News

Launch of first global stand­ard to mea­sure and report fin­anced em­issi­ons

The Partnership for Carbon Accounting Financials (PCAF) today launched the Global GHG Accounting and Reporting Standard for the Financial Industry.
18. November 2020

Landsbankinn has been an active participant in the development of the Standard. The PCAF Standard provides banks and other financial institutions with a robust and clear way of measuring and reporting GHG emissions tied to lending and investment activities. This marks a certain milestone in work towards sustainability for financial institutions as a common methodology and standard to measure their indirect impact has not been available before.

Landsbankinn, alone among Icelandic banks, has in recent years participated in the development of the PCAF Standard along with 15 other financial institutions from around the world. These include Morgan Stanley, Bank of America and Amalgamated Bank in the USA, and the Dutch banks ABN AMR, Robeco and FMO, plus various stakeholders. Already, 86 financial institutions have committed to the PCAF Standard.

Aðalheiður Snæbjarnardóttir, Sustainability Officer at Landsbankinn: “The launch of the PCAF Standard allows financial institutions to measure carbon emissions from their asset portfolio in a scientific and standardised manner. Landsbankinn wants to know the real impact of its loan and asset portfolio and can now begin compiling that data. Once we have the results, we will publish them regularly to ensure that the Bank’s investors and other stakeholders have a clear picture of real emissions from the portfolio, as well as developments. This information will be key in the comparison of financial institutions in the near future.”

Þú gætir einnig haft áhuga á
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18 Jan 2021

Icelandic Economic Weekly: 18 January 2021

The CBI published a report on the foreign exchange market, exchange rate developments, and international reserves in 2020. The Government Debt Management Agency published its monthly Market Information report. S&P Global Ratings issued a credit rating for Landsbankinn’s covered bonds. Registered unemployment was 12.1% in December, 1.4 pp of that figure due to part-time claims.
11 Jan 2021

We reopen branches - please continue to make appointments

We will reopen Landsbankinn's branches as soon as changes to restrictions on gatherings enter into force on Wednesday, 13 January. Please continue to make appointments to visit us to help us uphold 2-metre distance and ensure that we respect the 20 persons rule.
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11 Jan 2021

Icelandic Economic Weekly: 11 January 2021

The CPI based on prices in December increased by 0.20% MoM, bringing the headline number to 3.6%. The CBI released its quarterly Economic Indicators report. The GDM released an annual prospect for 2021, quarterly prospect for Q1 2021, and a Medium-Term Debt Management Strategy for the period 2021-2025. The CBI will continue its regular programme of foreign currency sales in January. Icelandair released traffic data for December.
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8 Jan 2021

The Icelandic króna depreciated in 2020

The Icelandic króna depreciated somewhat against the currencies of main trading countries last year. The euro was 14.9% dearer at year-end 2020 than at the beginning of the year, the US dollar 5.0% and the British pound 8.9% dearer.
16 Dec 2020

Our service in December - we find solutions

Due to restrictions on gatherings, banking now primarily takes place over the phone, the Internet and appointments, as traditional service in branches is temporarily suspended. Landsbankinn gift cards can be ordered on landsbankinn.is and picked up at a branch.
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14 Dec 2020

Icelandic Economic Weekly: 14 December 2020

Last week's highlights and the week ahead.
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10 Dec 2020

Landsbankinn sells 12.1% shareholding in Stoðir

Landsbankinn has sold its shareholding in Stoðir hf. in an open sale process. The deadline to submit offers expired at 17:00 on Tuesday, 8 December.
10 Dec 2020

Applications for Klassi recreation grants open until 15 December

Members of Klassi can now apply for a recreation grant to support participation in recreational activities.
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7 Dec 2020

Icelandic Economic Weekly: 7 December 2020

Last week's highlights and the week ahead.
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4 Dec 2020

Overview of the Icelandic FX market

The EUR fell by 3.2% and the USD 5.6% against the ISK in November.
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