As part of facilitating the transition to a low carbon economy, Danske Bank is committed to supporting the recommendations of Task Force on Climate-Related Financial Disclosures (TCFD).
The climate agenda is extremely important, and the financial sector has a significant role to play to support the transition towards a zero carbon economy. By supporting the TCFD recommendations we are committing to integrate climate considerations into our governance, strategy, risk management, metrics as well as our external reporting.
Recognizing that climate related risks and opportunities are complex to analyse and understand, the Financial Stability Board has mentioned climate risk as one of the key potential drivers of future financial instability. To start understanding these risks, a global industry led Taskforce on Climate Related Disclosures (TCFD) has outlined a set of recommendations on how institutions can start working with and understanding their climate related risk and opportunities as well as disclose relevant metrics and targets externally.