BANKS DODGY DEALS CAMPAIGNS
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate
Banks and Human Rights
Banks and Nature
Our projects
Tracking the NZBA
Banks and Russia
Banks and Steel
Tracking the Equator Principles
Tracking the PRBs
Find a Better Bank
Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Visit us
Successes Contact BankTrack
Donate Mailing list Facebook Twitter Linkedin Login
Home › Banks ›
Bank
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
Bank info
BankTrack campaigns
All
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 (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.

Links

Corporate responsibility

Policies

2024-01-31 00:00:00

Sustainable Investment Policy

Bank policy
2024-01-31 00:00:00 | Nykredit
2023-12-31 00:00:00

Corporate Responsibility Policy

Bank policy
2023-12-31 00:00:00 | Nykredit
2023-09-18 00:00:00

Fossil Fuels Policy

Bank policy
2023-09-18 00:00:00 | Nykredit
2022-09-30 00:00:00

Climate, Energy and Environmental Policy

Bank policy
2022-09-30 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
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: consumer safety | corporate social responsibility | corruption | cultural preservation | dams | human rights | mining and processing | OECD | supply chain | taxation | worker rights
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
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘Net Zero banks’ turn their back on crucial 1.5ºC climate target

“Overwhelming majority” of Net-Zero Banking Alliance (NZBA) members seeks to loosen obligations on how to reach Paris climate goals.
2025-04-15 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Swedbank stops fossil loans after protests

The new report Banking on Thin Ice 3 shows that SEB, Nordea, and Danske Bank have provided over 60 billion SEK in new loans to fossil fuel companies in the last two years
2025-01-27 | BankTrack, ActionAid Denmark, Coal-free Finland, Fair Finance Guide Sweden, Future is in our hands, Nordic Center for Sustainable Finance, Profundo, Swedish Society for Nature Conservation
BankTrack news BankTrack blog Partner news Partner blog

Nykredit ends fossil fuel lending

2023-09-18 | Nykredit press release
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 mentioned
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 mentioned
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
2024-10-01 00:00:00

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA
2024-07-08 00:00:00

CSR report 2023

Annual report
2024-07-08 00:00:00 | Nykredit
2024-06-11 00:00:00

Annual report 2023

Annual report
2024-06-11 00:00:00 | Nykredit
2024-01-31 00:00:00

Sustainable Investment Policy

Bank policy
2024-01-31 00:00:00 | Nykredit
2023-12-31 00:00:00

Corporate Responsibility Policy

Bank policy
2023-12-31 00:00:00 | Nykredit
2023-09-18 00:00:00

Fossil Fuels Policy

Bank policy
2023-09-18 00:00:00 | Nykredit
2023-07-03 00:00:00

Annual report 2022

Annual report
2023-07-03 00:00:00 | Nykredit
2023-06-12 00:00:00

CSR report 2022

Annual report
2023-06-12 00:00:00 | Nykredit
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
2022-09-30 00:00:00

Climate, Energy and Environmental Policy

Bank policy
2022-09-30 00:00:00 | Nykredit
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
2021-06-14 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
2021-02-01 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

Other 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

Financial Exclusions Tracker

Bank is listed in Financial Exclusions Tracker, which lists companies that have been publically excluded by financial institutions, for reasons ranging from human rights violations to environmental impact and corruption.

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

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 200

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 200
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once


Average

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 209

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 209
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN%
NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 217

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 217
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 220

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 220
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 223

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 223
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN
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.

Assessment of Nykredit in the Coal Policy Tool

Assessment of Nykredit in the Oil and Gas Policy Tracker

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.

Tracking NZBA banks commitments

Good Moves

Good moves

Year:

2025

Swedbank stops fossil loans after protests

After protests from thousands of Swedish bank clients, Swedbank has almost completely stopped new loans to fossil fuel companies. Meanwhile, SEB, Danske Bank, and Nordea have continued to pour over 60 billion SEK into fossil fuel companies, including to upstream companies that explore for more fossil fuel reserves. This…
Send feedback on this profile
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate Banks and Human Rights Banks and Nature
Our projects
Tracking the NZBA Banks and Russia Banks and Steel Tracking the Equator Principles Tracking the PRBs Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Visit us
Successes Contact BankTrack
Vismarkt 15
6511 VJ Nijmegen
The Netherlands
Contact@banktrack.org
Donate Mailing list Facebook Twitter Linkedin
©2023 BankTrack
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted