16. febrúar 2022
Reports published by Arion Bank for 2021
Arion Bank has published its Annual and Sustainability Report and Pillar 3 Risk Disclosures for 2021.
LESA NÁNARAt Arion Bank we are dedicated to working responsibly, in harmony with society and the environment.
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 2021We 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 2021.
LESA NÁNAROn 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.
LESA NÁNARIn 2020 Arion Bank announced the launch of a new green deposit account, called Green Deposits, the first Icelandic bank to offer such an account.
LESA NÁNARArion 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...
LESA NÁNARArion 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...
LESA NÁNARArion Bank and Vörður have recently received the FKA Equality Scale Award. A total of 38 companies, seven local authorities and 8 public sector bodies were recognized this year and also received the...
LESA NÁNARFor many years Arion Bank has placed great importance on equality in all areas of its business. The main emphasis in recent years has been on ensuring that people are paid equal salaries for equally...
LESA NÁNAROn Wednesday 7 July, Arion Bank issued a new 4 year senior unsecured green bond for a total of €300 million. This was the first green bond from Arion Bank.
LESA NÁNARArion Bank has published a Green Financing Framework which applies to the Bank’s funding and lending activities.
LESA NÁNARAccording to Arion Bank’s Environment and Climate Policy the Bank requires its suppliers to take into account the environmental and climate impact of their activities.
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