Íslandsbanki
Sustainability Report and Carbon Intensity Rankings
Is Íslandsbanki doing their part?
Their DitchCarbon score is 68
Íslandsbanki has a DitchCarbon Score of 68, indicating a moderate level of sustainability in its operations. This score reflects the bank’s efforts to manage and reduce its carbon intensity. A higher score would signify even greater success in minimizing environmental impact through lower carbon intensity.
This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.
Industry emissions intensity
Very low
Low
Medium
High
Very high
Íslandsbanki is a company in the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.
Location emissions intensity
Very low
Low
Unknown
High
Very high
Íslandsbanki is located in Iceland, a region with a carbon intensity rating that is unknown. This uncertainty in the region’s carbon intensity could impact the perceived effectiveness of the bank’s sustainability efforts.
Unlock 30+ emissions data points on Íslandsbanki
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– Historical Scope 1, 2 and 3 emissions
– Coverage of all industries, product level data
– Emissions forecasting, assurances
Unlock 30+ emissions data points on Íslandsbanki
Get the emissions intelligence you need, no surveys required.
– Historical Scope 1, 2 and 3 emissions
– Coverage of all industries, product level data
– Emissions forecasting, assurances
17.17%
...this company is doing 17.17% better in emissions than the industry average.
Founded in 1904, Íslandsbanki is a prominent financial institution based in Reykjavik, Iceland, operating within the finance sector. The company boasts a strong market presence with a focus on the seafood, energy, and Offshore Service Vessel industries in the North Atlantic region. Offering comprehensive banking services, Íslandsbanki is committed to customer satisfaction and has been recognized as the ‘Best Bank in Iceland’ by various financial publications.
emission intelligence's platform recommendations for Íslandsbanki
Íslandsbanki should establish and pursue clear, science-based targets for reducing their Scope 3 emissions to enhance transparency and promote sustainability across their supply chain, potentially decreasing emissions by 35%.
Bad news, Íslandsbanki hasn't committed to SBTi goals yet
Íslandsbanki has not yet established specific commitments with the Science Based Targets initiative (SBTi). This means the bank is still in the process of defining clear, science-based emissions reduction targets to align with global efforts to limit climate change.
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Our methodology
Read about our emission calculation methodologies, and what the DitchCarbon Score means.
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