Impact analyses

In September 2019, Jyske Bank – as one of the 130 founding signatories – signed the UN Principles for Responsible Banking (PRB), and we use these principles as the overall framework for our work on sustainability. As part of the implementation of PRB we perform impact analyses. The analyses identify the areas which are impacted the most by Jyske Bank through loans and investments - positively as well as negatively. Subsequently, the analyses quantify the impact on the basis of various indicators.

The analyses and quantification of the areas provide a snap shot of the way in which Jyske Bank impacts society as expressed in the UN’s 17 Sustainable Development Goals. Also, they make it possible for us to target our future efforts. We use the results of the impact analyses, among other things, for our work on reducing the negative and promoting the positive impact on society.

We will on an ongoing basis update the estimated CO2 emission on the basis of our loans and investments, and other areas on which Jyske Bank has a significant impact will be subject to thorough analysis.

June 2021:

Jyske Bank’s indirect CO2 emission down by 13%

The estimate of the indirect CO2 emission for loans and investments declined to 2.3 million tonnes calculated at end-2020 against 2.7 million tonnes at end-2019.

Climate is identified as a significant impact area for Jyske Bank. Therefore, we estimate CO2 emission involved in loans and investments on an ongoing basis.

The estimated CO2 emission for a business volume of about DKK 600 bn totals 2.3 million tonnes, corresponding to a reduction of 13% compared with end-2019. 63% of the CO2 emission relates to lending activities and 37% to investing activities.

The reduction can primarily be attributed to the part of the investing activities relating to the investments we make on behalf of our asset management clients. In this respect, CO2 emission was reduced by 30% due to a lower average emission intensity.

”The reason behind the reduction of CO2 emission is in particular that we have managed to find good alternatives to a number of companies which previously carried great weight with respect to CO2 emissions. We often see that two companies within the same industry have very different emissions. This is information which should obviously be included in the overall assessment of the investment case. The result of the focus on CO2 is that our clients’ total CO2 emissions were in 2020 lower than in 2019, and it is definitely our ambition to continue this trend”, says Flemming Larsen, Senior Director, Jyske Capital.

Impact analysis going forward
Ongoing efforts are devoted to improving the quality of data for CO2 emission, and in the 2020 estimate it has been possible to increase the proportion of company-specific data for CO2 emission.

”Our preliminary experience shows that there may be large differences between the company-specific data and the applied sector averages from Statistics Denmark. This underlines the need for continued focus on collecting company-specific data which must take place through dialogue with our clients. This goes hand in hand with our business focus on sustainability in the advisory services offered to our corporate clients, and simultaneously the requirements of integrating ESG risks in the credit assessments of the clients,” says Trine Lysholt Nørgaard, Head of IR and Sustainability.

In addition to the new estimate of CO2 emission on loans and investments a preliminary analysis concerning waste has also been prepared. The analysis was prepared with a view to assessing how Jyske Bank can contribute to reducing non-recycled waste in Denmark. As opposed to Climate, which is quantified by means of CO2, it has with respect to waste still not been clarified which indicators can be used, and the data availability is more limited. “Offhand, Jyske Bank’s possibility of impacting non-recycled waste is limited to dialogue with and information to the clients. We will not make a further analysis until better data and KPIs for the impact area are available”, says Trine Lysholt Nørgaard.

Jyske Bank continues to expand its offer of products and services which may support the clients’ desire for sustainable solutions and enable them to make sustainable choices. In 2021, a green mortgage product has been introduced to Jyske Bank’s corporate clients. In addition, Jyske Bank also offers products such as energy loans and equity funds focusing on sustainable development. These products are offered both to private and professional investors.

Impact analysis reports


Impact analysis – Methodology, June 2021


  • June 2021
    Update of financed CO2 emission

  • December 2020
    Climate and Waste are identified as significant impact areas. First estimate of financed CO2 emission.

  • February 2020
    Preliminary analysis of Climate