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Company Response

23 Nov 2022

Author:
Danske Bank

Danske Bank's response to the Fair Finance International report

...

Danske Bank’s shareholding in the selected companies in the report is equivalent to 0.1% of Danske Banks total Assets under Management. We have policies and procedures in place to ensure identification of risks of negative impacts on human rights across all of our investment activities. Danske Bank has not had a separate focus on human rights abuses in Qatar or sector-specific policies for the construction and hospitality sectors which is a requirement in the Etisk Bankguide review. We strive to have a robust due diligence framework in place where risks are identified no matter in which country or sector the company under assessment operates in...

... Our investment analysis and decisions take into account risks of adverse impacts on human rights and we conduct enhanced due diligence of companies alleged to be violating international norms and while we prefer to be an active owner and influence companies through dialogue, we also exclude companies from our investment portfolios.

In 2022 Danske Bank has conducted a review of our capacity to conduct human rights due diligence as part of our continuous efforts to improve, incl. enhancing our transparency of our human rights efforts.

[Full response attached.]

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