Impact and allocation report on green financing at Arion Bank

Arion Bank has published an Impact and Allocation Report on green financing at Arion Bank for 2024. The report contains an overview of allocation to projects which meet the requirements on green financing under the Bank’s sustainable financing framework and highlights the positive environmental and climate impact they have. The report also showcases examples of projects which Arion Bank has financed and which illustrate the ambition we hope to inspire by issuing sustainable financial instruments.

Last year, the Bank’s green financing framework, published in 2021, was updated to become a sustainable framework. The framework incorporates new categories on social factors which have a positive impact on society. We have also refined the categorization of green projects, and greater importance is assigned to the circular economy and sustainable algaculture.

Since 2021 Arion Bank has held seven green bond issues, two of which were held in 2024 and a further two so far this year. The Bank is continually striving to develop and expand its range of green products, which include green mortgages and car loans, deposits and business loans to projects aligning with the framework.

Arion Bank's Impact and Allocation Report 2024