DNBNorway
Created before Nov 2016
Last update: 2018-10-22 16:13:00
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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 and 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 Rune Bjerke
Group Chief Executive
Supervisor
Norges Bank
Annual report Annual integrated report 2017
Ownership
listed on Oslo Stock Exchange & Stockholm Stock Exchange

State-owned (34%) and Public shareholders

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.

Projects - active profiles

Line 3 Pipeline Replacement Project (L3RP) United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
DNB does not provide direct financing for the Line 3 replacement but provides revolving credit for Enbridge.
source: Greenpeace
link

Trans Mountain Pipeline Expansion project (TMEP) Canada profile

oil and gas | transport and infrastructure
Debt – corporate loan
Co financed CAD 14 billion corporate loan to Kinder Morgan including underwriting from January 1, 2014 through May 2017
source: Mazaska Talks
link
There are no active projects for DNB now.

Projects - on record profiles

Great Barrier Reef Coal & Gas Exports Australia profile

oil and gas | transport and infrastructure
Debt – corporate loan
AUD 201 million
5 May 2013
source: link

Liquified Natural Gas (LNG) project Papua New Guinea profile

oil and gas
Debt – project finance
15 December 2009
source: link

Companies - active profiles

Kinder Morgan United States profile

energy distribution | oil and gas | transport and infrastructure
Debt – corporate loan
USD 190 million
19 September 2014
Co-financed USD 5 billion revolving credit facility
source: www.sec.gov
link
There are no active companies for DNB now.

Dodgy Deals map

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News

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Type:
Year:
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:
csr policies

Group standard for responsible investments

2018-07-06 00:00:00 | DNB
csr policies

Group standard for anti-money laundering and counter-terrorist financing

2018-04-27 00:00:00 | DNB
annual reports

Annual integrated 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

Code of conduct

2017-11-01 00:00:00 | DNB
ngo documents

Problematic pipelines: Investor risk from bank financing of tar sands pipelines

2017-09-20 00:00:00 | Greenpeace
csr policies

Responsible investment - human rights

2017-09-20 00:00:00 | DNB
csr policies

Responsible investment - serious environmental harm

2017-09-01 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
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
bank documents

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
bank documents

Group Guidelines for Ethics

2011-10-03 00:00:00 | DnB
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 | NHO
bank documents

Code of Conduct

2007-10-31 00:00:00 | DnB NOR
bank documents

Group guidelines for external gifts - approving

2005-02-23 00:00:00

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

Policies

Voluntary initiatives

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

Group standard for responsible investments

2018-07-06 00:00:00 | DNB
csr policies

Group standard for anti-money laundering and counter-terrorist financing

2018-04-27 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

Code of conduct

2017-11-01 00:00:00 | DNB
csr policies

Responsible investment - human rights

2017-09-20 00:00:00 | DNB
csr policies

Responsible investment - serious environmental harm

2017-09-01 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

Group guideline - Ethical investments

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

Issues

DNB and the Equator Principles

The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.

The Equator Principles exist already since 2003. DNB adopted the Equator Principles in 2009.

Reporting on the Equator Principles

DNB must report annually on its implementation of the Equator Principles. All information is supposed to be found here.

Dodgy Deals

DNB is involved in financing the following Equator Principles projects that BankTrack considers controversial.

Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure
On record

Liquified Natural Gas (LNG) project Papua New Guinea

oil and gas

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

oil and gas | transport and infrastructure
On record

Liquified Natural Gas (LNG) project Papua New Guinea

oil and gas

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…