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Jyske BankDenmark
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Created on: 2019-12-05 16:50:33
Last update: 2020-12-03 12:35:01

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Head office Jyske Bank in Silkeborg, Denmark. Photo: Photo: Google Earth/Streetview

About Jyske Bank

Jyske Bank, the parent company of the Jyske Bank Group, is the third largest bank in Denmark and was founded in 1967. The bank's activities include retail banking, private banking, market and investment banking as well as asset management. Jyske Bank has 98 branches in Denmark and has international offices in Germany.

Website https://www.jyskebank.dk/
Headquarters
Vestergade 8-16
DK-8600 Silkeborg
Denmark
CEO/chair Anders Dam
Managing Director and CEO
Supervisor
Danish FSA
Annual reports Annual report 2019
CSR report 2019
Ownership
listed on Nasdaq Copenhagen

Jyske Bank is owned by approximately 170,000 shareholders.

Subsidiaries
JN Data A/S – Denmark
Jyske Finans – Denmark
Jyske Realkredit A/S – Denmark

Policy Assessments

Banks, climate and energy

Bank policy scores on fossil fuel financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 200

0 points out of 120 for oil and gas policy.

0 points out of 80 for coal policy.

See: Banking on Thin Ice

Explanation

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 more details see this page.

Bank policy scores on fossil fuel expansion

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 89

See: Banking on Thin Ice

Explanation

The scores for a bank's policies restricting expansion of fossil fuels - in each area, prohibitions against financing projects and/or companies expanding that area - are aggregated into a fossil fuel expansion policy score.

The point-based policy ranking for fossil fuel expansion consists of the following distribution:

  • Coal mining: 14 points​
  • Coal power: 14 points
  • Other coal: 7 points
  • Tar sands: 9 points
  • Arctic oil and gas: 9 points
  • Offshore oil and gas: 9 points
  • Fracked oil and gas: 9 points
  • LNG: 9 points
  • Other oil and gas: 9 points

A bank can obtain a total of 89 policy points for its fossil fuel expansion policy. Based on this score, banks are then classified as laggards (0-22.25 points), followers (22.25-44.5 points), front runners (44.5-66.75 points) or leaders (66.75-89 points).

For more details see this page.

Bank policy scores on oil and gas financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 120

See: Banking on Thin Ice

Explanation

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 more details see this page.

Bank policy scores on tar sands

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 20

See: Banking on Thin Ice

Explanation

The point-based policy ranking above assesses bank policies in four ways:

 1) Restriction on direct financing for tar sands projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand tar sands.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for tar sands.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its tar sands policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points). 

For more details see this page.

Bank policy scores on Arctic oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 20

See: Banking on Thin Ice

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for Arctic oil and gas projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand Arctic oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for Arctic oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in Arctic oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its Arctic oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on offshore oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 20

See: Banking on Thin Ice

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for offshore oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand offshore oil and gas.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for offshore oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in offshore oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its offshore oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on fracked oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 20

See: Banking on Thin Ice

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for fracked oil and gas projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand oil and gas fracking.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for oil and gas fracking.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in oil and gas fracking above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its fracking policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on LNG

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 20

See: Banking on Thin Ice

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for LNG projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand LNG.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for LNG.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in LNG above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its LNG policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on other/conventional oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 20

See: Banking on Thin Ice

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for other/conventional oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand other/conventional oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for other/conventional oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in other/conventional oil and gas above a certain threshold.

  • None (0), enhanced due diligence/Equator Principles commitment (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its other/conventional oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on coal financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 80

See: Banking on Thin Ice

Explanation

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).

For more details see this page.

Bank policy scores on coal mining

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 32

See: Banking on Thin Ice

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal mining projects.

  • None (0), mountaintop removal mining exclusion (0.5), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal mining.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal mining.

  • None (0), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

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).

For more details see this page.

Bank policy scores on coal power

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 32

See: Banking on Thin Ice

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal power projects.

  • None (0), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal power.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal power.

  • None (0), proportional reduction (1), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal power above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

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).

For more details see this page.

Bank policy scores on coal infrastructure

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Jyske Bank
2021-02-01
DNK
0
1000000000
0
Denmark
Profile
Laggard
0
Follower
Front runner
Leader
1612134000
Last update: 2021-02-01
Explanation

Total: 0 points out of 16

See: Banking on Thin Ice

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal infrastructure projects.

  • None (0), weak exclusion (1), strong exclusion (3)

2) Restriction on financing for companies that expand coal infrastructure.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for coal infrastructure.

  • None (0), exposure reduction (1), weak phase-out (2), strong phase-out (4)

4) The bank’s commitment to exclude companies active in coal infrastructure above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (4), full exclusion (5)

A bank can obtain a total of 16 policy points for its coal infrastructure policy. Based on this score banks are then classified as laggards (0-4 points), followers (4.5-8 points), front runners (8.5-12 points) or leaders (12.5-16 points)

For more details see this page.

News

| |
Type:
Year:
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

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
blog
external news
our news

Danish lender Jyske to sell Gibraltar unit

2019-06-14 | S&P Global
blog
external news
our news

Jyske Bank endorses UN Principles for Responsible Banking

2019-04-25 | Silkeborg | Jyske Bank
blog
external news
our news

Jyske Bank eyes sale of Gibraltar unit over Brexit concerns

2019-01-17 | S&P Global
blog
external news
our news

Danish banks now offer Fossil Free investment funds

2016-10-12 | Fossil Free Europe

Documents

Type:
Year:
our publications
2021-02-01 00:00:00

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

Annual report 2019

2020-07-01 00:00:00 | Jyske Bank
annual reports
2020-07-01 00:00:00

CSR report 2019

2020-07-01 00:00:00 | Jyske Bank
csr policies
2020-07-01 00:00:00

CSR report 2019, including csr policies

2020-07-01 00:00:00 | Jyske Bank
csr policies
2019-12-09 00:00:00

Extract of policy on prevention of money laundering and financing of terrorism

Date listed represents date as accessed on website
2019-12-09 00:00:00 | Jyske Bank
annual reports
2019-02-26 00:00:00

CSR report 2018

2019-02-26 00:00:00 | Jyske Bank
annual reports
2018-12-31 00:00:00

Annual report 2018

2018-12-31 00:00:00 | Jyske Bank
bank documents
2018-12-31 00:00:00

Climate Change 2018 CDP Score Report

2018-12-31 00:00:00 | CDP
our publications
2015-11-05 00:00:00

Undermining our future

Bank financing for fossil fuel and renewable energy
2015-11-05 00:00:00 | Fair Finance Guide and BankTrack

Links

Jyske Bank's ESG data

https://investor.jyskebank.com/investorrelations/governance/esg-data

Policies

Voluntary initiatives

Jyske Bank has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • International Labour Organization Declaration on Fundamental Principles and Rights at Work
  • OECD Common Reporting Standard (CRS)
  • Principles for Responsible Banking (PRB)
  • Principles for Responsible Investment (PRI)
  • UNEP Finance Initiative
  • United Nations Global Compact
  • Universal Declaration of Human Rights

Investment policies

See Jyske Bank's webpage on ESG issues and sustainability here.

Year:
csr policies
2020-07-01 00:00:00

CSR report 2019, including csr policies

2020-07-01 00:00:00 | Jyske Bank
csr policies
2019-12-09 00:00:00

Extract of policy on prevention of money laundering and financing of terrorism

Date listed represents date as accessed on website
2019-12-09 00:00:00 | Jyske Bank

Good moves

Year:
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