- Potential negative environmental and social outcomes from eligible projects (community relations, biodiversity risks), risks of financing environmentally and socially harmful activities.
Kvika banki hf.
Greenhouse gas emissions & sustainability report data
In its 2020 reporting, Kvika banki hf. disclosed greenhouse gas emissions of 25.5 tCO2e/year (2020). By scope: Scope 1: 22.1 tCO2e/year (2020); Scope 3: 3.4 tCO2e/year (2020). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
25.5 tCO2e/year (2020)
2020
📊 Emissions by Scope (2020)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 22.1 tCO2e/year (2020) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.4 tCO2e/year (2020) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2020 | 25.5 tCO2e/year (2020) |
| 2019-01 to 2020-12 | 25.5 tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced total GHG emissions from 56.1 tCO2e in 2019 to 25.5 tCO2e in 2020. Scope 1 and 2 emissions reduced from 24.6 tCO2e to 22.1 tCO2e, and Scope 3 emissions reduced from 31.5 tCO2e to 3.4 tCO2e.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Full allocation of proceeds within 24 months of each issuance.
🌱 ESG Focus Areas
Clean TransportationGreen BuildingsRenewable EnergyClimate ChangeGHG Emissions Reduction