Denmark's largest bank divests from fossil fuel expansionists
Danske Bank will divest from 1730 out of 1900 fossil fuel companies. That is the direct consequence of the bank’s new fossil fuel policy, which sets strict exclusion criteria on upstream oil and gas expansion for its asset management and pension fund. Danske Bank is Denmark’s largest and among the world’s largest 60 banks. The new fossil fuel policy will make Danske Bank one of the international climate leaders in the financial sector, setting an example for other banks and pensions fund to follow.
Exposing the institutions that are bankrolling the fossil industry
The Nordic Center for Sustainable Finance works to phase out all finance to fossil fuels.
Focusing on Nordic banks, pension funds and public finance, we uncover and expose fossil fuel investments and offer advice on how to develop and implement oil, gas and coal exclusion policies.