Arion Bank retains outstanding ESG rating from Reitun

Arion Bank has achieved the score “outstanding” in Reitun’s ESG rating, placing it in category A3. The rating is based on the Bank’s performance in environmental, social and governance (ESG) issues in its operations. The Bank once again scored 90 out of a possible 100 points and thus met the stricter requirements made in this year’s assessment. 90 points is the highest score given by Reitun, and the Bank is one of three issuers placed in category A3. Approximately 40 Icelandic issuers have been assessed.

In explaining its decision, Reitun concluded that Arion Bank was determined to perform well in terms of sustainability and had achieved excellent results. It also noted that the Bank was well aware of the positive impact it can have on society and the environment and therefore set a good example for the Icelandic market.

See the attached summary of the main results from Reitun.

Arion Bank ESG rating - summary of results 2023