Fund Management

New deal with oil giant reveals cracks in Danske Bank's green plan

Danske Bank helps Norway’s second largest oil group with bond issuance. This can happen because of exceptions in the bank’s climate plan, which one adviser says should be more ambitious.
According to Samu Slotte, Head of Sustainable Finance at Danske Bank, the bank’s climate plan only targets fossil customers who own license rights for fossil extraction and exploration for new oil fields. | Photo: Pr / Danske Bank
According to Samu Slotte, Head of Sustainable Finance at Danske Bank, the bank’s climate plan only targets fossil customers who own license rights for fossil extraction and exploration for new oil fields. | Photo: Pr / Danske Bank
AF JOACHIM KATTRUP OG ANDREAS ABILDLUND, DANWATCH

Danske Bank still has large customers in the banking business that are drilling and exploring for oil fields in the North Sea and elsewhere.

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