Kvika Banki hf 2024 SR
The report highlights Kvika Bank's 2024 sustainability performance, marking its first limited application of the European Sustainability Reporting Standards (ESRS). A key achievement was a 47% reduction in total measured greenhouse gas emissions (Scope 1, 2, and 3) compared to the previous year. The company conducted a comprehensive double materiality assessment to align with the Corporate Sustainability Reporting Directive (CSRD) and published its first detailed report on financed emissions. Additionally, Kvika updated its Green Financing Framework to reflect EU Taxonomy requirements and managed over ISK 8.5 billion in green liabilities. Socially, the bank maintained a strong focus on diversity, reporting 40% female representation on the Board and 67% in executive management.
Company: Kvika Banki hf
Sector: Financials
Country: Iceland
Year: 2024
Type: SR
Pages: 70
Kvika Banki hf
Sustainability Report
The report highlights Kvika Bank's 2024 sustainability performance, marking its first limited application of the European Sustainability Reporting Standards (ESRS). A key achievement was a 47% reduction in total measured greenhouse gas emissions (Scope 1, 2, and 3) compared to the previous year. The company conducted a comprehensive double materiality assessment to align with the Corporate Sustainability Reporting Directive (CSRD) and published its first detailed report on financed emissions. Additionally, Kvika updated its Green Financing Framework to reflect EU Taxonomy requirements and managed over ISK 8.5 billion in green liabilities. Socially, the bank maintained a strong focus on diversity, reporting 40% female representation on the Board and 67% in executive management.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Feb 12, 2025
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Employees