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DNB's work on the UN Sustainable Development Goals

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The UN's 17 Sustainability Development Goals were adopted in 2015, and are a universal plan to eradicate poverty, fight inequality and stop climate change by 2030
DNB has selected sustainability targets number 5 and 8 as particularly important in view of our risks and opportunities to contribute to sustainable development, because we can make a difference and have a great impact throughout the group. These goals have also been guiding our corporate social responsibility strategy.

In addition, DNB has very important contributions to sustainability goals 7, 9, 10, 12, 13, 14 and 16. These goals are very relevant to important parts of the bank where we are in a position to make a positive difference through our business.
 

How do we work with the UN's Sustainable Development Goals

GOAL 5: Gender eqaulity

What we do:
  • Goals on balanced management groups (40/60) and diverse and inclusive teams.
  • Targeted and systematic work on gender balance in everything from recruitment, talent development restructuring and succession planning
  • Mentoring scheme, equal pay pot, global gender neutral parental leave
  • DNB requires our largest suppliers in IT services, consulting and legal services to work systematically with gender equality and diversity in our own organization
  • Investment in economic equality - #huninvesterer (SheInvests) in the retail market and towards entrepreneurs
  • Expectation of targeted work for gender equality in companies we invest in

GOAL 8: Decent work and economic growth

What we do:

  • Without loans and access to capital, the economy stops
  • Principles of responsible supplier behavior
  • Facilitates purchase from entrepreneurial companies as well as collaboration with start-up on Digital Floor
  • DNB's start-up solver is to help at least 5,000 start-up companies every year
  • DNB will contribute NOK 200 million in Growth Loans to companies that need capital to grow
  • Ambition for financing 450 billion in renewable and 130 billion in green property until 2025 
  • Sustainable business requirements for borrowers and investment objects Sustainability is included as part of the risk assessment for corporate loans (more than NOK 8 million)
  • Responsible investment principles
  • DNB arranges NXT meetings where founders and capital meet.
  • By 2020, all new and refinanced shipping loans will include a responsible ship recycling clauseResponsible procurement practice to ensure good working conditions among subcontractors
  • Reskill and upskill of employees. Equal pay for equal work

GOAL 7: Affordable and clean energy

What we do:
  • Ambition for financing 450 billion renewable
  • Ambition for financing 130 billion green property
  • Green car loans and "home loans"
  • Comprehensive internal energy efficiency program in own buildings
  • Reduces flights in a job context
  • Compensates for own emissions with allowances
  • Member of RE100

GOAL 9: Industry, innovation and infrastructure

What we do:
  • Stable IT systems that enable efficient payment processing
  • Innovation and innovation - extensive collaboration with StartUp environments
  • Simple account and card products available to all customers
  • NXT - an arena where entrepreneurs can meet investors
  • Startupless helps startup companies
  • Focus on Venture-capital 
  • ESG discussions with customers focusing on opportunities

GOAL 10: Reduce inequalites

What we do:
  • Offers Lærepenger, used in school or at home in the family to teach children and young people about personal finance
  • Overall goal of diversity and inclusion
  • Launched bank-free Internet for non-digital customers
  • Diversity criteria in recruitment, management and development of employees
  • Courses in ensuring that employment processes are not characterized by discrimination
  • DNB's code of conduct: DNB does not accept any form of discrimination against customers, employees, etc. Principles for responsible supplier behavior

GOAL 12: Responsible consumption and production

What we do:
  • DNB Bjørvika has a program for reducing food waste and sorting waste
  • DNB's principles for responsible supplier behavior
  • Integrated reporting
  • GRI certified
  • ISO 14001 certified

GOAL 13: Climate action

What we do:
  • Reporting to CDP
  • ESG dialogue with customers - expectation of reduced CO2 emissions, customers' climate imprint and strategies part of all strategies
  • DNB is affiliated with Poseidon Principles, aiming to reduce emissions from shipping portfolio (in line with IMO target of 50% reduction compared to 2008)
  • Does not lend to and does not invest in companies with very large CO2 footprint (excludes companies that have more than 30% of turnover from coal and oil sands)
  • Own funds focusing on climate-positive solutions
  • DNB is climate neutral, compensates for its own emissions and is a member of RE100
  • Climate assessments in purchasing
  • Climate risk: maps and manages how we are affected by climate change
  • Participant in TCFD (Task Force on Climate-related Disclosure)

GOAL14: Life below water

What we do:
  • DNB is affiliated with Poseidon Principles, with the goal of reducing emissions from its own shipping portfolio (in line with the IMO target of 50% reduction compared to 2008)
  • Requirements for responsible shipwreck in all contracts by 2020 (RSRS)
  • Connected to UN Global Compacts Marine Platform

GOAL 16: Peace, justice and strong institutions

What we do:
  • Comprehensive AML work and control
  • Ethical guidelines and training of all employees
  • Information on how to avoid scams when using digital tools
  • Principles of responsible supplier behavior
  • DNB's investment activities have guidelines for responsible investments that ensure that the Group does not contribute to human rights violations, corruption or other actions that may be considered irresponsible
  • Banned companies that manufacture tobacco, pornography, controversial weapons, etc., or through entities they control