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Nykredit BankDenmark
Active
This profile is actively maintained
Last update: 2024-10-21 17:12:54
Nykredit Bank's head office in Kopenhagen. Photo: RL0919 via Wikimedia (CC BY SA 4.0)
Active
This profile is actively maintained
Last update: 2024-10-21 17:12:54
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About
| Website | https://www.nykredit.com/en-gb/ |
| Headquarters |
Kalvebod Brygge 1-3
1780 København V
Denmark
|
| CEO/chair |
Michael Rasmussen CEO |
| Supervisor | |
| Ownership |
listed on Nasdaq Copenhagen
Forenet Kredit (an association of customers) is majority shareholder of Nykredit with 78.9% ownership. Kykredit's 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. Nykredit Bank provides retail, private, corporate and investment banking products and services in both Denmark and internationally.
Sustainability
Commitments
Policies
Voluntary standards
NYkredit Bank's most important sustainability commitments can be found at the website sections listed below.
Nykredit Bank has committed itself to the following voluntary standards:
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
News
BankTrack
Partners
Blog
External
Resources
Documents
Links
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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Banks and Climate
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.
Tracking the NZBA
Tracking the Net Zero Banking Alliance
Nykredit Bank is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.
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