Landsbankinn
Landsbankinn, officially known as Landsbanki Íslands hf., is a prominent financial institution headquartered in Reykjavik, Iceland. Established in 1886, the bank has evolved significantly, becoming a key player in the Icelandic banking sector, with a strong presence across the country. Operating primarily in retail and corporate banking, Landsbankinn offers a diverse range of services, including personal banking, loans, investment solutions, and asset management. Its commitment to innovation and customer service sets it apart in a competitive market. Recognised for its stability and reliability, Landsbankinn has achieved notable milestones, including its successful recovery following the 2008 financial crisis. With a focus on sustainable banking practices, the bank continues to strengthen its market position, serving both individual and business clients with tailored financial solutions.
DitchCarbon Score
How does Landsbankinn'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
Landsbankinn's score of 15 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Landsbankinn's reported carbon emissions
In 2023, Landsbankinn reported total carbon emissions of approximately 1,357,000 kg CO2e. This figure includes 50,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 57,900 kg CO2e from Scope 2 emissions. The majority of their emissions, about 1,248,700 kg CO2e, fall under Scope 3, which encompasses business travel (156,300 kg CO2e), employee commuting (245,500 kg CO2e), waste generated in operations (10,400 kg CO2e), and fuel and energy-related activities (12,000 kg CO2e). Comparatively, in 2022, the bank's total emissions were approximately 932,000 kg CO2e, indicating a significant increase in emissions in 2023. The breakdown for 2022 shows 54,000 kg CO2e from Scope 1, 49,000 kg CO2e from Scope 2, and 827,900 kg CO2e from Scope 3. Landsbankinn has set near-term targets aligned with a 1.5°C pathway, aiming to cover 41% of its total investment and lending by total balance sheet assets as of 2019. These targets are designed to ensure that emissions from company operations (Scopes 1 and 2) are consistent with the reductions necessary to limit global warming. The bank is committed to submitting these targets by April 2024, although it has not yet committed to a net-zero target. Overall, Landsbankinn's emissions data and climate commitments reflect a proactive approach to addressing climate change within the financial sector, particularly in Iceland.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 78,000 | 00,000 | 00,000 |
| Scope 2 | 75,300 | 00,000 | 00,000 |
| Scope 3 | 1,651,800 | 000,000 | 0,000,000 |
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.
Landsbankinn 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.
