Fund Management

Analysis: Can financial groups have double standards on ESG?

Should bankers and asset managers play by the same ESG rules? And do they have to comply with the rules in the same way? A Danske Bank loan to a major nuclear arms producer raises the issues.
Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as financial and business reporter and editor. | Photo: Jan Bjarke Mindegaard
Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as financial and business reporter and editor. | Photo: Jan Bjarke Mindegaard
By Flemming Højbo

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

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