Danske Bank A Slash S Sustainability Profile
Danske Bank A/S, headquartered in Denmark (DK), is a leading financial institution in Northern Europe, primarily serving the Nordic region. Founded in 1871, the bank has evolved significantly, marking key milestones such as its expansion into international markets and the development of innovative digital banking solutions. Operating in the banking and financial services industry, Danske Bank offers a comprehensive range of products, including personal banking, corporate finance, and investment services. Its commitment to sustainability and customer-centric solutions sets it apart in a competitive landscape. With a strong market position, Danske Bank is recognised for its robust financial performance and dedication to responsible banking practices, making it a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does Danske Bank A Slash S'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.
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.
Industry Benchmark
Danske Bank A Slash S's score of 69 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Danske Bank A Slash S's reported carbon emissions
In 2024, Danske Bank A/S reported total carbon emissions of approximately 10,876,000 kg CO2e. This includes Scope 1 emissions of about 215,000 kg CO2e, Scope 2 emissions of approximately 2,063,000 kg CO2e (market-based), and significant Scope 3 emissions of around 8,598,000 kg CO2e, primarily from business travel (about 7,180,000 kg CO2e) and employee commuting (approximately 1,144,000 kg CO2e). In 2023, the bank's total emissions were about 11,185,000 kg CO2e, with Scope 1 emissions at 201,000 kg CO2e and Scope 2 emissions (market-based) at 1,753,000 kg CO2e. Scope 3 emissions for that year were approximately 9,231,000 kg CO2e. Danske Bank has set ambitious climate commitments, including a target to reduce the weighted average carbon intensity of its investment products by at least 50% by 2030, using 2020 as a baseline. This target applies to both Scope 1 and Scope 2 emissions. Furthermore, the bank is committed to achieving net-zero emissions across all scopes by 2050, as part of its Science Based Targets initiative (SBTi) commitments, which were formalised in 2023. The bank's emissions data is not cascaded from any parent organisation, ensuring that all reported figures are directly attributed to Danske Bank A/S.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,523,000 | 0,000,000 | 000,000 | - | - | - | 000,000 | 000,000 |
| Scope 2 | 5,363,000 | 0,000,000 | 0,000,000 | - | - | - | 0,000,000 | 0,000,000 |
| Scope 3 | 11,203,000 | 00,000,000 | 00,000,000 | - | - | - | 0,000,000 | 0,000,000 |
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Danske Bank A Slash S's Scope 3 Categories Breakdown
Danske Bank A Slash S's Scope 3 emissions, which decreased by 7% last year and decreased by approximately 23% since 2017, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 79% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 84% of Scope 3 emissions.
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Danske Bank A Slash S's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Danske Bank A Slash S has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Danske Bank A Slash S's sustainability data and climate commitments