Bank Of Iceland

Bank Of Iceland's reported carbon emissions

In 2025, the Bank of Iceland reported total carbon emissions of approximately 1,970,000 kg CO2e. This figure includes Scope 1 emissions of about 2,000 kg CO2e, Scope 2 emissions of approximately 46,000 kg CO2e, and Scope 3 emissions of around 1,045,000 kg CO2e. The Scope 3 emissions breakdown reveals significant contributions from purchased goods and services (approximately 582,000 kg CO2e), business travel (about 210,000 kg CO2e), and employee commuting (approximately 211,000 kg CO2e). The bank has set ambitious climate commitments, aiming for an 80% reduction in greenhouse gas emissions from its own activities (Scopes 1 and 2) by 2030, based on 2015 levels. Remaining emissions will be offset. Additionally, the bank is committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term strategy. The Bank of Iceland is a member of the Science Based Targets initiative (SBTi) and has committed to net-zero emissions, with a deadline for target submission set for April 2023. The bank's climate strategy reflects its dedication to sustainability and responsible banking practices, aligning with global efforts to combat climate change.