Danske Bank finances fossil fuel companies on its own blacklist

Danske Bank participates in debt financing for eight fossil fuel companies, which the bank excludes in its investment leg for ”significant negative impact on the climate.” The bank denies conflict.

Danske Bank has excluded several fossil fuel companies from its investment leg that other parts of the business are allowed to get involved in. | Photo: Arkivfoto/colourbox

by JOACHIM KATTRUP, FREELANCE JOURNALIST

Through international credit agreements, loans, and bond issues, Danske Bank finances fossil fuel companies that are on the bank’s own exclusion list of banned investments.

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Danske Bank finances fossil fuel companies on its own blacklist

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Analysis: Can financial groups have double standards on ESG?

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