Danmarks Nationalbank launches new sustainable bond statistics

Danmarks Nationalbank's new statistics show Danish entities issued kr.

405 billion in sustainable bonds by end-2025, representing 7.9 percent of the total Danish bond market.

Growth was most pronounced before 2024, then stabilized.

Green bonds form the majority at kr.

368 billion, financing projects like renewable energy and green transport.

Non-financial corporations also issued kr.

37 billion in sustainability-linked bonds, tied to ESG targets such as CO2 reduction.

Financial companies are the largest Danish issuers with kr.

191 billion, including kr.

114 billion in green mortgage bonds.

Non-financial companies issued kr.

142 billion, and the government kr.

43 billion in green bonds since 2022. Foreign investors hold the largest share of Danish sustainable bonds, at kr.

266 billion.

Danish investors hold kr.

383 billion in sustainable bonds, both domestic and foreign, representing 7.9 percent of their total bond holdings.

Their investments are predominantly in green bonds, but also include social and sustainability bonds, which finance social initiatives like education and healthcare.

Danish investors primarily favor domestic sustainable bonds, followed by issuances from major euro area countries such as Germany, the Netherlands, and France.

The insurance and pension sector is the largest Danish investor, mainly holding sustainable government and mortgage bonds.

Banks and investment funds also show similar preferences.

These new statistics align with the European Central Bank's corresponding data for the euro area, enabling direct comparisons.