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 47 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Landsbankinn's reported carbon emissions
In 2024, Landsbankinn reported total carbon emissions of approximately 879,100 kg CO2e, comprising 67,900 kg CO2e from Scope 1, 74,100 kg CO2e from Scope 2, and 731,100 kg CO2e from Scope 3 emissions. This represents a notable increase in Scope 3 emissions compared to 2023, where total emissions were about 1,248,700 kg CO2e, with Scope 1 at 50,200 kg CO2e and Scope 2 at 57,900 kg CO2e. The bank's emissions data shows a consistent commitment to transparency, with disclosures across all three scopes. Notably, in 2021, Landsbankinn's total emissions reached approximately 1,805,000 kg CO2e, indicating a significant reduction in subsequent years. Landsbankinn has set near-term targets aligned with a 1.5°C pathway, covering 41% of its total investment and lending portfolio as of 2019. These targets are designed to address greenhouse gas emissions from the bank's operations (Scopes 1 and 2) and are consistent with the reductions necessary to limit global warming. The bank is committed to submitting its targets to the Science Based Targets initiative (SBTi) by April 2024. Overall, Landsbankinn's emissions data and climate commitments reflect a proactive approach to sustainability, with ongoing efforts to reduce its carbon footprint while maintaining transparency in its reporting practices.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 78,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 75,300 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 1,651,800 | 000,000 | 0,000,000 | 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 participating in some of the initiatives that 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.
