DNB's head office in Oslo, Norway. Photo: Google Earth/StreetviewDNB, 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 | |
| Annual reports |
Annual report 2019 CSR report 2019 |
| 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. |
A bank can obtain a total of 200 policy points for its overall fossil fuel policies; 120 possible points for oil and gas policies and 80 possible points for coal policies. Based on this score banks are then classified as laggards (0-50 points), followers (50.5-100 points), front runners (100.5-150 points) or leaders (150.5-200 points).
For each of the six subsectors, 20 possible policy points can be obtained, so a bank can obtain a total of 120 policy points for its oil and gas policies. Based on this score banks are then classified as laggards (0-30 points), followers (30.5-60 points), front runners (60.5-90 points) or leaders (90.5-120 points).
For both coal mining and coal power, 32 possible policy points can be obtained, while for other coal,16 possible policy points can be obtained. So a bank can obtain a total of 80 policy points for its coal policies. Based on this score banks are then classified as laggards (0-20 points), followers (20.5-40 points), front runners (40.5-60 points) or leaders (60.5-80 points).
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for coal mining projects.
2) Restriction on financing for companies that expand coal mining.
3) The bank’s commitment to phase-out financing for coal mining.
4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.
A bank can obtain a total of 32 policy points for its coal mining policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for coal power projects.
2) Restriction on financing for companies that expand coal power.
3) The bank’s commitment to phase-out financing for coal power.
4) The bank’s commitment to exclude companies active in coal power above a certain threshold.
A bank can obtain a total of 32 policy points for its coal power policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).
DNB is reporting on the implementation here.
