The sustainability policy aims at making the Bank a model of exemplary operations in the Icelandic business community, based on internationally recognised environmental, social, and governance (ESG) criteria.
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.
UN Sustainable Development Goals
The SDGs function as a unified whole, and Íslandsbanki supports them all. However, to sharpen its focus, the Bank has chosen to give particular support to four of them:
- Quality education
- Gender equality
- Industry, innovation and infrastructure
- Climate action
Íslandsbanki supports good causes in its home community and abroad, either through direct financial support or in collaboration with others. The Bank attempts to focus in particular on projects that are clearly linked to the goals it has chosen to support.
About the Sustainable Development Goals
Nr. 4 Quality education
For years, Íslandsbanki has been a leader in financial education. In the past five years alone, it has held well over 500 educational meetings and presentations for about 30,000 guests
Nr. 5 Gender equality
Íslandsbanki has worked actively on equal rights, and employees and managers participated in equal rights discourse throughout the year
Nr. 9 Industry, innovation and infrastructure
Íslandsbanki is a proud supporter of entrepreneurship and innovation through its Entrepreneurship Fund
Nr.13 Climate action
Íslandsbanki has measured its carbon footprint and has set targets for reducing it and offsetting greenhouse gas emissions in 2020
Charitable work in Africa
Íslandsbanki supports the international charitable work of the Red Cross by participating in several important projects in Africa
Pledge record toppled
During the year, participants collected ISK 167 million for the benefit of 181 charities, breaking the previous year's record of ISK 157 million. The total collected since 2006, the first year charitable pledges were solicited in connection with the marathon, is nearly ISK 1 billion. Some 14,000 people took part in the event, with record participation in the 10 km and 3 km runs. The marathon has become a key funding event for many charitable organisations and supports many of the SDGs. Íslandsbanki is proud to support the Reykjavík Marathon and Icelandic charities.