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 32 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Arion Bank's reported carbon emissions
In 2024, Arion Bank, headquartered in Iceland (IS), reported total carbon emissions of approximately 675,300 kg CO2e. This includes Scope 1 emissions of about 30,500 kg CO2e, Scope 2 emissions of approximately 23,700 kg CO2e (market-based), and significant Scope 3 emissions of around 1,305,800 kg CO2e. In 2023, the bank's total emissions were about 660,900 kg CO2e, with Scope 1 at 31,600 kg CO2e, Scope 2 at approximately 25,900 kg CO2e (market-based), and Scope 3 at around 603,500 kg CO2e. Arion Bank has set ambitious climate commitments, aiming for an 80% reduction in emissions from its activities (Scopes 1 and 2) by 2030, compared to 2015 levels. The bank plans to offset any remaining emissions. This target reflects a commitment to sustainability and aligns with industry standards for climate action. Additionally, Arion Bank is committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. The bank's emissions data is sourced directly from its own reporting, with no cascaded data from parent organizations.
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| 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 participating in some of the initiatives that 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.
