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 reflects a decrease from 2023, where total emissions were about 1,298,600 kg CO2e, with Scope 1 emissions at 50,200 kg CO2e, Scope 2 at 57,900 kg CO2e, and Scope 3 at 1,248,700 kg CO2e. The bank's emissions from 2022 were approximately 1,366,700 kg CO2e, indicating a trend of reduction in recent years. Notably, in 2021, total emissions peaked at about 1,805,000 kg CO2e. Landsbankinn has set near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway. These targets cover 41% of its total investment and lending portfolio, with a commitment to submit further targets by April 2024. The bank has not yet committed to a net-zero target. Overall, Landsbankinn is actively working towards reducing its carbon footprint while adhering to industry standards for climate action.
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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.
