Cooperation on sustainability

Through the years, Íslandsbanki has considered it important to participate in international commitments and support domestic cooperative efforts in the area of sustainability.

Nordic CEOs

for a Sustainable Future

In 2018, Íslandsbanki became a member of Nordic CEOs for a Sustainable Future, an association of large Nordic firms that intend to work jointly towards the UN SDGs. Other members of the group include the CEOs of Equinor, Finnair, Hydro, GSMA, Marel, Posten Norge, SAS, Storebrand, Swedbank, Telenor Group, Telia Company, Vestas, and Yara. In August 2019, the group held a meeting in Iceland with the prime ministers of the Nordic countries.

Discussions at the meeting centred on the challenges shared by governments and firms in relation to sustainability, climate action, and the importance of diversity in the economy, with equal rights as a guiding principle. At the meeting, CEOs outlined the organisation's commitment to achieving the SDGs through improved governance and closer cooperation between the public and private sectors. CEOs of member companies have pledged to incorporate the SDGs into their operations and decision-making. Emphasis on sustainability will be adapted to the companies' strategies, across their entire value chains.

Visit Nordic CEO's website

United Nations Principles

for Responsible Investment (UN PRI)

UN PRI is an association of investors, investment funds, and analysts whose objectives to incorporate sound environmental, social, and governance (ESG) criteria into their investment decisions. Iceland Funds has been a party to UN PRI since December 2017

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Iceland SIF

the Iceland Sustainable Investment Forum

Íslandsbanki was one of the founding members of Iceland SIF in 2017. The purpose of the forum is to increase investors' knowledge of the methodologies of sustainable and responsible investment and to promote discussion of such investment.

Visit Iceland SIF webiste

United Nations Principles

for Responsible Banking

Íslandsbanki has agreed to comply with the new United Nations principles for responsible banking. The principles, six in all, were developed by 30 international banks in cooperation with the United Nations Environmental Programme - Financial Initiative (UNEP - FI): alignment; impact and target setting; clients and customers; stakeholders; governance and culture; and transparency and accountability. The Bank intends to make a concerted effort to incorporate the principles into its activities and reporting and will explore possibilities for international cooperation in this area.

Visit United Nations Principles website

United Nations Global Compact

Íslandsbanki has adhered to the principles in the UN Global Compact on social responsibility since 2009. The Global Compact comprises ten principles in the areas of human rights, labour, environment, and anti-corruption, which create a framework for the Bank's activities. The Bank submits annual progress reports to the UN.

Visit United Nations Global Compact website


Icelandic Centre for Corporate Social Responsibility

Festa was established in 2011 by Íslandsbanki, Landsbankinn, Landsvirkjun, Rio Tinto Alcan Iceland, Síminn, and Össur. Its role is to enhance knowledge about firms' and institutions' social responsibility so as to encourage the adoption of socially responsible practices and promote increased sustainability

Visit Festa website