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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.

How we have helped selected customers

Fingrid
Valmet
DSB
TDC NET
Danske Bank acted as Joint Bookrunner on TDC NET’s EUR 500m 5.25yr Senior Secured Sustainability-Linked Bond transaction.
Ørsted
We are thrilled to have acted as Joint Bookrunner on Ørsted’s EUR 750m 1000NC5.75yr Green hybrid capital bond issue.
Nordea
Danske Bank acted as Joint Bookrunner on the SEK 2.4bn 3y Dual Tranche Senior Preferred for Nordea Bank issued under their Sustainable Linked Loan Framework.
KfW
Danske Bank is proud to be a trusted partner for KfW and have acted as Joint Lead Manager for KfW’s E4bn new 8y Green Bond Benchmark, which attracted an orderbook of E24.5bn+ and priced at MS+6.
Fingrid
Danske Bank acted as Active Joint Bookrunner for Fingrid's EUR 500 million 10 year Senior Unsecured Green Bond Issue.
Topsøe
Danske Bank acted as a Joint Bookrunner and Green Structuring Advisor on Topsoe’s inaugural EUR 200m NC5-year Green hybrid bond transaction.
Valmet
Danske Bank acted as Joint Underriter, Bookrunner, Mandated Lead Arranger and Agent in the EUR 400 million term loan facilities to finance Valmet’s acquisition of Körber’s Business Area Tissue
Stadshypotek
Danske Bank is proud to have acted as Joint Lead Manager on Stadshypotek´s second Green SEK 6bn 5y Covered Bond.
Volkswagen
Danske Bank acted as Joint Bookrunner on Volkswagen Financial Services’ inaugural SEK-denominated Green Bond issue.
Akademiska Hus
Danske Bank is proud to have supported @Akademiska Hus AB in their SEK 1.5billion 5-year Green Bond issue.
Ziklo Bank
Danske Bank acted as Joint Bookrunner on the successful SEK 1.5bn Dual Tranche 2- and 5-year Green Bond Issue for Ziklo Bank.
Bavarian Nordic
Danske Bank acted as Bookrunner, Mandated Lead Arranger, Sustainability Coordinator and Facility Agent on Bavarian Nordics DKK 1 billion Sustainability Linked Revolving Credit Facility.
Stockholm Exergi
Danske Bank is proud to have acted as Joint Lead Manager on Stockholm Exergi’s SEK 1 billion 7-year Senior Unsecured Green bond issue.
DSB
Danske Bank acted as Joint Lead Manager and Structuring Advisor for the Green Bond Framework
Terrafame
Danske Bank acted as Sustainability Coordinator and Agent on Terrafame's EUR 250 milllion unsecured sustainability-linked credit facility.





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

 
"The success of energy transitions hinges on the availability of cost-effective capital. The imperative for debt financing calls for a variety of financing solutions, like facilitating the projects to bear the debt on their own merits. This accentuates the need of supporting such financing arrangements."

Hanna Erici
Head of Project, Renewable Energy & Real Estate 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.


    

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.
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.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 and priorities in our Climate Action Plan and strategic direction towards 2028.
​

.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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