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.

February 2022:

Jyske Bank again shows reduced CO2 emission for loans and investments

Jyske Bank's new impact analysis shows that the estimate of the financed CO2 emission relating to the Bank’s loans and investments declines by 9%.

This year, it is the third time Jyske Bank publishes the estimated CO2 emission for loans and investments, and the analysis again shows a reduction. In actual numbers, the estimated 9% fall covers an emission of 2.1 million tonnes calculated at end-2021 against 2.3 million tonnes at end-2020.

The decline can be attributed to a reduction of the average emission intensity by approx. 13% from 3.91 tonnes CO2 per DKK million to 3.39 tonnes CO2 per DKK million. The concept of emission intensity covers tonnes CO2 emission per lent or invested DKK million.

Clear business targets

CO2 emission and emission intensity for loans have been reduced by 18% and 19%, respectively primarily due to declining emission factors across the loan portfolio. This can to a high degree be attributed to economic circumstances, for instance rising demand for low-emission cars and a larger share of renewable energy in heat supply.

The reduction in intensity is also due to growth within loan areas with low emission intensity for instance low-energy commercial properties. A development which Jyske Bank would like to see continued:

”Since 2020, we have had business targets about growth in areas of lending which can to a particular extent contribute to a reduction of CO2 emission. Up to 2025, it is our target to increase lending to low-energy commercial properties, renewable energy and low-emission cars,” says Trine Lysholt Nørgaard, Head of IR and Sustainability.

For investments, the emission intensity was in 2021 reduced by 5%, which should be seen relative to the 22% reduction from 2019 to 2020. The reduction has been attained based on the approach that where equity investments are expected to yield the same return, the investment with the lowest CO2 footprint will be selected. Going forward, determined CO2 reduction targets are expected to contribute to a further reduction of the emission intensity.

Intensified focus on correlations

At Jyske Bank, impact analysis and estimation of financed CO2 emission have become an annually event, contributing to an integration of sustainability in the business activities. This analysis is therefore the third year on end that financed emission is estimated, and each time new knowledge and experience with the method are harvested.

”As from the beginning, we experienced that the estimates contribute to intensifying focus on the correlation between business and sustainability. We are aware that there is still a need to improve the data basis, and we also expect that our method for impact analysis and estimation of financed emission will be under development in the coming years,” says Janna Ebdrup, IR and Sustainability.

Jyske Bank offers a string of products and services which may support the clients’ desire for sustainable solutions and enable them to make sustainable choices. In 2021, the product range was expanded by a green mortgage product and a green construction credit for corporate clients and Jyske Energi- og Boligeftersyn for personal clients. In addition, as at 3 January 2022, 34 out of 56 Jyske Invest funds are classified as funds that use sustainability criteria promoting environmental or social issues.

Emission for loans and investments

Impact analysis reports


Impact analysis – Methodology, June 2021


  • February 2022
    Update of financed CO2 emission

  • 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