Investor Presentation - FY 2022
Investor Presentation - FY 2022
Danske Bank
Danske Bank's Climate Action Plan - Our roadmap to net zero: Based on methodologies supported by the
SBTi, we have developed a comprehensive suite of intermediate 2030 emission reduction targets
Overview of Danske Bank's decarbonisation targets
Lending
2030 sector emission
intensity reduction targets ¹)
Asset management
2030 temperature rating
reduction targets ¹)
Implied temperature rating of
our investment products
from 2.7°C in 2020 to 2.1°C
(Scope 1 and 2)
Implied temperature rating of
our investment products
from 2.9°C in 2020 to 2.2°C
(Scope 1, 2 and 3)
Life insurance
and pension
2030 temperature rating
reduction targets ¹)
Implied temperature rating
of our listed equities and
credits from 2.7°C in 2020
to 2.1°C (scope 1 and 2)
Implied temperature rating
of our listed equities and
credits from 2.9°C in 2020
to 2.2°C (scope 1, 2 and 3]
Shipping
-50%
Oil and gas
upstream³
50%
A
Oil and gas
25%
refineries4
Power
50%
generation
Steel
30%
2030 carbon intensity
reduction target ¹)
2025 sector emission
intensity reduction targets
2]
Cement
25%
Weighted average
carbon intensity of
50%
Real estate
69% 6
Commercial
55%
investment
Energy
15%
real estate 5
products
Transportation
20%
Personal
mortgages
55%
5
2025 engagement target 1)
Engagement with the 100
largest emitters
Power generation
35%
Cement
Steel
20%
20%
لمما
Own operations
2030 emission reduction
targets 2)
Carbon emissions
in scope 1 and 2
Carbon emissions
in scope 1, 2 and
currently
measured scope 3
categories
80%
60%
What's new
•
•
Targets submitted for SBTi, validation pending
Targets not submitted for SBTi validation
Shipping: Increased target from 20-30% to -50%
reduction by 2030 based on 1.5°C trajectory
Oil and gas: Expanded our target suite to cover
downstream refining. Updated our position
statement to not offer new long-term (re)financing
to E&P companies expanding supply of oil and gas
Power generation: Increased ambition from
30% to 50% reduction by 2030
Steel & Cement: Expanded target suite to cover
cement and steel
Commercial Real Estate and Personal Mortgages:
Expanded target suite also covers commercial real
estate and personal mortgages
Asset management: New SBTi-aligned 1.5°C
temperature rating targets
•
Life insurance and pension: New SBTi-aligned
1.5°C temperature rating targets
•
Own operations: New SBTi-aligned reduction
target of 80% by 2030 for scope 1 and 2
To validate that our targets are based on the latest scientific research and aligned with the Paris Agreement,
we have submitted our targets for validation by the Science Based Targets initiative (SBTi)
1) Baseline year 2020 // 2) Baseline year 2019 // 3] Absolute emission reduction targets set // 4) Partly absolute emission reduction targets set // 5) Based on a weighted portfolio exposure across Denmark, Sweden, Norway
and Finland. For Commercial Real Estate in Denmark and Personal Mortgages in Denmark, the target corresponds to a 75% reduction by 2030 // 6) Scope 1, 2 and 3 until 2030
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