Objective
The aim of the Danske Bank Group's environmental policy is to focus on the direct and indirect effects the Group has on the environment. The Group wishes to minimise its business risk and reduce its negative impact on the environment.
The policy is intended to increase the environmental awareness and competencies of the Group's staff, to serve as a basis for setting supplier standards, to focus attention on resource consumption and responsible methods of waste disposal, to ensure a healthy working environment, to support the continuing development of electronic products, and to incorporate environmental risks in lending and investment considerations.
Staff training
The Danske Bank Group wishes to increase the staff's awareness of environmental and resource consumption issues.
Supplier standards
The Group will consider sound environmental policy a positive factor in the selection of suppliers and products. It will screen prospective suppliers for their environmental conduct to the greatest possible extent. It will consider the environmental consequences of the use and disposal of products at the time of purchase.
Resource consumption
The Danske Bank Group wishes to use energy-saving measures to reduce the carbon dioxide emissions from the generation of heat and electricity and the use of transport vehicles. It will also work to limit the consumption of other resources, including water, office supplies, graphic materials and cleaning agents.
Waste management
The Danske Bank Group will reduce the environmental effects of its waste. Measures to achieve this result include the recycling of paper and printer toner cartridges and the partial recycling of electronic components.
Working environment
The Danske Bank Group wants all development and operational tasks to include a consideration of the working environment. The Group follows up on this effort through employee satisfaction surveys.
Product development
The Danske Bank Group's development of electronic products and services leads to lower transport needs on the part of both customers and staff. The Group wishes to continue this development.
The Group offers investment vehicles with special environmental profiles.
Lending and investment
The Group includes environmental factors as an integral part of its credit assessment and normally requires that corporate customers comply with the prevailing environmental laws and regulations. It includes environmental considerations in lending and ongoing risk management decisions for the purpose of reducing its own risk of losses. The Group does not wish to take responsibility for or seek to influence customers' treatment of environmental issues.
Environmental considerations are included in investment decisions to the extent warranted by the risk assessment.
Reporting
The Group wishes to measure and set targets for its environmental impact for the purpose of giving priority to the areas in which the effect is greatest as well as strengthening both its internal and external reporting.
Responsibility for environmental policy
This environmental policy has been adopted by Danske Bank's Board of Directors and applies to the entire Group. The Executive Board is responsible for ensuring that the necessary business procedures are prepared and implemented. The Audit Department is responsible for checking compliance with the business procedures and validating external reporting on environmental issues.
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Last updated/revised on August 10, 2006