DNB is Norway's largest bank, headquartered in Oslo; its legal name is DNB Bank ASA, registered from 2002, and the group's roots go back to 1822.
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DNB's financed emissions rose 64% in 2025 to 58.5 MtCO2e, partly from an acquisition and new counting methods. Its climate targets are mostly intensity-based and it has no SBTi commitment. NGOs including BankTrack document it as a major lender to Arctic oil and gas, and it rates biodiversity and waste as not material.
DNB scores 30/100 (Significant gaps) on SINK's independent climate assessment, scored from public data only. Fees pay for the review, never the result. Last verified October 2026.
That places DNB joint 646th of 883 companies scored, and 41st of 55 in Financial Services / Banking.
Where DNB sits among financial services / banking peers.
Among the 55 major financial services / banking brands we've scored, DNB sits 41st of 55.
Its three lowest-scoring questions, and what the evidence didn't show.
Resource use and circular economy (ESRS E5) assessed qualitatively and deemed not material.
Financed Scope 1+2 from loans fell 13%, but financed Scope 3 rose 95%.
Biodiversity (ESRS E4) and deforestation policy flagged as not material despite UNEP FI analysis showing seafood, oil/gas and real estate exposure.
A score changes when the evidence does. We use new published evidence at the next rescore. Evidence that isn't public can count through an evidence review.
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Get in touch →Strongest on Carbon Footprint — Operations and Controversies & Red Flags (8/10, 8/10). Weakest on Resource Use & Waste and Emissions Trajectory (2/10, 3/10).
The 3 companies in the sector scoring nearest above DNB.
Standard Chartered has cut its own operational emissions, but financed emissions make up over 99% of its footprint, which reached 51.3 MtCO2e in 2025.
See the breakdown →Goldman Sachs reports assured operational emissions, but its Scope 1 rose 4% in 2024 and it publishes no financed-emissions total, its main footprint.
See the breakdown →UBS reports strong operational decarbonization and renewable energy procurement but undermines credibility through a decade-long pushback of net-zero targets, withdrawal of AUM alignment commitments, and unresolved links between marketed green bonds and deforestation with labour abuses in Brazil.
See the breakdown →The formula and all 11 sources.
Same ten questions for every company. No private weighting.
SINK = (0.3 × Base + 0.7 × Performance) × Scale11 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.
DNB's financed emissions (about 58.5 MtCO2e in 2025, Scope 3 Category 15) are the bank's own stated PCAF figure, from pages 134 to 136 of its 2025 Annual Report. They set the size deduction.
“The total Scope 1 emissions in 2025 were 58 t CO2e (67 t CO2e in 2024)”
“The DNB Group's Annual Report, including Sustainability report and Pillar 3 report for 2025, are published today”
“The largest financiers were DNB (US$ 3.2 billion), SEB (US$ 2.1 billion), Nordea (US$ 1.3 billion), and Danske Bank (US$ 1.1 billion).”
“DNB is the largest financier of oil”
“DNB, SEB, and Nordea account for 95% of the total loans granted to fossil fuel expanders”
“DNB and Nordea stand out among Nordic banks as the biggest financial supporters of the worst fossil fuel companies”
“questions the credibility of DNB Carnegie's commitment to the green transition”
“DNB is mainly active in providing finance for shipping, the energy sector and the fisheries and seafood industry.”
“DNB partners with non-profit HUB Ocean to strengthen shipping sustainability drive”
If you believe a source has been misread or a newer version exists, submit a challenge.
DNB is Norway's largest bank, headquartered in Oslo; its legal name is DNB Bank ASA, registered from 2002, and the group's roots go back to 1822. It had about 10,800 full-time staff and NOK 90.6 billion total income in 2025.
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