Jyske Bank Sustainability Profile
Jyske Bank, one of Denmark's leading financial institutions, is headquartered in Silkeborg, DK. Founded in 1967, the bank has established a strong presence across the Danish financial landscape, offering a comprehensive range of services including personal banking, corporate finance, and investment solutions. With a commitment to customer-centric banking, Jyske Bank distinguishes itself through innovative digital services and tailored financial advice. The bank has achieved notable milestones, including its recognition as a top player in sustainable banking practices. Jyske Bank's robust market position is underscored by its extensive network of branches and a strong emphasis on responsible banking, making it a trusted choice for individuals and businesses alike in Denmark and beyond.
DitchCarbon Score
How does Jyske 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.
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
Jyske Bank's score of 60 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Jyske Bank's reported carbon emissions
In 2023, Jyske Bank reported total carbon emissions of approximately 2,007,620,000 kg CO2e, with emissions distributed across all three scopes. Specifically, Scope 1 emissions were about 639,000 kg CO2e, comprising 321,000 kg CO2e from mobile combustion and 318,000 kg CO2e from stationary combustion. Scope 2 emissions totalled approximately 358,000 kg CO2e, while Scope 3 emissions were significantly higher at around 2,007,620,000 kg CO2e, primarily driven by investments (1,710,273,000 kg CO2e) and employee commuting (3,361,000 kg CO2e). Jyske Bank has set ambitious climate commitments, aiming for a 50.4% reduction in absolute Scope 1 and 2 greenhouse gas emissions by FY2032, using FY2022 as the base year. Additionally, the bank has committed that 72.5% of its suppliers, based on emissions from purchased goods and services, will have science-based targets by FY2028. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global goal of limiting temperature rise to 1.5°C. Overall, Jyske Bank's emissions data and reduction targets reflect a proactive approach to addressing climate change, with a clear focus on both operational and supply chain emissions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 703,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 672,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 3,264,000 | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Jyske Bank's Industry?
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Jyske Bank's Scope 3 Categories Breakdown
Jyske Bank's Scope 3 emissions, which increased by 9% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 85% of Scope 3 emissions.
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Jyske Bank'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.
Jyske Bank 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.
