Despite exclusion, Danske Bank co-finances deal for nuclear arms maker

Danske Bank is actively participating in a major loan agreement with nuclear weapons major Honeywell International, despite the company’s official exclusion from Danske Bank’s investment portfolio.

Erik Eliasson is Head of Responsible Investment at Danske Bank. | Photo: PR/Danske Bank

BY JOACHIM KATTRUP, FREELANCE JOURNALIST

Danske Bank has extended a three-digit million dollar loan to US nuclear arms manufacturer Honeywell International despite having placed the company on its investment exclusion list for ”Involvement in unethical and controversial activities”.

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Despite exclusion, Danske Bank co-finances deal for nuclear arms maker

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Front page now

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Further reading

Danske Bank finances fossil fuel companies on its own blacklist

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BlackRock: High number of US investors plan to increase allocation to green transition

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

Analysis: Can financial groups have double standards on ESG?

ATP on admitting billionaire investors into new venture: Our strategy remains unchanged

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