:00:00 | DNB
annual reports

Corporate Social Responsibility Report 2014

2015-04-09 00:00:00 | DNB
annual reports

Sustainability Report 2013

2014-01-01 00:00:00 | DNB
annual reports

Annual Report 2013

2014-01-01 00:00:00 | DNB
csr policies

DNB Code of Responsible Business Conduct for Suppliers

2013-11-21 00:00:00 | DNB
ngo documents

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
correspondence

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
ngo documents

Summary Table 'Hall of Fame and runners-up'

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
other documents

Climate policy declaration

2008-09-01 00:00:00 | Confederation of Norwegian Enterprise (NHO)

Links

Company Exclusions

DNB website: "Companies breaching DNB's ethical investment guidelines which show no willingness to rectify the situation may be excluded from the investment universe."

https://www.dnb.no/en/about-us/exclusions.html

Sustainability library DNB

https://www.dnb.no/en/about-us/csr/sustainability-library.html?la=EN&site=DNB_NO

Policies

Voluntary standards

DNB has committed itself to the following voluntary standards:

Investment policies

DNB's webpage on corporate social responsibility can be accessed here.

Year:
csr policies

Sustainability Group policy

2022-06-30 00:00:00 | DNB
csr policies

Exclusion list (as of June 29 2022)

2022-06-29 00:00:00 | DNB
csr policies

Socially responsible investment

Date listed represents date as accessed on website
2020-12-01 00:00:00 | DNB
csr policies

Standard for responsible investments

2020-01-27 00:00:00 | DNB
csr policies

Code of Conduct

2019-12-01 00:00:00 | DNB
csr policies

Responsible investment - human rights

2019-09-30 00:00:00 | DNB
csr policies

Responsible investment - serious environmental harm

2019-09-30 00:00:00 | DNB
csr policies

Group Standard for Corporate Social Responsibility in DNB ASA's credit activities

2019-06-13 00:00:00 | DNB
csr policies

CSR-ESG sector guidance - plastic packaging

2018-12-31 00:00:00 | DNB
csr policies

Responsible investment - anti-corruption

2018-12-31 00:00:00 | DNB
csr policies

Responsible investment - climate change

2018-11-30 00:00:00 | DNB
csr policies

Group Standard for Corporate Social Responsibility in DNB Group's credit activities

2018-02-26 00:00:00 | DNB
csr policies

DNB Code for responsible business conduct for suppliers

2018-01-31 00:00:00 | DNB
csr policies

Principles for corporate responsibility

2017-11-07 00:00:00 | DNB
csr policies

CSR-ESG sector guidance - metals and mining

2016-12-31 00:00:00 | DNB
csr policies

CSR-ESG sector guidance - seafood

2016-12-31 00:00:00 | DNB
csr policies

CSR-ESG sector guidance - forest industries

2016-12-31 00:00:00 | DNB
csr policies

CSR-ESG sector guidance - arms and defence

2016-12-31 00:00:00 | DNB
csr policies

CSR-ESG sector guidance energy

2016-08-31 00:00:00 | DNB
csr policies

CSR-ESG risk assessment tool

2016-08-29 00:00:00 | DNB
csr policies

Group guideline - Ethical investments

2016-01-25 00:00:00 | DnB Group
csr policies

DNB Code of Responsible Business Conduct for Suppliers

2013-11-21 00:00:00 | DNB

Equator Principles

Implementation and reporting

DNB is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

active

Trans Mountain Pipeline Expansion project (TMEP) Canada

Pipeline Transportation of Crude Oil
on record

Liquified Natural Gas (LNG) project Papua New Guinea

LNG Terminal
on record

Wink to Webster Pipeline United States

Pipeline Transportation of Crude Oil

Good moves

Year:

2017

Six banks step away from Dakota Access Pipeline (DAPL) and backers

In February 2017, ABN AMRO, ING, BayernLB and Nordea all announced they would step away from financing either the project or its backers. In March, ING became the first bank to sell its portion of a project loan supporting the pipeline. This was followed by DNB and by BNP Paribas selling…

2016

DNB sells stakes in companies involved in Dakota Access Pipeline over indigenous rights concerns

Norway's biggest bank announced in November 2016 that it has sold its stakes in companies that are involved in the construction of the Dakota Access Pipeline. DNB’s holdings were worth around $3 million (26 million kroner). Additionally, DNB is reconsidering three separate loans it has made to help finance…