Arion Bank
Arion Bank, a prominent financial institution based in Iceland, has established itself as a key player in the banking sector since its founding in 2008. Headquartered in Reykjavík, the bank operates primarily within the Icelandic market, offering a comprehensive range of services including retail banking, corporate banking, and investment services. With a commitment to innovation, Arion Bank provides unique financial solutions tailored to meet the diverse needs of its customers. The bank has achieved significant milestones, including the successful launch of digital banking services that enhance customer experience. Recognised for its strong market position, Arion Bank continues to uphold its reputation for reliability and customer-centric service in the competitive landscape of Icelandic finance.
DitchCarbon Score
How does Arion Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Arion Bank's score of 27 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Arion Bank's reported carbon emissions
As of 2021, Arion Bank's total carbon emissions amounted to approximately 251,560 kg CO2e, with emissions distributed across various scopes: 30,400 kg CO2e from Scope 1, 82,600 kg CO2e from Scope 2, and 251,560 kg CO2e from Scope 3. Notably, the bank has committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. In previous years, emissions have shown a general trend of reduction. For instance, in 2020, total emissions were about 350,630 kg CO2e, indicating a decrease in emissions over the following year. The bank's Scope 1 and 2 emissions combined were approximately 113,000 kg CO2e in 2021, down from 138,000 kg CO2e in 2020. Arion Bank has also disclosed its emissions intensity metrics, reporting an intensity of 540 kg CO2e per employee in 2021. The bank's commitment to sustainability is further underscored by its participation in the Science Based Targets initiative (SBTi), where it has set a long-term target for net-zero emissions by 2050, starting from 2023. Overall, Arion Bank is actively working towards reducing its carbon footprint and enhancing its climate resilience, aligning with global sustainability goals.
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Add to project| 2015 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Scope 1 | 86,300 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 94,700 | 00,000 | 00,000 | 000,000 | 00,000 |
| Scope 3 | 271,850 | 000,000 | 000,000 | 000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Arion Bank is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
