We want to act as a role model in responsible and profitable business practices, taking into account the environment, the economy and the society in which we live and work. We try to see things from our customers’ viewpoint and strive to do better today than we did yesterday.
We work in an attractive workplace where knowledge creates future value for the benefit of our customers, investors and society as a whole.
The diagram to the side shows the key stakeholders and main sustainability focuses
Annual and sustainability report 2022.png)
We aim to be a role model on environmental and climate issues and to minimize greenhouse gas emissions and the negative environmental impact of our activities. Man-made climate change is one of the greatest challenges of our time, and it is critical that global warming is restricted to below 1.5 degrees Celsius. We are committed to helping Iceland meet its obligations under the Paris Climate Agreement and other domestic and international environment and climate treaties and to reach the ambitious goal of a carbon neutral Iceland by 2040.
Banks perform a vital role in providing financing for progress and our focus is on funding projects on sustainability and green infrastructure.
We also require our suppliers to consider the environmental and climate impact of their activities. When comparing similar offers from suppliers, environmental and climate considerations will be decisive in our decision. The Bank’s goal is to reduce emissions of carbon dioxide and other greenhouse gases from our activities by at least 55% by 2030 from the base year 2015 and to carbon offset all remaining emissions.
We are setting ambitious targets and will publish the results of our progress in areas where we have the greatest impact, such as buying, our own activities and the services we provide to our customers. We endeavour to enhance our employees' knowledge and understanding of environmental issues and to support our customers' journey towards a green future in accordance with the UN Sustainable Development Goals.
Arion Bank has published its Annual and Sustainability Report and Pillar 3 Risk Disclosures for 2022. The reports are in digital format and are therefore available on the Bank’s website.
READ MOREArion Bank has achieved the score “outstanding” in Reitun’s ESG rating, scoring 90 out of 100 possible points and placing it in category A3. The rating is based on the Bank’s performance in...
READ MOREOne of Arion Bank’s sustainability targets for the year 2022 was to assess and disclose the financed emissions associated with the Bank’s loans and investments for the year 2021.
READ MOREArion Bank, Vörður and Stefnir have been recognized once again as companies which have achieved excellence in corporate governance following a formal assessment based on guidelines on corporate...
READ MOREIn July 2022 Arion Bank received the result of an ESG Risk Rating by the ESG ratings company Sustainalytics, a global leader in ESG research and data.
READ MOREArion Bank has published its Annual and Sustainability Report and Pillar 3 Risk Disclosures for 2021.
READ MOREOn 16 December 2021 Arion Bank completed an offering of green bonds in a new series ARION 26 1222 GB in the amount of ISK 3,640 million.
READ MOREIn 2020 Arion Bank announced the launch of a new green deposit account, called Green Deposits, the first Icelandic bank to offer such an account.
READ MOREArion Bank has achieved an outstanding score in Reitun’s ESG rating. The Bank gained the highest score, a feat achieved by only one other issuer, or 90 points out of a possible 100 and is placed in...
READ MOREArion Bank has recently joined the Partnership for Carbon Accounting Financials (PCAF), a global partnership of financial institutions that work together to develop and implement a harmonized approach...
READ MOREWe use cookies to enhance your browsing experience. Read more about our usage and how you can control them by clicking "Cookie settings".