Sustainability Data Hub
Arion banki hf.
Arion banki hf. provides a range of financial services, including personal and business banking, insurance, and investment solutions. The bank aims to offer comprehensive financial products tailored to meet customer requirements.
1930
Iceland
501 - 1,000 employees
Banking
$1B - 10B in revenue
$1B - 10B in profitability
Sustainability Ranking
- Carbon emissions intensity (normalized by industry)
- Share of renewable electricity consumption (normalized by industry)
- Sustainability maturity
- Intent to leverage sustainability solutions
- Sustainability accreditations and certifications
The ranking takes into account all companies in illuminem's database. It leverages publicly available data as well as responses from the brief illuminem survey (please fill it out here for your company).
Beyond Top 100
(Source: illuminem)
Beyond Top 100
(Source: illuminem)
Sustainability MaturityⓈMaturity gauges how far along a company is on its sustainability journey. It takes into account various factors such as:
- Breadth and depth of sustainability strategy
- Investment in sustainability
- External stakeholder engagement on sustainability topics
- Disclosure, awareness and management of environmental performance
- Sustainability certifications, awards and memberships
The maturity rank is based on a company's overall maturity score compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher maturity result in a higher rank.
Companies at the early stage of their sustainability journey are usually just starting to recognize the importance of sustainability. Their goals are often compliance-driven, cost-saving, or reputation-based, rather than deeply integrated into their core business strategy. Example solutions include services to comply with regulations, compliance software, consulting services, energy management & efficiency to reduce cost, certifications etc.
Companies with high sustainability maturity have deeply integrated sustainability into their core strategy and view it as a competitive advantage. Sustainability is not just a compliance requirement but a business driver that aligns with long-term value creation. Example solutions include insetting & supply chain services, carbon neutrality solutions, circular economy models, innovations in sustainable products and services etc.
(Source: illuminem)
Industry Rank
82 out of 721
Sustainability IntentⓈIntent evaluates a company's propensity to buy sustainability products and services in the near future. It takes into account various factors such as:- Expressed intent by relevant company employees to buy sustainability solutions (reported directly to illuminem)
- Previous company activity in buying relevant solutions (reported to illuminem or aggregated from global registries)
- News or public reports by the company signaling interest to buy relevant solutions
- Intensity and progress against sustainability targets or pledges (reported publicly by the company)
- Level of pressure on sustainability performance from relevant stakeholders (as reported by the company or estimated based on industry/geography)
The intent rank is based on a company's overall intent score compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher intent results in a higher rank.
(Source: illuminem)
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Carbon emissions
Electricity consumption
Carbon certificate projects
Targets
Other sustainability metrics
Targets
| Target | Year | Value | Scope | Baseline |
|---|---|---|---|---|
| Net ZeroⓈCompany sustainability report | 2050 | 100% | 1&2&3 | - |
Progress against targets ⓈCompany sustainability report
Arion Bank has made progress towards its net zero target by reducing greenhouse gas emissions from its own activities (Scopes 1 and 2) by 80% from 2015 levels, with plans to offset remaining emissions. The Bank is working on obtaining a more accurate picture of emissions from acquired goods and services (Scope 3) and aims to reduce financed emissions in high-impact sectors. The Bank's targets are published annually in its report on financed emissions, and it has committed to having its climate targets validated by the Science Based Targets initiative (SBTi) within two years. The Bank's efforts include issuing green bonds and revising its green financing framework to incorporate loans with a positive societal impact.
Sustainability employees
4-6
ⓈThis value represents the estimated number of employees in a company with sustainability-related roles or job titles, as determined by Illuminem using publicly available data.Hlédís Sigurðardóttir
Sustainability OfficerSustainability contactsⓘWe follow the strictest rules to ensure compliance with all the relevant data protection laws, including GDPR. Click here for our Privacy Policy.
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