Danske Bank has managed to create a climate plan that has virtually no impact on which customers the bank works with. “A free ride with no effect”, is the criticism. Danske Bank still has large customers in the banking business that are drilling and exploring for oil fields.

Although the bank launched a climate plan in 2023 and has just updated its investment policy targeting fossil fuel companies, the bank continues to help Norway’s second largest oil group, Aker ASA, with bond issues. Danske Bank confirms the agreements, which have a total value of more than DKK 2 billion.



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