Landsbankinn signs declaration of intent on investment to maintain sustainable development
Katrín Jakobsdóttir, Prime Minister of Iceland, signed the declaration of intent on behalf of the government on 25 September 2020. The Prime Minister’s Office, Festa - Centre for Social Responsiility and Sustainability, the Icelandic Financial Services Association and the Icelandic Pension Funds Association developed the declaration in active collaboration with key stakeholders in the financial market.
Emphasis on social responsibility
Landsbankinn places great emphasis on social responsibility in its activities and integrates ESG factors in the Bank’s operations. The Bank’s policy on social responsibility aims to promote sustainability in Icelandic society, be a dynamic force and operate in accordance with the principles of good corporate governance. The Bank has, among other things, adopted a policy on responsible investment based on the United Nations' Principles on Responsible Investment. The Bank works towards three of the UN’s sustainable development goals (SDGs): Goal 5 on gender equality, goal 8 on decent work and economic growth, and goal 12 on responsible consumption and production, etc.