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SydbankDenmark

Active

This profile is actively maintained
Last update: 2024-10-04 11:39:51
Sydbank's head office. Photo: Sydbank via Wikipedia (CC BY SA 3.0)

Active

This profile is actively maintained
Last update: 2024-10-04 11:39:51
Bank info
BankTrack campaigns
All
About
Website https://www.sydbank.com/
Headquarters
Peberlyk 4
DK-6200 Aabenraa
Denmark
CEO/chair Mark Luscombe
CEO
Supervisor
Danish FSA
Ownership
listed on Nasdaq Copenhagen

Sydbank's complete shareholder structure can be accessed here.

Subsidiaries
Sydbank Schweiz AG – Switzerland

Sydbank is one of the largest commercial banks in Denmark. Sydbank was established in 1970 as a result of the merger between four local banks in Southern Jutland. Its activities include retail banking, corporate banking as well as investment and private banking services. The bank's branches are mostly located in Denmark, but it also has three offices in the northern part of Germany.

Sustainability
Commitments
Policies
Voluntary standards

Sydbank's most important sustainability commitments can be found at the website sections listed below.

Links

ESG and sustainability

2023-01-01 00:00:00

Principal adverse sustainability impacts statement

Bank policy
2023-01-01 00:00:00 | Sydbank
2022-12-15 00:00:00

ESG and sustainability policy

Bank policy
2022-12-15 00:00:00 | Sydbank
2022-06-28 00:00:00

Responsible Investment and Active Ownership Policy

Bank policy
2022-06-28 00:00:00 | Sydbank
2022-06-28 00:00:00

Stakeholder policy

Bank policy
2022-06-28 00:00:00 | Sydbank
2021-04-27 00:00:00

CSR policy

Bank policy
2021-04-27 00:00:00 | Sydbank
2019-03-26 00:00:00

Policy for prevention of money laundering, terrorist financing and sanction breaches

Bank policy
2019-03-26 00:00:00 | Sydbank
2018-12-31 00:00:00

Code of conduct 2018

Bank policy
2018-12-31 00:00:00 | Sydbank
Sydbank has committed itself to the following voluntary standards:
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

Sydbank 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 Sydbank's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
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
2024-05-07 00:00:00

Annual report 2023

Annual report
2024-05-07 00:00:00 | Sydbank
2023-06-12 00:00:00

Annual report 2022

Annual report
2023-06-12 00:00:00 | Sydbank
2023-01-01 00:00:00

Principal adverse sustainability impacts statement

Bank policy
2023-01-01 00:00:00 | Sydbank
2022-12-15 00:00:00

ESG and sustainability policy

Bank policy
2022-12-15 00:00:00 | Sydbank
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
2022-06-28 00:00:00

Responsible Investment and Active Ownership Policy

Bank policy
2022-06-28 00:00:00 | Sydbank
2022-06-28 00:00:00

Stakeholder policy

Bank policy
2022-06-28 00:00:00 | Sydbank
2022-06-07 00:00:00

Annual report 2021

Annual report
2022-06-07 00:00:00 | Sydbank
2022-06-07 00:00:00

CSR report 2021

Annual report
2022-06-07 00:00:00 | Sydbank
2021-07-12 00:00:00

CSR Report 2020

Annual report
2021-07-12 00:00:00 | Sydbank
2021-07-05 00:00:00

Annual report 2020

Annual report
2021-07-05 00:00:00 | Sydbank
2021-04-27 00:00:00

CSR policy

Bank policy
2021-04-27 00:00:00 | Sydbank
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 | Sydbank
2020-07-01 00:00:00

CSR report 2019

Annual report
2020-07-01 00:00:00 | Sydbank
2019-03-26 00:00:00

Policy for prevention of money laundering, terrorist financing and sanction breaches

Bank policy
2019-03-26 00:00:00 | Sydbank
2018-12-31 00:00:00

CSR report 2018

Annual report
2018-12-31 00:00:00 | Sydbank
2018-12-31 00:00:00

Annual report 2018

Annual report
2018-12-31 00:00:00 | Sydbank
2018-12-31 00:00:00

Code of conduct 2018

Bank policy
2018-12-31 00:00:00 | Sydbank
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

Sydbank's CSR webpage

Accountability
Grievances

Sydbank operates a Whistleblowerportal through which people can report conditions that have resulted in significant personal, property or environmental damage.

This page evaluates Sydbank'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 Sydbank's fossil fuel policy below.

Assessment of Sydbank in the Coal Policy Tool

Assessment of Sydbank in the Oil and Gas Policy Tracker

Good Moves

Good moves

Year:
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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
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