19. May 2020 - News and Notifications
Landsbankinn improves its score in a new ESG risk rating from Sustainalytics, decreasing its score from 17.5 to 13.5 on a scale to 100. Landsbankinn now ranks 2nd out of 382 European banks analysed by Sustainalytics. Sustainalytics considers Landsbankinn at low risk of experiencing material financial impacts from ESG factors.
In 2019, Landsbankinn scored 17.5 points and now decreases its score to 13.5 points, moving from 6th of 376 to 2nd out of 382 banks assessed by Sustainalytics.
Lilja Björk Einarsdóttir, CEO of Landsbankinn: “There is great recognition in placing 2nd out of almost 400 European banks in Sustainalytics’ assessment. We are focused on robust and stable operation and on developing long-term business relationships. A solid risk culture and social responsibility are of high importance and we perceive that customers increasingly trust us to lead in these areas. We are extremely proud of this result and have every intention of maintaining our lead in this field.”
An ESG risk rating assesses a company’s exposure to and management of the ESG issues that are considered most material for that company based on its subindustry. The methodology evaluates the degree of a company’s unmanaged material ESG risk. The more of this risk that is unmanaged, the higher the ESG risk rating score.
ESG risk rating
Landsbankinn’s ESG Report for 2019
Forsíða - 30 June 2020 01:16 PM
It is quite common to invest part of savings in accounts in foreign currencies. When the Icelandic króna (ISK) depreciates, currency gains accrue to these accounts and the Bank is obligated to withhold a 22% financial income tax on such gains.
Weekly bulletin - 29 June 2020 09:56 AM
The CPI based on prices in June increased by 0.44% MoM. Statistics Iceland expects the GDP to decrease by 8.4% in 2020. Unemployment in May was 9.9%, according to Statistics Iceland's labour force survey. The CBI released its quarterly Economic Indicators.
Forsíða - 23 June 2020 12:37 PM
This year, Reykjavík Culture Night will be celebrated in a different form to avoid overly large gatherings, in accordance with Covid-19 guidelines from the Civil Protection Authorities. The festival will take place over a 10-day period, 13-23 August.
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
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