Our rating drops from 13.5 to 9.7 on a scale to 100 and we move from second to first place. This means that Sustainalytics considers Landsbankinn at exceedingly low risk of experiencing material financial impacts from ESG factors.
Lilja Björk Einarsdóttir, CEO of Landsbankinn: “We are extremely proud to achieve this best ESG risk rating from Sustainalytics. These results show that we are on the right track and are a testament to the great deal of work we have done to advance our sustainability journey in the past decade. We’ve recently received external review of our sustainability report and international carbon neutral certification. Other factors of note, and that will play an increasingly important role in the future, include a changing work environment, job diversification around the country and the ability to turn challenges into opportunities. The new ESG risk rating from Sustainalytics, concluding that the Bank is at low risk for ESG, is a good check of our current position and the challenge now becomes to keep up our momentum to remain at the forefront.”
More about the Sustainalytics risk assessment
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 sub-industry. 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.
Sustainalytics has issued ESG risk ratings for just under three decades and counts as one of the global rating firms most looked to by investors when assessing corporate ESG risk.