Íslandsbanki‘s Sustainability Policy

Íslandsbanki’s Sustainability Policy creates a comprehensive framework for its activities in the area of sustainability. It also maps out the Bank’s Policy for environmental affairs and responsible lending, investments, purchasing, and grants, as well as integrating with and supporting the Bank’s other policies.

The Bank aims to be a leader in the area of sustainable development and a force for good in society. To this end, the Bank intends to initiate broad collaboration on responsible business practices that both contribute to sustainable development in the Icelandic economy and support the Government’s Climate Action Plan while also supporting the Paris Agreement and the SDGs.

Íslandsbanki's objective is to be a model of exemplary operations

Íslandsbanki’s objective is to be a model of exemplary operations within the Icelandic business environment and international criteria related to environmental, social, and governance factors (ESG or sustainability factors). The Bank therefore considers its financial objectives relating to profit and efficiency as well as ESG criteria in its operations:

• Environmental criteria focus on how Íslandsbanki monitors the environmental impact of its activities and how the Bank supports, among other things, the SDG on climate action.
• Social criteria centre on how the Bank behaves towards employees, suppliers, customers, and the community in which it operates. In this way, the Bank supports, among other things, the SDGs on Quality Education; Gender Equality; and Industry, Innovation, and Infrastructure.
• Governance criteria centre on the Bank’s Board and Directors, as well as its internal control and the rights of shareholders.

Íslandsbanki as a positive force in society

Íslandsbanki seeks to set a positive precedent by having its actions do the talking, thereby gaining and maintaining customers’ and other stakeholders’ trust. The Bank aims to communicate actively with customers and collaborators concerning responsible business practices, which is one of the keys to ensuring that Íslandsbanki is a force for good in society. The Bank has issued a Sustainable Financing Framework under which loans and investments in its portfolio can be classified as sustainable according to the framework. In particular, attention should be paid to this framework in terms of sustainable product development.

Íslandsbanki Sustainability Policy (pdf)

Sustainability objectives 2024