Nykredit to divest more than 60 fossil fuel companies

As part of its climate plan, Nykredit will additionally block new loans to oil, gas and coal companies.

The world will move away from fossil fuels. Therefore, Nykredit needs to take responsibility in this movement, according to Jens Theil, head of sustainability at Denmark’s largest mortgage banking group. | Photo: Magnus Holm

In the future, it will not be possible to borrow money from Denmark’s largest mortgage banking group, Nykredit, for activities that contribute to the production of fossil fuels, the group announces in a Danish press release, which also states that the bank will divest more than 60 oil, gas and coal companies.

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Nykredit to divest more than 60 fossil fuel companies

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Danske Bank finances fossil fuel companies on its own blacklist

Oil deal triggers divestment alert from Nordic pension investor

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Sign up for our newsletter

Front page now

Nicolai Tangen is a huge fan of the Women in Finance Charter but stresses that promotions must be fair

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Further reading

Swedish asset manager kicks off new fund with leading Nordic institution

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

BankInvest to optimize investment processes with new hire

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

Nordics show clear appetite for new asset classes, BlackRock survey reveals

Communications consultant: Möger will have a hard time restoring his damaged legacy

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