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Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Photo: Jens Dresling/Ritzau Scanpix

Danske Bank is now leaping into the climate fight.

By 2050 at the latest, the Danish bank's loan and investment portfolios, with the latter being its core business, must be CO2 neutral. At the same time, the bank commits to providing an annual progress report.

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