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Jyske Bank given highest possible MSCI ESG rating

US index provider MSCI has upgraded Jyske Bank's ESG rating from A to AAA, which is the very top grade.

Photo: PR/Jyske Bank

Jyske Bank's sustainability focus is now being rewarded by a top ranking from US index provider MSCI.

The Danish bank has been given an AAA sustainability rating,  which is the highest possible label, it reveals in a press release.

Before the upgrade, Jyske Bank had an A rating, and Trine Lysholdt Nørgaard, who is responsible for investor relations and sustainability at the bank, thinks the upgrade reflects the bank's recent sustainability efforts.

"We are happy to have acheived this rating at MSCI. We see it as recognition of the fact that we are still working to run a responsible bank, combined with our increased focus on sustainable business," she says.

In its review, MSCI places a lot of weight on how far sustainability is integrated into core business areas. Jyske Bank's improved status reflects the active work done to incorporate sustainability into business activities, the bank says.

"A loan portfolio with limited exposure to environmentally taxing industries is also seen as a positive contributor to the ESG rating," the bank writes in a press release.

Boosting industry

Sustainability has become an important topic for the financial sector over the past few years, not least when it comes to dialog with business clients. Jyske Bank is therefore very pleased with its AAA rating.

"As a collaborative partner with many companies, we are naturally happy about the AAA rating from MSCI, as we can now document that our own efforts are being very possitively assessed," says Rune Møller,  managing director and head of corporate banking and real estate at Jyske Bank.

In February, the bank launched a "green" mortgage loan, giving business customers the opportunity to finance properties with low energy consumption, renovated properties and facilities for producing renewable energy.

The bank has recently added three new sustainable construction credits to its offering.

"The green products meet the increasing demand from borrowers for sustainable loan products. Clients are asking for these products because they are valuable in terms of external impact, and highlight that the company has a sustainable profile," Møller explains.

(This article was provided by our Danish sister media, FinansWatch.dk)

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