Switch to re­new­able en­er­gy fo­cus of new Sus­tain­ab­il­ity Fund

Landsbankinn has established a new grant fund, the Sustainability Fund. The aim of the Fund is to support projects that contribute to sustainability and have a positive impact on the environment.
Aðalheiður Snæbjarnardóttir, Lilja Björk Einarsdóttir, Sara Pálsdóttir
31 January 2022 - Landsbankinn

Initial allocation from the Fund will focus especially on projects related to switching to renewable energy. The Sustainability Fund will award a total of ISK 10 million in grants each year.

The Fund is linked to two of the UN's Sustainable Development Goals that we at Landsbankinn are working systematically towards: No. 13, on climate action and no. 9, on industry, innovation and infrastructure.

Lilja Björk Einarsdóttir, CEO of Landsbankinn:

“We want to contribute to the development of solutions that expedite the switch from fossil fuels to power sources with a smaller carbon footprint. The Sustainability Fund is aimed at students and startups, as well as others. Climate change is the main challenge of our times and we support good ideas and projects that positively affect our environment. There are so many opportunities for innovation in this field. We are continuously developing, be it in sustainable finance, green products or varied support for society. The Sustainability Fund compliments our strategy of being Landsbankinn, an ever-smarter bank. We all need to act together to achieve Iceland’s climate goals.”

Varied support

The Sustainability Fund is an addition to the annual scholarships and community grants allocated from Landsbankinn’s Community Fund. A total of ISK 31 million will be awarded annually from the Community Fund and the Sustainability Fund to projects that have a positive impact on the environment and society. In addition, the Bank supports various other projects throughout Iceland, including humanitarian organisations, art and culture, education and sports, and youth activities.

Initial allocation from the Sustainability Fund is scheduled to take place in spring. We will advertise for applications around the beginning of March.

Photo: Aðalheiður Snæbjarnardóttir, sustainability specialist, Lilja Björk Einarsdóttir, CEO of Landsbankinn, and Sara Pálsdóttir, Managing Director of Community at Landsbankinn.

You may also be interested in
17 May 2024
Credit assessment not available from Friday at 17 until Saturday at 15
Due to maintenance, credit assessment will not be available in the Landsbankinn app and online banking from 17:00 on Friday 17 May until 15:00 on Saturday 18 May.
30 April 2024
Landsbankinn changes interest rates
Landsbankinn changes deposit and lending rates, effective as of 1 May 2024.
5 April 2024
Norwegian, Swedish and Danish bank notes
The use of bank notes in Europe is decreasing and especially in the Nordic countries. Increased digitalisation in commerce and trade and the pandemic have accelerated that development. Measures against money laundering have restricted foreign currency trading in cash severely and rules and legislation to prevent money laundering have been tightened, most notably in the Nordics.
Stúlka með síma
27 March 2024
Easter service - the app can come in handy!
Landsbankinn's branches and customer service centre will be closed during Easter and will open again on Tuesday 2 April.
15 March 2024
Landsbankinn lowers interest rates
Landsbankinn lowers interest rates on new, non-indexed housing mortgages with fixed rates.
15 March 2024
Reduced service due to maintenance Saturday night
Due to maintenance work at the Icelandic Banks' Data Centre (RB), certain of Landsbankinn’s services will be unavailable Saturday night through to Sunday morning, 16-17 March. Service disruptions are expected to last from around midnight on Saturday 16 March through to 7:00 on Sunday morning, 17 March.
Stúlkur með síma
12 March 2024
Landsbankinn’s app nominated as app of the year
Landsbankinn’s app has been nominates in the category “App of the Year 2023” at the Icelandic Web Awards, which take place on 15 March.
7 March 2024
Refinancing easier than ever
You can now refinance your housing mortgage even more easily on our web or through Landsbankinn’s app. Refinancing of housing mortgages has never been quicker or more convenient.
4 March 2024
Outphasing of Danish, Norwegian and Swedish bills
Landsbankinn will cease buying and selling cash in three Nordic currencies in the near future. These currencies are Norwegian, Swedish and Danish krona. 
Fjármálamót á pólsku
4 March 2024
Thanks for attending in Reykjanesbær!
Landsbankinn’s second Financial Forum in Polish was extremely well attended. The Financial Forums are a series of educational events held by Landsbankinn and last week’s event in Reykjanesbær was co-hosted by the Keflavík and Environs Labour and Seaman Union.

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies