No Controversial weapons
We apply a filter to our investment and our (potential) counterparties to ensure that they meet our ESG criteria. This means that we do not invest in companies engaged in the production of cluster munitions, landmines or chemical, biological and nuclear weapons insofar as they violate the Treaty on the Non-Proliferation of Nuclear Weapons. We also want our counterparts to adhere to certain internationally applicable ethical standards, such as the United Nations Global Compact principles. Therefore, we screen these parties on the basis of such standards.
Investing in green bonds
In recent years, we have been investing more in green bonds. These bonds for example stimulate investment in energy efficiency improvements. At the beginning of 2022, DNB had approximately € 460 million in green bonds. Our intention is to invest a further € 80 million in green bonds this year. This is how we want to contribute to greening the economy, which is necessary to achieve the targets of the Paris Climate Agreement.
Purchasing programmes at European level
DNB aims to make its own financial reserves more sustainable. In addition, we participate in the ECB's large-scale purchase programmes. In doing so, we follow their policy. In July 2021, the ECB decided to further incorporate climate change considerations into its monetary policy framework. This means that they will take climate change criteria more into account when purchasing corporate bonds. They will also consider these criteria in their risk assessment and collateral framework. Read more about the ECB's action plan to include climate change considerations in its monetary policy strategy.