- High inflation and interest rates in Iceland.
- Settlement with the Central Bank due to violations committed in connection with the sale of a 22.5% Government-held stake in the Bank.
- Increased online fraud due to increased e-commerce.
Íslandsbanki hf.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Íslandsbanki hf. disclosed greenhouse gas emissions of 1.4K tCO2e/year (operational). 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
1.4K tCO2e/year (operational)
2023
Renewable Energy
7.1% of total energy use
of total energy
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 1.4K tCO2e/year (operational) |
| 2020 | 450 tCO2e/year (net) |
| 2019 | 1.3K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced operational carbon emissions by 37% from 2019 to 2023 (excluding one-off emissions in 2023 related to electrical equipment purchase).
- Increased share of ESG risk-assessed credit risk from 76% at the end of 2022 to 93% at the end of 2023.
- ISK 97 billion in outstanding sustainable loans as of end-2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce the carbon footprint from its operations by 50% between 2019 and 2024.
- Reach 100% ESG risk assessment of credit risk by end of Q1 2024.
📅 Medium-term
- Achieve net zero emissions (including financed emissions from loan portfolio) by 2040.
🌱 ESG Focus Areas
EnvironmentalSocialGovernance