Landsbankinn leading in Europe according to Sustainalytics
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.”
About the risk assessment of Sustainalytics
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.