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2023-03-17 00:00:00
Briefing: The role of financial institutions in decarbonising the steel sector
2023-03-09 00:00:00
Dutch bank ING supports controversial pipeline to import gas from authoritarian Azerbaijan
2023-02-23 00:00:00
Financial institutions need to address steelmaking’s coal addiction
2023-02-07 00:00:00
What COP15 means for banks: meeting the Global Biodiversity Framework requires protecting Indigenous rights and divesting from harmful industries
2023-03-28 13:43:00
French bank Société Générale withdraws from Rio Grande LNG
2023-03-20 08:50:41
Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?
2023-03-14 14:59:00
New ING policy could spark bank shift away from financing oil and gas infrastructure
2023-02-24 13:46:14
Pego power station conversion plans halted
Connect
2022-11-22 00:00:00
Banking on Thin Ice: Two years in the heat
2022-11-17 00:00:00
BankTrack Global Human Rights Benchmark 2022
2022-10-21 00:00:00
Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance
2022-06-28 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
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Home › Banks ›
Bank
SydbankDenmark

Active

This profile is actively maintained
Last update: 2022-11-07 00:00:00
Sydbank's head office. Photo: Sydbank via Wikipedia (CC BY SA 3.0)

Active

This profile is actively maintained
Last update: 2022-11-07 00:00:00
About
Website https://www.sydbank.com/
Headquarters
Peberlyk 4
DK-6200 Aabenraa
Denmark
CEO/chair Karen Frøsig
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
Policies
Voluntary standards

Sydbank's webpage on corporate social responsibility can be accessed here.

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: 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

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.

Campaigns

Banks and Climate

Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in the Coal Policy Tracker and Oil and Gas Policy Tool. Find further details on their assessment of Sydbank's fossil fuel policy below.

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 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
2022-06-28 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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Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
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