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Arion Bank hf.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Arion Bank hf. disclosed greenhouse gas emissions of 153 ktCO2e (2022, excluding sovereign bonds). By scope: Scope 3: 139 ktCO2e from loans to corporates (2022). 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
153 ktCO2e (2022, excluding sovereign bonds)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 139 ktCO2e from loans to corporates (2022) |
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 |
|---|---|
| 2023 | 153 ktCO2e (2022, excluding sovereign bonds) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced greenhouse gas emissions from own activities (Scopes 1 & 2) by 75.5% since 2015; aiming for 80% reduction by 2030.
- Green lending represented 10.7% of the Bank’s total loan portfolio in 2023.
- 93% of the total loan portfolio and 96% of investment portfolio measured for carbon footprint using PCAF methodology.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase percentage of sustainable lending to at least 20% of the Bank’s total loan book by 2030.
- Reduce greenhouse gas emissions from own activities (Scopes 1 & 2) by 80% by 2030 (from 2015 baseline).
- Reduce emissions intensity in specific high-impact sectors by 2030 (targets specified in the report).
🔭 Long-term
- Achieve net-zero emissions by 2040.
🌱 ESG Focus Areas
Climate ChangeGender Equality