Arion Bank hf., Research Division Sustainability Profile
Arion Bank hf., commonly referred to as Arion Bank, is a prominent financial institution headquartered in Reykjavik, Iceland. Established in 2008, the bank has rapidly evolved to become a key player in the Icelandic banking sector, offering a diverse range of services including retail banking, corporate banking, and investment services. With a strong focus on innovation and customer service, Arion Bank provides unique financial solutions tailored to meet the needs of individuals and businesses alike. The bank has achieved notable milestones, including significant advancements in digital banking, positioning itself as a leader in the industry. Arion Bank's commitment to sustainability and community engagement further enhances its reputation, making it a trusted choice for clients across Iceland and beyond.
DitchCarbon Score
How does Arion Bank hf., Research Division'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 Funds, trusts, and financial vehicles 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 hf., Research Division's score of 31 is higher than 58% 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 hf., Research Division, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The bank is a current subsidiary of Arion banki hf., which may influence its climate commitments and emissions reporting. Despite the lack of direct emissions data, Arion Bank hf. is part of a broader corporate family that may have established climate initiatives. However, there are no documented reduction targets or commitments to the Science Based Targets initiative (SBTi) or other climate pledges at this time. As a current subsidiary, Arion Bank hf. may inherit climate strategies and performance metrics from its parent organisation, Arion banki hf., but specific details on these initiatives are not provided. The bank's commitment to addressing climate change and reducing carbon emissions remains unclear without concrete data or defined targets.
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| 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 86,300 | 00,000 | 00,000 | 00,000 | 00,000 | 000,000,000 |
| Scope 2 | 94,700 | 00,000 | 00,000 | 000,000 | 00,000 | 000,000,000 |
| Scope 3 | 271,850 | 000,000 | 000,000 | 000,000 | 000,000 | - |
How Carbon Intensive is Arion Bank hf., Research Division's Industry?
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Arion Bank hf., Research Division's Scope 3 Categories Breakdown
Arion Bank hf., Research Division's Scope 3 emissions, which decreased by 28% last year and decreased by approximately 7% since 2015, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 69% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 75% of Scope 3 emissions.
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Arion Bank hf., Research Division's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Arion Bank hf., Research Division has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
