Danske Bank divests from 13 companies on ethical grounds
Get RSS feed of these resultsAll components of this story
Largest Danish bank to clean up investments
Author: DanWatch
Danske Bank, today launched new ethical measures including a blacklist of 13 ‘negative companies’ and promises of a stronger commitment to Social Responsible Investment (SRI) and active ownership-engagement. Shares in the 13 companies on the Danske Bank blacklist, including top military suppliers Lockheed Martin and General Dynamics Corporation, and car manufacturer Nissan, have already been sold, amounting to a total divestment of some 23 million Euro. Meanwhile, another 17 companies have been placed on an ‘observation list’…The Danish banking group has lately been struggling with intense public criticism following media attention to its pension fund investments in a number of controversial companies.
- Related stories: Danske Bank divests from 13 companies on ethical grounds
- Related in-depth areas: Security issues & conflict zones - an introduction
- Related companies: Danske Bank General Dynamics Lockheed Martin Nissan
[Full list of companies divested from by Danske Bank]
Author: Danske Bank
Blacklist: Aerostar, Alliant, Avichina, Dongfeng, General Dynamics, Hanwha, L-3 Communications, Lockheed Martin, Nissan, Poongsan Corporation, Raytheon, Singapore Tech., Textron [includes reasons for divestment]
- Related stories: Danske Bank divests from 13 companies on ethical grounds
- Related companies: Aerostar International (part of Raven Industries) Alliant Techsystems AviChina lndustry & Technology Danske Bank Dongfeng Motor General Dynamics Hanwha L-3 Communications Lockheed Martin Nissan Poongsan Raytheon ST Engineering (Singapore Technologies Engineering) Textron