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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 supports all 17 of the Sustainability Development Goals (SDGs). At the same time, we have identified goals that are particularly relevant to our business operations, in line with the materiality analysis and DNB’s sustainable ambitions. We have identified three main goals that reflect our three priority areas. This is where we believe we have the greatest opportunity to make a positive impact, and is SDG number 5, 8 and 13. 
Other SDGs we are focusing on, and that are in line with our materiality analysis, are SDGs 7, 9, 10, 12, 14, 15 and 16. Through our roles as employer, investor, lender, and facilitator and supplier of financial infrastructure, we seek to contribute positively to fulfilling these SDGs and reduce our negative impact in these areas.
 

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 7: Affordable and clean energy

What we do:
  • Green car loans and "home loans"
  • Comprehensive internal energy efficiency program in own buildings
  • Member of RE100

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
  • 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.
  • Responsible procurement practice to ensure good working conditions among subcontractors
  • Reskill and upskill of employees. Equal pay for equal work

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
  • Report in accordance with the GRI Standards.
  • 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)
  • Own funds focusing on climate-positive solutions
  • DNB is climate neutral, compensates for its own emissions and is a member of RE100
  • We aim to become a bank with net-zero emissions by 2050 – both in our lending and investment portfolios and in our own operations.
  • DNB will be a driving force for sustainable transition by financing and facilitating sustainable activities worth NOK 1 500 billion by 2030.
  • 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 15: Life on land

  • We expect our customers to take action to minimise their impact on nature.
  • Partner in the Partnership for Biodiversity Accounting Financials (PBAF).
  • DNB Asset Management has signed the Finance for Biodiversity Pledge.
  • Partner in the Nature Action 100 investor initiative.
  • DNB has joined the UNEP FI Sustainable Blue Economy Initiative.

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
  • In accordance with our Group policy for sustainability, DNB must not contribute to the infringement of human rights or labour rights, or to corruption, serious environmental harm or other actions that could be perceived as grossly unethical.