Responsible Investing

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
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
by MIKKEL KJÆR

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. 

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading