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2023-09-18 00:00:00
New report and blog: Barclays' bond with Adani
2023-08-23 00:00:00
Decarbonization: steel not making the cut
2023-07-27 00:00:00
Two months ago 62 organizations and 3 Goldman Environmental Prize winners wrote an Open Letter to the TNFD: No one responded
2023-07-13 00:00:00
The Sustainable Steel Principles: One step forward when leaps are needed
2023-09-15 17:34:10
The number of major banks refusing to support EACOP reaches 24
2023-07-31 14:30:01
Equator Principles recognise projects’ risk to climate for the first time
2023-05-17 14:30:30
EACOP Financial Advisor SMBC is no longer involved with the project
2023-03-28 13:43:00
French bank Société Générale withdraws from Rio Grande LNG
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2023-09-18 00:00:00
Barclays' bond with Adani
2023-06-26 00:00:00
How should financiers align with the Global Biodiversity Framework? Five Key Principles
2023-04-13 00:00:00
Banking on Climate Chaos 2023
2023-04-12 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 4
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Home › Banks ›
Bank
Nykredit BankDenmark

Active

This profile is actively maintained
Last update: 2022-11-08 00:00:00
Nykredit Bank's head office in Kopenhagen. Photo: RL0919 via Wikimedia (CC BY SA 4.0)

Active

This profile is actively maintained
Last update: 2022-11-08 00:00:00
About
Website https://www.nykredit.com/en-gb/
Headquarters
Kalvebod Brygge 1-3
1780 København V
Denmark
CEO/chair Michael Rasmussen
CEO
Supervisor
Danish FSA
Ownership
listed on Nasdaq Copenhagen

Forenet Kredit is majority shareholder of Nykredit with 78.9% ownership. The complete shareholder structure can be found here.

Nykredit is a large financial services provider in Denmark. Nykredit was created in 1985 when Forenede Kreditforeninger and Jyllands Kreditforening merged. Its subsidiary, Nykredit Realkredit, is the parent company of, amongst others, its banking arm: Nykredit Bank. The bank provides retail, private, corporate and investment banking products and services in both Denmark and internationally.

Sustainability
Policies
Voluntary standards

Nykredit Bank's web page on corporate social responsibility can be accessed here.

2021-11-30 00:00:00

Climate, energy and environmental policy

Bank policy
2021-11-30 00:00:00 | Nykredit Bank
2021-11-30 00:00:00

Corporate responsibility policy

Bank policy
2021-11-30 00:00:00 | Nykredit Bank
2021-03-16 00:00:00

Sustainable investment policy

Bank policy
2021-03-16 00:00:00 | Nykredit Bank
2017-08-24 00:00:00

Code of conduct for suppliers and subsuppliers

Bank policy
2017-08-24 00:00:00 | Nykredit
Nykredit Bank has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Global Reporting InitiativeTags: sustainable development | human rights
OECD Guidelines for Multinational EnterprisesTags: human rights | corporate social responsibility | dams | OECD | consumer safety | corruption | cultural preservation | worker rights | supply chain | taxation | mining and processing
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

Nykredit 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 Nykredit Bank's link to these deals.

Projects / Companies
Finance type
Year
Campaigns

Banks and Climate

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 Nykredit Bank's fossil fuel policy below.

Assessment of Nykredit in the Coal Policy Tool

Assessment of Nykredit in the Oil and Gas Policy Tracker

News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Policy analysis report: Moving away from mass destruction

2023-07-27 | ICAN, PAX
BankTrack news BankTrack blog Partner news Partner blog

Financing fossil fuel majors in line with net-zero strategy, say Nordic banks

BankTrack quoted
2022-12-12 | S&P Global
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

DNB, SEB and Nordea among biggest Scandinavian fossil fuel lenders

BankTrack quoted
2021-02-02 | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
Resources
Documents
Links
2022-11-22 00:00:00

Banking on Thin Ice: Two years in the heat

Exposing Nordic bank finance for fossil fuels
BankTrack publication
2022-11-22 00:00:00 | BankTrack
2022-07-05 00:00:00

Annual report 2021

Annual report
2022-07-05 00:00:00 | Nykredit Bank
2022-07-05 00:00:00

CSR report 2021

Annual report
2022-07-05 00:00:00 | Nykredit Bank
2021-11-30 00:00:00

Climate, energy and environmental policy

Bank policy
2021-11-30 00:00:00 | Nykredit Bank
2021-11-30 00:00:00

Corporate responsibility policy

Bank policy
2021-11-30 00:00:00 | Nykredit Bank
2021-06-14 00:00:00

CSR Report 2020

Annual report
2021-06-14 00:00:00 | Nykredit Bank
2021-06-08 00:00:00

Annual report 2020

Annual report
2021-06-08 00:00:00 | Nykredit Bank
2021-03-16 00:00:00

Sustainable investment policy

Bank policy
2021-03-16 00:00:00 | Nykredit Bank
2021-02-01 00:00:00

Banking on Thin Ice

Exposing Scandinavian Bank Finance for Fossil Fuels
BankTrack publication
2021-02-01 00:00:00 | BankTrack, Fair Finance Guide Norway, Fair Finance Guide Sweden, Oxfam IBIS, ActionAid Denmark
2020-07-01 00:00:00

Annual report 2019

Annual report
2020-07-01 00:00:00 | Nykredit Bank
2020-07-01 00:00:00

CSR report 2019

Annual report
2020-07-01 00:00:00 | Nykredit Bank
2019-11-05 00:00:00

ESG factsheet

Bank document
2019-11-05 00:00:00 | Nykredit
2019-02-05 00:00:00

Annual report 2018

Annual report
2019-02-05 00:00:00 | Nykredit
2019-02-05 00:00:00

CSR report 2018

Annual report
2019-02-05 00:00:00 | Nykredit
2017-08-24 00:00:00

Code of conduct for suppliers and subsuppliers

Bank policy
2017-08-24 00:00:00 | Nykredit
2015-11-05 00:00:00

Undermining our future

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

Corporate responsibility page

Accountability
Grievances

Nykredit Bank does not operate a complaints channel for individuals and communities that may be adversely affected by its finance.

This page evaluates Nykredit 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".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Our projects
Tracking the NZBA End Coal Finance Banks and Putin's war in Ukraine Banks and steel Tracking the Equator Principles Tracking the PRBs Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
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