Key Financial Indicators and Balance Sheet Analysis Q1 2023
The Bank received strong ESG ratings and the green
asset pool grew by 16% in 2022
The Bank will continue to focus on sustainability in its operations and measure its impact. We aim to raise the ratio of green lending
to 20% of the Bank's total loan portfolio by 2030 in line with our green financing framework.
MORNINGSTAR SUSTAINALYTICS
ESG
INDUSTRY
TOP RATED
2023
Sustainalytics places Arion Bank in
the top 6th percentile of banks
(around 1,000 banks globally) and
the top 4th percentile of regional
banks (around 400 banks). On a
scale of 0-100, Arion Bank received
12 points, with fewer points
signifying lower risk which places the
Bank in the low-risk category.
Reitun
Arion Bank has achieved the score
"outstanding" in Reitun's ESG rating,
scoring 90 out of 100 possible points
and placing it in category A3. The
rating is based on the Bank's
performance in environmental, social
and governance (ESG) issues in its
operations. This is the third year in row
the Bank has achieved this score.
Diversified pool of eligible green assets
(total ISK 151bn) at YE 2022
14%
Energy efficency
4%
Pollution precention
and control
3%
Clean transportation
Green bonds represent 24.7% of borrowings
Arion Bank's emissions from loan portfolio in 2021
25
Fishing industry
9%
Other sectors
2%
Wholesale and retail
trades
3%
Transportation
9%
Real estate and
construction
3%
Motor vehicle
✓ PCAF
4%
Agriculture
28%
Partnership for
Carbon Accounting
Financials
Residential mortgages
0,4%
Industry, energy and
manufacturing
42%
The Bank's total financed emissions in 2021 was 279.4ktCO₂e
92.5% of total loan portfolio has been measured
Green deposits (ISK bn)
5
8
21
2020
2021
2022
36%
Sustainable fishery
and aquaculture
24.7%
43%
Green buildings
Green assets represent 12.5% of the Bank's loan book
12.5%
OView entire presentation