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Response by Danske Bank

Danske Bank acknowledge that the financial sector plays a role in facilitating a transition to a low-carbon and sustainable economy – both directly through our own operations and indirectly through our business relationships with customers, portfolio companies and business partners...

Danske Bank has been carbon neutral since 2009 which we achieve by working on limiting our CO2 emissions and purchasing renewable electricity as well as carbon credits. Further, we have through our Treasury department invested almost DKK 2 billion in green bonds and this year we became the second largest green bond arranger in Sweden. Danica Pension, Danske Bank Group’s pension company, invests significantly in solar energy. As pointed out in the report, client demand for climate friendly funds is increasing, but according to Swedwatch too slow...

We agree to the fact the ambitions needs to be high, and we will increase our focus on climate impact in our investments decisions during 2018 with several initiatives, which fits with our ambitions as well as the Swedwatch recommendation to do more.

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