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Financial Intermediation
SE
updated a day ago

DANSKE BANK

Company website

Danske Bank, officially known as Danske Bank A/S, is a leading financial institution headquartered in Sweden (SE). Established in 1871, the bank has evolved into a prominent player in the Nordic financial services sector, with significant operations across Denmark, Finland, Norway, and the Baltic countries. Specialising in retail banking, corporate banking, and wealth management, Danske Bank offers a diverse range of products and services, including personal loans, mortgages, and investment solutions. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. With a strong market position, Danske Bank has achieved notable milestones, including the introduction of digital banking services that enhance customer experience. The bank continues to focus on sustainable finance, reinforcing its reputation as a responsible financial partner in the region.

DitchCarbon Score

How does DANSKE BANK's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

28

Industry Average

Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

28

Industry Benchmark

DANSKE BANK's score of 28 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.

52%

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DANSKE BANK's reported carbon emissions

In 2023, DANSKE BANK reported total carbon emissions of approximately 9,292,000 kg CO2e, with Scope 1 and 2 emissions accounting for about 1,954,000 kg CO2e. This marks an increase from 2022, where total emissions were about 8,362,000 kg CO2e, with Scope 1 and 2 emissions at approximately 2,307,000 kg CO2e. The bank's emissions have fluctuated over the years, with a notable peak in 2020 at about 10,398,000 kg CO2e and a high of approximately 17,302,000 kg CO2e in 2019. DANSKE BANK has not disclosed specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded any targets from a parent organisation. The absence of detailed Scope 3 emissions data suggests a potential area for improvement in their climate strategy. The bank's emissions intensity in sectors such as steel and cement has been documented, indicating a focus on understanding its operational impact. Overall, while DANSKE BANK has made strides in tracking its emissions, the lack of defined reduction targets and initiatives may hinder its ability to effectively address climate change in the long term.

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20192020202120222023
Scope 1
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Scope 2
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Scope 3
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Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. DANSKE BANK's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for DANSKE BANK is in SE, which has a very low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

DANSKE BANK is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

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