Jyske

RATING

SECTOR

Banking

WEBSITE

CONTACT

Jyske Bank

Vestergade 8-16

DK-8600 Silkeborg

Denmark

Telephone: +45 89 89 89 89
Fax: +45 89 22 24 96

STOCK EXCHANGE

LISTING

N/A

EMPLOYEES

3,700

CHIEF SUSTAINABILITY OFFICER

Simon Hagbart Madsen

AWARDS

N/A

CONTENT SOURCE

FURTHER READING

Jyske Bank

SECTIONS :  Sustainability    Evaluation  •  Highlights  •  Watch  •  Overview

Company Activity

According to the bank : 

“Many banks offer advice on investment and banking services. So does Jyske Bank. However, we also insist on giving you something more. Therefore, you can look forward to a bank which is not quite like the others.

As a client you will experience that we do whatever is in our power to make banking as easy as possible for you in your current situation. Therefore we will not bother you with cumbersome decision-making processes.

Instead…

… you get direct access to your personal relationship manager

… your relationship manager is authorized and competent to make decisions together with you

… we will meet with you in person, on the phone or online – whichever suits you best

… your day-to-day banking is easily done on your computer, tablet or smartphone

You will experience that we believe in personal relationships, and you will find that, when giving advice, your personal relationship manager has your best interest at heart and takes all aspects of your life into consideration. Your personal relationship manager will not receive any form of bonuses, instead have plenty of time to talk to you,so you together can define a strategy that is tailor-made for you.

We are out of the ordinary because we believe there is no such thing as ordinary clients. Therefore: we go out of our way to give you a unique, informal experience that you will not get at an ordinary bank at Jyske Bank, clients, shareholders and employees are respected equally. It is a balancing act – if the balance shifts in favour of one or two of the groups, it will harm all the groups in the long term. Jyske Bank (Gibraltar), Private Banking Hamburg and Private Banking International are part of the Jyske Bank Group, and we only serve clients who are not residents of Denmark.

Being a client with Jyske Bank, you must be able to document to us that the funds you wish to invest have been declared to the tax authorities in the country of which you are a tax resident. This rule applies irrespective of which type of account you have with us.

It is the policy of Jyske Bank that we will not aid and abet tax evasion.”

Company Sustainable Activity

According to the company:

“At Jyske Bank we take responsibility for our investments. Therefore considerations in relation to the environment, social issues and corporate governance (ESG) are included in the investment decisions. Selecting investments based on a principle of responsibility is a complicated matter.

Opinions differ widely when it comes to responsible investment. Investors, authorities, media, politicians as well as special interest organisations and industry associations have different perceptions. Therefore Jyske Bank wishes to be at liberty to assess which companies and industries it will invest in on the basis of corporate social responsibility. The main focus of these endeavours is the Principles for Responsible Investment (PRI) as well as the OECD’s guidelines and the UN Global Compact.

In the Jyske Bank Group, we know that our business and activities impact the climate and environment, and that, to a great extent, we can actively decide whether we will leave a positive or negative environmental footprint. Our aim is therefore actively to seek to become more climate and environment conscious in all our procedures – internally as well as externally. 

International human rights, which are both rooted in the Danish labour market model and defined by international conventions, norms and values, form a natural basis for the activities of the Group. In specific terms, this means that, internally in the Group, we observe human rights as they are fundamental for a safe, just and fair society, where equal status, inclusion, labour rights, safety and health are core values in our policy.”

On top of Responsible advisory servicesResponsible investments and Responsible credit granting they are working on :

  • Climate and environment 

“In the Jyske Bank Group, we know that our business and activities impact the climate and environment, and that, to a great extent, we can actively decide whether we will leave a positive or negative environmental footprint. Our aim is therefore actively to seek to become more climate and environment conscious in all our procedures – internally as well as externally.” 

  • Social issues 

“International human rights, which are both rooted in the Danish labour market model and defined by international conventions, norms and values, form a natural basis for the activities of the Group. In specific terms, this means that, internally in the Group, we observe human rights as they are fundamental for a safe, just and fair society, where equal status, inclusion, labour rights, safety and health are core values in our policy.”

Labels & Certificates

  • RECS certificates
  • FSC
  • Nordic Swan
  • EU Ecolabel 
  • TCF

Sustainable Development Goals

How company covers SDGs

SDG 3.4:

The Jyske Bank Group has a general focus on employee health in the workplace.

Results: Initiatives include healthy food in the canteens and a fruit scheme, and all employees have access to short exercise programmes via the intranet that may help reduce and prevent physical strain and pain. Ideas have also been launched for how employees can be more physically active at work, such as by conducting meetings standing up

SDG 5.5:

In 2018, they carried out their second group-wide Employee Survey. This time, they made a targeted effort to integrate the statutory workplace assessment (WPA) into the survey to maximise the synergies between job dedication and working environment.

Results: The response rate (95%) was higher than previous surveys and very pleasing. Despite the high level of staff dedication in previous years, this has increased even further. The results of the new employee survey, which is integrated into the statutory workplace assessments (WPA), showed progress compared to their first employee survey from 2016 and its follow-up in 2017. They have given specific form to the Group’s equal opportunity policy which is now called the ‘Diversity Policy’ and, as previously, the policy applies to the under-represented gender, and their percentage of women managers has stabilised at around 30%. 

SDG 11.3, SDG 11.7:

The focal point of Project Neighbourhood is to create a sense of community through user involvement. The concept started in Aarhus in 2016, and moved on to the island of Lolland in 2018. This is where three local projects won Jyske Bank’s competition on creating Project Neighbourhood, which makes a difference for the environment and the community, thereby helping to support positive developments on the island. 

Results

Horslunde Energy Village is working full steam ahead to plant fruit trees to make it possible to create a communal effort around fruit presses and a healthy way of life. 

Frederiksdal Enchanting Woods is in the process of getting a roof over its head so the woods and sensory trail can be enjoyed by everyone, from children, to the elderly and the disabled.

Spring flowers are being planted and nesting boxes made by local children are being set up along the Railway Path (Jernbanestien) between Maribo and Rødbyhavn. The aim is to establish a 15- km cycling and hiking path that is a total sensory experience.

SDG 8.8: 

To ensure a good working environment, the Group has had a dedicated OHS organisation with professional OHS consultants and representatives, who work full time on OHS issues, since 2012. They are centrally positioned in the organisation and are also part of the support of the Employee Survey, when the individual departments have to process the results dealing with OHS. They provide assistance and advice to local OHS groups.

SDG 12.2: 

They have purchased new printers and reduced their use of printing.

Results: They have decided on HP as the supplier of printers for the entire Group, due to their strengths in many parameters, including environmental ones. In addition, the decision has been made to standardise their A4 paper to 90 grams (from 80 grams in Lyngby and 100 grams in the rest of the Group). They have reduced their printing/use of paper by 29%, from 22.8 million sheets (2017) to 16.1 million sheets (2018). This is almost triple their target of a 10% reduction. Most of their paper comes from sources certified to FSC, Nordic Swan, EU Ecolabel and/or TCF. 

SDG 12.6:

They have made an overall specification of the modes of transport and consumption which will subsequently serve as a baseline. The use of taxis is not included, however.

Results:

Jyske Bank’s employees have driven a total of 5,335,381 work related kilometres in their own vehicles. This equates to 720 tonnes of CO2.

Employees have travelled by train for the total sum of DKK 2,154,824 in 2018. This equates to 1,197,124 kilometres and 48 tonnes of CO2.

In 2018, air travel amounted to 2,848,074 kilometres, equating to 375 tonnes of CO2.

In addition, the Group owns three electric bicycles which employees may use as a healthy, green alternative. 

SDG 13.1:

They have installed energy-monitoring equipment which, from 2019, will make it possible to document and modernise the consumption of heat and electricity for the purpose of minimising consumption.

Results: Energy-monitoring equipment has been set up in all 103 branches of the Jyske Bank Group. 

SDG 11.6, SDG 13.1: 

They have made it possible to charge plug-in hybrids and electric cars at their Lyngby office.

Results: They have set up four electrical charging stations. 

Highlights

Responsible investment

• Jyske Bank’s approach is that of dialogue and commitment
• Jyske Bank exercises active ownership via the GES Engagement Forum
• 2018 saw 156 violations of international conventions and standards, of which 68 cases related to companies in Jyske Bank’s portfolios
• Offers of three Socially Responsible Investments (SRI) funds focusing especially on corporate social responsibility and ethical screening. At the end of 2018, total funds amounted to DKK 1.7bn

Social Initiatives

Based on the project, “HUSET og det bebyggede område” (the house and the built up area), Jyske Bank was involved in the following:
• “Murmal” (Mural) – through which efforts are made to create trainee positions for future craftsmen/ women and further urban renewal
• “NaboRum” (Project Neighborhood) – community involving local citizens
• “FødevareBanken” (the food bank) – prevention of food waste and reduction of poverty
• Reuse of computers and furniture – through donations to charities
• Danmark Spiser Sammen (Denmark dines together) – fight loneliness by establishing a spirit of community
• Mind Your Own Business – offering young men aged 13-19 years from disadvantaged residential
areas the opportunity to establish their own
business

As one of the biggest banks in Denmark, Jyske has taken full responsibility for its part towards the environment and society, the group aims at forward looking with its sustainable goals by ensuring sustainable business through its policies, reducing its impact, and having equal rights in its workplace. The group is communicating about how much they are improving in alignment with the United Nations SDGs. in addition, they have a list of certifications that are recognized as sustainable.

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