Danske Bank increases sustainability targets

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Danske Bank increases sustainability targets

By Alexandra Leonards

20/7/2021

Danske Bank has announced it is raising its sustainable financing ambitions after it reached a previous target earlier than expected.

The Danish multinational bank said that the original target, 100 billion DKK, was reached in early 2021.

The bank is now raising its target for 2023 to 300 billion DKK.

Danske Bank introduced new sustainability targets in February last year, including a commitment to double total financing for sustainable purposes from 46 billion DKK to above 100 billion DKK no later than 2023.

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