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Landsbankinn, a prominent player in the financial intermediation services sector, is headquartered in Reykjavik, Iceland. Established in 2008, the bank has rapidly evolved to become a key provider of a wide range of financial services, including personal and business banking, investment services, and asset management.
With a strong focus on innovation and customer service, Landsbankinn distinguishes itself through its commitment to sustainable finance and digital banking solutions. The bank has achieved significant milestones, including a robust market position in Iceland, where it serves a diverse clientele across various regions.
Recognised for its reliability and comprehensive service offerings, Landsbankinn continues to play a vital role in the Icelandic economy, supporting both individual and corporate financial needs with tailored solutions.
44
DitchCarbon score
+7 vs industry average
Landsbankinn’s score of 44 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Landsbankinn's reported carbon emissions
Landsbankinn, a financial intermediation services provider based in Iceland, reported its 2024 emissions at 873,100 kg CO2e. This includes 67,900 kg CO2e from Scope 1, 74,100 kg CO2e from Scope 2, and 731,100 kg CO2e from Scope 3.
In 2023, the bank's emissions were 1,356,800 kg CO2e, comprising 50,200 kg CO2e (Scope 1), 57,900 kg CO2e (Scope 2), and 1,248,700 kg CO2e (Scope 3). In 2022, emissions totalled 931,700 kg CO2e, with 54,800 kg CO2e (Scope 1), 49,000 kg CO2e (Scope 2), and 827,900 kg CO2e (Scope 3). For 2021, Landsbankinn's total reported emissions were approximately 1,805,000 kg CO2e. This included about 78,000 kg CO2e from Scope 1, 75,300 kg CO2e from Scope 2 (both market-based and location-based), and 1,651,800 kg CO2e from Scope 3. Notably, Scope 3 in 2021 included significant contributions from employee commute (298,000 kg CO2e) and capital goods (62,900 kg CO2e).
Landsbankinn has set Science Based Targets initiative (SBTi) near-term targets consistent with a 1.5°C warming scenario, with a target year of 2030. These portfolio targets cover 41% of its total investment and lending by total balance sheet assets as of 2019. The targets also apply to greenhouse gas emissions from the company's operations (Scopes 1 and 2).
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Landsbankinn’s Climate Goals (2030 & 2050)
2 goals2030
50% reduction in scope 3 total
Landsbankinn hf. further commits to reduce absolute Scope 3 categories 1-14 GHG emissions 50% by 2030 from a 2019 base year.
At risk50%
2030
95% reduction in Scope 1
Landsbankinn hf. commits to reduce absolute scope 1 GHG emissions 95% by 2030 from a 2019 base year.
Behind target95%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2028 targetSee details
Active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Landsbankinn2 months ago
44
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Frequently asked questions
Common questions about Landsbankinn’s sustainability data and climate commitments
In 2024, Landsbankinn reported total carbon emissions of approximately 873,100 kg CO2e. This represents a notable decrease from the 1,356,800 kg CO2e recorded in 2023 and the 931,700 kg CO2e in 2022. The emissions in 2021 were around 1,805,000 kg CO2e. This downward trend in reported emissions indicates progress in the bank's environmental management efforts within the financial intermediation sector.
Data year: 2024
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