Aðalheiður Snæbjarnardóttir has advanced to become the first Sustainability Manager of Landsbankinn. Aðalheiður has worked in the field of sustainability at the Bank since 2019. The new position of Sustainability Manager is intended to sharpen the Bank’s focus on sustainability which is growing in importance and becoming an ever larger part of our work. Aðalheiður will continue to work closely with other staff from across the Bank, such as in Finance & Operation, Corporate Banking, Risk Management and in product development.
“Sustainability is integral to work in all of the Bank’s divisions and in society in general. My role is to ensure that the service level of the sustainability function meets the Bank’s standards and that we fulfil all of our external obligations. The scope of sustainability at the Bank grew considerably in 2021 and we are certainly not going to slow down now. This Decade of Action will by busy and financial undertakings will play a key role in achieving the objectives of the Paris Agreement to limit global warming to below 1.5°C. We must reach this goal to ensure the continued survival and quality of life of humankind for the future. Landsbankinn intends to continue be a leading financial undertaking in sustainability,” says Aðalheiður.
More sustainable finances
We have long worked to increase the sustainability of finances to contribute to the environment and society and are currently working systematically on four of the UN Sustainable Development Goals. Last year, we achieved several important milestones on our sustainability journey. We calculated GHG emissions from the Bank’s loan book, issued two green bond series, launched the Bank’s Sustainable Financing Label and introduced a new savings account and fund to contribute to sustainability. We also published a detailed analysis of our carbon footprint and achieved our best Sustainalytic’s ESG risk taking to date. The Bank’s Sustainability Fund was created and its aim is to support projects that contribute to the energy transition.