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DNB finances the climate transition and is a driving force for sustainable value creation

Transisjonsplanen 2023
DNB will be a driving force for sustainable transition, and we will use our expertise and provide banking services to help our customers move in a sustainable direction. As Norway's largest financial services group, DNB has considerable influence on the sustainable transition in Norway and internationally. Through advisory services, financing, competence sharing and clear requirements, we will help forward-looking companies succeed with sustainable solutions.

DNB has an overall goal of achieving net-zero emissions from our financing and investment activities by 2050. To achieve this, we have developed a transition plan which includes decarbonisation targets, as well as financing targets for sustainable activities. We will work to ensure that total assets under management are steered towards more sustainable alternatives. 

Consequently, the targets also serve to reduce the level of climate risk in our portfolios. The targets will ensure that we as a financial institution further embed climate change considerations into our processes, including our selection of – and engagement with – customers and the companies we invest in.
 

Goals and ambitions

Transition plan
DNB’s approach to the climate transition 
One of DNB’s key strategic ambitions is to deliver sustainable value creation by creating profitable growth and making choices that will stand the test of time. To deliver on this ambition, we will support our customers through the climate transition, mitigate ESG risk in our portfolios and proactively engage with external stakeholders. DNB’s three sustainable ambitions that were launched in 2021 further elaborate on how we will achieve this. 

Our transition plan is a continuation of the sustainability ambitions launched in 2021. The plan is an important strategic tool that helps us understand the business implications of our net-zero commitment, and to navigate the challenges and opportunities presented by climate change and the transition to a low-carbon economy. It sets out how we in DNB will drive the transition, and the tools we have at hand to engage with and guide our customers and the companies we invest in to reduce their greenhouse gas emissions.