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Sustainable finance

We are committed to guiding and financing your transition to a sustainable economy through expert advice, tailored products, and close collaboration.


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We empower your transition to a low-carbon economy
 


Green bonds
Leading Nordic arranger since 2020



Sustainable bonds
Leading Nordic arranger since 2021


Nordic sustainability-linked loans
Leading arranger since 2020


Our offering

Governments and companies worldwide are pledging to achieve net-zero emissions of greenhouse gases. To fulfil such a monumental ambition involves transitioning from fossil fuel-based systems to renewable and cleaner technologies.

Achieving net-zero emissions globally involves not just technological changes, but also enormous economic shifts at a scale unprecedented in history. The scale of investment required touches every sector of the economy and demands coordinated action between governments, private sectors, and civil society.


At Danske Bank, we recognise our critical role in mobilising the capital required to drive this transition and aspire to be the go-to bank on sustainable finance to our corporate and institutional clients.

  • Our dedicated teams in Corporate and Sustainability Advisory, along with Projects and Renewable Energy Finance, provide financial advisory and valuable insights from across the Nordic region to help companies access support mechanisms that can advance their sustainability objectives.

    Material sustainability aspects are considered alongside financial factors in a holistic manner, drawing upon best practices and knowledge from across our teams. In this way, we wish to encourage the transition to a low-carbon economy through a full range of inhouse products and services, strategic positioning of business models and benchmarking, as well as helping to mobilise private and institutional capital towards mitigation of and adaptation to climate change.


    We aim to meet our customers wherever they are in their transition journey.

  • Labelled Sustainable Products fall under two main categories

     

    • ‘sustainability themed use-of-proceeds products such as green-, social-, sustainability- and transition products where the proceeds are restricted to finance a predefined type of investment or action

    • ‘sustainability-linked products’ that link financing costs to sustainability performance through specific KPIs and performance targets but are un-restricted in the use-of-proceeds. This simple categorisation helps you to understand the different types of products, irrespective of whether we are talking about bonds, loans, or guarantees.

    “Use-of-proceeds” products are about providing transparency, and the determining aspect is what the money will be used for. This could be for environmentally beneficial activities; in which case the product would be called “green”. Or it could be for socially beneficial activities, in which case it would be called “social”. 

    Products funding a mixture of green and social activities come with a “sustainability” label. The label “transition” can be applied where the companies are bound to implement a credible science-based transition plan to reduce their footprint, and where the investment or activity financed isn’t yet green but actively helps the transition. 

    The simplest examples of a use-of-proceeds product are bonds or loans, where the borrower uses their funds for predefined green or social activities, which are assessed to have a positive impact. 

    The same logic applies to other products, like guarantees. For them to earn a green or social label, we need to understand the type of project or activity they are intended to be used for and assess whether those activities qualify.  

    Danske Bank has its own Green Finance Framework which sets out the criteria for what Danske Bank defines as ‘green’. 

    “Sustainability-linked” products are about incentivising and improving sustainability performance through linking the financing costs (e.g. the interest rate) to the client meeting ambitious sustainability performance targets. The most popular topics addressed include climate change, circularity, waste and material reduction, and gender diversity.




Financing the transition to a low-carbon economy

Financing the climate transition is about supporting company-wide transition strategies rather than isolated activities. It is important for sectors where decarbonisation requires long-term, systemic change.

Explore how we can help

How we have helped selected customers

Arwidsro
Arwidsro
Emilshus
Heimstaden
Castellum
Carlsberg
Renewable Power Capital
Citycon
Rejlers
Bane Nor Eiendom
Bane Nor Eiendom
Summa Equity
StaffPoint
StaffPoint
TOMRA
Danske Bank is proud to have acted as Joint Bookrunner on this for TOMRA.
Oslo Kommune
Danske Bank acted as Joint Lead Manager in Oslo kommune's NOK 5bn Senior Unsecured Green Bonds
Y-Säätiö
Danske Bank acted as Joint Lead Manager for Y-Säätiö's EUR 100m 5-year Senior Unsecured Sustainability Bond Issue
NP3 Fastigheter
Danske Bank acted as Joint bookrunner on NP3 Fastigheter's SEK 400m 3.25-year senior unsecured green bond issue and tender offer
Munter
Danske Bank acted as Joint Bookrunner on Munters' SEK 1 billion4 year Senior Unsecured Green Bond issue.
Kingdom of Sweden
Danske Bank is proud to have acted as Joint Lead Manager for the Kingdom of Sweden.
NKT
Danske Bank is proud to have acted as Joint Sustainability Coordinator in NKT’s Sustainability-linked Revolving Credit Facility.
Lifco
Danske Bank acted as Joint Lead Manager for Lifco AB (publ) SEK 1 billion 2-year Senior Unsecured Bond issuance.
City of Gothenburg
Danske Bank acted as Sole Green Bond Framework Structuring Advisor in the update of City of Gothenburg’s green bond framework. A 5-year SEK 1bn combined dual tranche followed where Danske Bank also acted Joint Bookrunner.
The State of Baden Wudenberg
Danske Bank acted as Joint Lead Manager on The State of Baden-Württemberg’s EUR 800 million 10-year Benchmark Green Bond Issue.
kfW
KfW has issued green bonds in all the Scandinavian currencies within a year, achieving the Scandinavian green bond hat-trick. Danske Bank have supported KfW as arranger in all these currencies, reinforcing the shared commitment.
TVO
Danske Bank acted as Joint Lead Manager, Sustainability Structuring Adviser and Dealer Manager for TVO's EUR 500m 7.5-year Senior Unsecured European Green Bond Issuance
Tornator
Danske Bank acted as Mandated Lead Arranger on Tornator's EUR 450m Green Loan Facilities
Landshypotek Bank
Danske Bank acted as Joint Lead Bookrunner and Sole Structuring advisor on Landshypotek Bank’s successful issuance of their SEK 6 billion Green Covered Bond
Cibus
Danske Bank acted as Sole Bookrunner for Cibus in their issuance of additional EUR 20 million in its outstanding bond maturing in January 2029.
Elenia
Danske bank acted as Joint Lead Manager for Elenia's EUR 500m 7.7-year Senior Secured European Green Bond Issuance.
Skandiabanken
Danske Bank acted as Joint Bookrunner in Skandiabanken’s inaugural SEK 3 billion 5-year Green Covered Bond.
Kingdom of Denmark
Danske Bank served as Joint Lead Manager on the Kingdom of Denmark’s landmark debut European Green Bond (EuGB) issuance.
Mærsk
We are delighted to have acted as Joint Bookrunner on A.P. Moller - Maersk’s EUR 500m 9-year green bond issue.
Storskogen
Danske Bank acted as Joint Global Coordinator and Joint Bookrunner on Storskogen’s SEK 1,000m 4.5-year senior unsecured bond issue.





Get in touch with experts advancing your transition

 
"Significant capital is needed for transitioning our economies to become more sustainable. We are committed to using the power of finance to support our clients in this transition".


Samu Slotte

Head of Sustainable Finance
"Financial instruments targeting sustainable purposes merge financial needs with sustainable development, whilst offering competitive terms. They can hence be a gateway to achieve both economic and sustainable progress at the same time."


Lars Mac Key

Head of Sustainable Products

Ongoing insights on sustainable finance

Our analysts and economists from Danske Research publish ESG Research quarterly. You can also read our Sustainable Finance Newsletter and follow us on LinkedIn or X.


Visit X   Visit Linkedin   Weekly Newsletter

Related content

Our position 

Sustainability strategy and targets

Supporting our customers in their transition is one of three focus areas in our Sustainability Strategy. On our corporate site you can read more about our strategic direction.
​

.com/strategic-direction

Policies, frameworks, reports

Publications and policies

Find out more about our sustainability-related policies, position statements, frameworks, and reporting as well as our plans, priorities and approaches in our Climate Action Plan, strategic direction towards 2028 and approach to transition finance.

.com/publications-and-policies

Asset Management

Responsible investments

We provide a range of tailored solutions regarding responsible investments. Learn more on our Asset Management site.

.dk/asset-management

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