Sustainability objectives through 2025 | Secondary objectives for 2022 | Relation to SDGs |
Achieve full carbon neutrality no later than 2040* | 40% decline in operations-related carbon footprint from 2019-2022 Present officially validated science-based targets for short- and medium term financed emissions | Climate action |
Offer our customers green and sustainable products | Lend additional 40 bn ISK sustainable loans Further increase customer access to and awareness of sustainable savings options | Quality education Gender equality Industry, innovation, and infrastructure Climate action |
Encourage equality and inclusion through products and services** | Identify opportunities to empower women or disadvantaged target group through product offering, education programs and other services Enhance tracking of lending to SMEs that fit the SFF Social Project category of Equality and empowerment | Gender equality |
Further increase diversity and inclusion in the workplace** | Establish a diversity council (jafnréttisráð) and host at least eight diversity focused training events Bring the share of women employees to 25% in investment banking and 30% in IT | Quality education Gender equality |
Work with suppliers and partners that champion sustainability | Meet with >10 key suppliers to discuss sustainability performance and emission reduction targets Incorporate sustainability performance as a minimum 10% weight into all formal tender processes | Quality education Gender equality Industry, innovation, and infrastructure Climate action |
Assess sustainability risk, define responsibility, and increase information disclosure | Disclose scope 1, 2 and 3 GHG emissions in 2021 to the Carbon Disclosure Project (CDP) Increase % of ESG assessed credit exposure from 34% to 70% (excluding lending to individuals and small enterprises which are not in scope) | Quality education Gender equality Industry, innovation, and infrastructure Climate action |
Place special emphasis on four of the UN SDGs | Run a refined sustainability calendar engagement with employees throughout the year Aim for >60% participation in Helping Hand volunteering program, encouraging link to the SDGs | Quality education Gender equality Industry, innovation, and infrastructure Climate action |