Sustainability
Íslandsbanki strives to be a responsible and positive force in society
Íslandsbanki and sustainable development
Íslandsbanki will focus on integrating sustainability considerations into its activities, in addition to its profit objectives. The Bank intends to initiate broad collaboration on responsible business practices that both contribute to sustainable development in the Icelandic economy while also supporting the UN SDGs.
Sustainability Policy and goals
Íslandsbanki’s Sustainability Policy aims at making the Bank a model of exemplary operations in the Icelandic business community and a catalyst for positive societal action.
UN Sustainable Development Goals
The focus on sustainability from investors and customers continues to grow and the Bank is committed to the cause by supporting the UN Sustainable Development Goals.
Sustainable Financing Framework
Íslandsbanki has defined a Framework for sustainable loans and investments in its portfolio. It consists of green, blue and red categories for social development.
Grants
Íslandsbanki's ambition is to have a positive effect on society and the Bank supports good causes connected to the four SDGs, which the Bank has chosen to give particular support to: Quality Education; Gender Equality; Industry, innovation, and Infrastructure; and Climate Action.
Cooperation on sustainability
Cooperation
Through the years, Íslandsbanki has considered it important to participate in international commitments and support domestic cooperative efforts in the area of sustainability.
Code of Conduct
The objective of the Code of Conduct for Suppliers is to ensure that Íslandsbanki and its suppliers can jointly act as a positive force in society. The Bank intends to engage in broad collaboration and consultation on the implementation of the Code of Conduct over the next 2-3 years.
What is the bank doing?
Íslandsbanki Sustainability Results 2019
For the first time, Íslandsbanki publishes detailed information on the impact of its operations based on the environment, social and governance (ESG) criteria.
A force for good
We want to be the obvious choice for Icelandic businesses because society's objectives are our objectives. We understand that the concept of sustainability is far-reaching and implementing it into all our practices has a positive impact on both us and our customers.
Highlights of 2019
The Board of Íslandsbanki approved the Bank's new sustainability policy at the end of 2019, supporting the Bank's role as a force for good in society.
Sustainability timeline
Íslandsbanki has placed great emphasis on sustainability in the last couple of years as demonstrated in the timeline.
Education
One of the Bank's objectives is to enhance the public's knowledge of finances by offering accessible and interesting information on finances and economic affairs. Among the offerings are talks on finances at retirement, a seminar in finances for refugees, informational meetings on investments and savings in Icelandic and English.
2018
Highlights of 2018
Responsible lending, support to the UN SDGs and diverse educational activities for the public was among Íslandsbanki's CSR highlights for 2018.