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.
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.

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.

There’s always room for improvement,

DitchCarbon recommends...

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%.
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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.