Danske Bank A/S : Statement on principal adverse impacts of investment decisions on sustainability factors

Statement on principal adverse impacts

of investment decisions on sustainability factors

Financial market participant Danske Bank A/S (MAES062Z21O4RZ2U7M96)

Summary (ENG)

Danske Bank A/S, MAES062Z21O4RZ2U7M96, considers principal adverse impacts of its investment decisions on sustainability factors. The present statement is the consolidated statement on principal adverse impacts on sustainability factors of Danske Bank A/S and the subsidiaries Danske Invest Management A/S, Danske Invest Asset Management A/S and Danske Invest Fund Management Ltd, all individual financial market participants that are required or have opted to consider principal adverse impacts of investment decisions on sustainability factors in accordance with the EU Sustainable Finance Disclosure Regulation (SFDR)1.

This statement on principal adverse impacts on sustainability factors covers the reference period from 1 January 2022 to 31 December 2022. For the reference period of 2022 reporting against each of the relevant indicators will be done no later than 30 June 2023. That report will also include a a summary of the principal adverse impacts, a description of actions taken within the relevant reference period and actions planned or targets set for the subsequent period to avoid or reduce the principal adverse impacts identified.

Sammenfatning (DK)

Danske Bank A/S, MAES062Z21O4RZ2U7M96, tager hensyn til de væsentligste negative indvirkninger af sine investeringsbeslutninger på bæredygtighedsfaktorer. Denne erklæring er den konsoliderede erklæring om de væsentligste negative indvirkninger på bæredygtighedsfaktorer fra Danske Bank A/S og dennes datterselskaber Danske Invest Management A/S, Danske Invest Asset Management A/S og Danske Invest Fund Management Ltd., alle finansielle markedsdeltagere, der er underlagt forpligtelse til og/eller har valgt at tage højde for de væsentligste negative indvirkninger som investeringer kan på bæredygtighedsfaktorer.

Denne erklæring om de væsentligste negative indvirkninger på bæredygtighedsfaktorer omfatter referenceperioden fra den 1 januar 2022 til 31. december 2022. Rapporteringen over disse indvirkninger identificeret i referenceperioden vil blive offentliggjort senest 30 juni 2023. Denne rapport

1 As a financial market participant, the subsidiary Danica Pension Livsforsikringsaktieselskab is also disclosing the principal adverse impacts its investments might have on sustainability factors, but has published a separate statement with supplementing reporting to that effect. Whilst also a financial market participant and a subsidiary of Danske Bank A/S, Danske Private Equity A/S does not consider principal adverse impacts of its investments, and is therefore not included in this consolidated statement nor reporting for Danske Bank A/S.

vil også indeholde en sammenfatning af de vigtigste negative indvirkninger, en beskrivelse af trufne foranstaltninger og planlagte foranstaltninger og mål fastsat for den næste referenceperiode.

Description of the principal adverse impacts on sustainability factors

For the purposes of this statement, by "principal adverse impacts" is meant the negative, material or likely to be material effects on sustainability factors caused, compounded by or directly linked to our investment decisions. We prioritise and report on principal adverse impacts of our investment decisions on sustainability factors on basis of and covering the indicators listed below.

Through the consideration of principal adverse impacts, Danske Bank A/S is monitoring and reporting on 18 mandatory principal adverse impact indicators and six voluntary indicators defined by SFDR. The aim is to address these impacts at different degress on an investment product and entity level in order to reduce the negative footprint our investments have and/or may have on society. How and to what extent we consider and address principal adverse impacts will evolve over time and hence continuously alter this statement. Further, there are differentiations between the investment products that manufacturered and managed.

Indicators applicable to investments in investee companies

Adverse sustainability indicator

Metric

Impact [year n]

Impact

[year n-1]

Explanation

Actions taken, and actions planned and targets set for the next reference period

CLIMATE AND OTHER ENVIRONMENT-RELATED INDICATORS

Greenhouse gas emissions

1. GHG emissions

Scope 1 GHG emissions	N/A	N/A	N/A
Scope 2 GHG emissions	N/A	N/A	N/A

N/A

Scope 3 GHG emissions

N/A

N/A

N/A

Total GHG emissions

N/A

N/A

N/A

2.

Carbon

Carbon footprint

N/A

N/A

N/A

footprint

3.

GHG intensity

GHG

intensity

of

N/A

N/A

N/A

of investee

investee companies

companies

4.

Exposure to

Share of investments in

N/A

N/A

N/A

companies

companies active in the

active in the

fossil fuel sector

fossil fuel

sector

5. Share of non-

Share of non-renewable

N/A

N/A

N/A

renewable

energy

consumption

energy

and

non-renewable

consumption

energy

production

of

and

investee

companies

production

from

non-renewable

energy

sources

compared to renewable

energy

sources,

expressed

as

a

percentage

of total

energy sources

6.

Energy

Energy consumption in

N/A

N/A

N/A

consumption

GWh per million EUR of

intensity per

revenue

of

investee

high impact

companies,

per

high

climate sector

impact climate sector

Biodiversity

7.

Activities

Share of investments in

N/A

N/A

N/A

N/A

negatively

investee

companies

affecting

with

sites/operations

biodiversity-

located in or near to

sensitive

biodiversity-sensitive

areas

areas where activities of

those

investee

companies

negatively

affect those areas

Water

8.

Emissions to

Tonnes of emissions to

N/A

N/A

N/A

N/A

water

water

generated

by

investee companies per

million

EUR

invested,

expressed as a weighted

average

Waste

9.

Hazardous

Tonnes

of

hazardous

N/A

N/A

N/A

N/A

waste and

waste

and

radioactive

radioactive

waste

generated

by

waste ratio

investee companies per

million

EUR

invested,

expressed as a weighted

average

INDICATORS FOR SOCIAL AND EMPLOYEE, RESPECT FOR HUMAN RIGHTS, ANTI-CORRUPTION AND ANTI-BRIBERY

MATTERS

MATTERS

Social

and

10.Violations of

Share of investments in

N/A

N/A

N/A

N/A

UN Global

employee

investee companies that

Compact

matters

have been

involved

in

principles and

violations of the UNGC

Organisation

principles

or

OECD

for Economic

Guidelines

for

Cooperation

Multinational

and

Enterprises

Development

(OECD)

Guidelines for

Multinational

Enterprises

11.Lack of

Share of investments in

N/A

N/A

N/A

N/A

processes

investee

companies

and

without

policies

to

compliance

monitor

compliance

mechanisms

with

the

UNGC

to monitor

principles

or

OECD

compliance

Guidelines

for

with UN

Multinational

Global

Enterprises

or

Compact

grievance/complaints

principles and

handling mechanisms to

OECD

address violations of the

Guidelines for

UNGC

principles

or

Multinational

OECD

Guidelines

for

Enterprises

Multinational

Enterprises

12.Unadjusted

Average

unadjusted

N/A

N/A

N/A

N/A

gender pay

gender

pay

gap

of

gap

investee companies

13.Board gender

Average ratio of female

N/A

N/A

N/A

N/A

diversity

to male board members

in investee

companies,

expressed

as

a

percentage of all board

members

14.Exposure to

Share of investments in

N/A

N/A

N/A

N/A

controversial

investee

companies

weapons (anti-

involved

in

the

personnel

manufacture

or

selling

mines, cluster

of

controversial

munitions,

weapons

chemical