This report shows public data only. Is this your organisation? If so, login here to view your full report.

Landsbankinn hf.

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Two employees from Landsbankinn took part in PRI in Paris in 2019.

Landsbankinn has been asked to attend board meetings of institutional clients to go over our vision and actions in RI. Landsbankinn has also actively encouraged members of IcelandSIF to join the Bank as members of PRI.

 

 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Landsbankinn has systematically built up knowledge and developed expertise in green bonds issuance and is of course adhering to the Green bond principles. 

Landsbankinn has played a leading role in educating the domestic investment community, has held many educational meetings and as well as private consultations.

 

 

          IcelandSIF
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Landsbankinn plays a key role in the ongoing operations of the IcelandSIF organisation. One employee of Landsbankinn serves as director of the board and another employee plays a leading role in IcelandSIF's education committee. Landsbankinn will be leading the SIF meeting to be held in Harpa Conference Hall in the May 2021 and preperation is already under way.

Landsbankinn employees participated in 6 educational events held in the IcelandSIF forum and the Bank was also actively involved in organisation of the events.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Landsbankinn was a founding member in 1992. In 2019, Landsbankinn became a founding signatory of the PRBs and attended the signing and launch of the initiative at the UN General Assembly in New York, joining a coalition of 130 banks from around the world. The Principles are intended to strategically align financial activity with the UN’s Sustainable Development Goals and the Paris Climate Agreement. 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Landsbankinn publishes an annual ESG Report based on the principles of the Global Reporting Initiative. The report also serves as the annual communication on progress report to the UN Global Compact. The Report contains detailed information about the Bank’s sustainability platform and its impact on the environment and society.
Landsbankinn is also active in the Icelandic network of companies that participate in the UN Global Compact and, together with three other companies, aims to establish a formal Global Compact network for Icelandic companies in 2020.


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          All portfolio managers completed RI training from the PRI Academy.
After signing the PRBs, the Bank presented benchmarks for responsible banking internally for the Bank's staff.
        

Frequency of contribution

Description

          Played an important role in the IcelandSIF organisation
        

Frequency of contribution

Description

          Landsbankinn collaborates with the University of Iceland to develop case studies and training about ESG metrics and criteria setting. The Bank also provides other support and sponsors the courses.

Landsbankinn participated in a MS degree class at the University of Iceland, how to generate Responsible reporting.

Landsbankinn has had University Students in training in the investment team, students that are studying RI.

Landsbankinn has also invited University student's to visit our Investment team to learn about our investment processes and RI.
        

Frequency of contribution

Description

          Distributed questionnaires and collected information about ESG issues within the Icelandic equity market. 
Collaborated with Nasdaq to translate and promote the ESG questionnaire that Icelandic issuers will have opportunity to respond to in coming months.
        

Frequency of contribution

Description

          Landsbankinn has participated in many public events and conferences:
- Speech about Responsible Investment with a special focus on green bond issues delivered to employees of Reykjavik City
- Speech about Responsible Investment delivered to the Association of Internal Auditors
- Speech about the Global Compact delivered to the Business Associations
- Speech about Responsible Investment delivered to the Young Investor Associations
- Speech about future sustainability delivered to Rannís, Nýsköpunarmiðstöð Íslands, Íslandsstofu and Nýsköpunarsjóð
        

Frequency of contribution

Description

          Articles published officially and in-house about RI and Green bonds.
https://www.landsbankinn.is/frettir/2019/07/04/Landsbankinn-og-Landsbref-taka-innleidingu-abyrgra-fjarfestinga-a-naesta-skref/
        

Frequency of contribution

Description

          A Landsbankinn fund manager is on the board of directors of IcelandSIF; another employee is a member of an IcelandSIF advisory group. 
One Landsbankinn employee is a member of the Environmental group of the Iceland Chamber of Commerce.
One Landsbankinn employee is organizing the 2021 meeting for Nordic SIF's to be held in May 2021.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

> Landsbankinn is working with a third party provider to set up ESG metrics and criteria for Icelandic issuers. We are updating our valuation models to incorperate ESG ratings. An agreement providing for ESG risk ratings was signed in June 2019. Link to an article about the venture: https://www.landsbankinn.com/news-and-notifications/2019/07/04/Landsbankinn-and-Landsbref-Take-the-Next-Step-in-their-Introduction-of-Reponsible-Investing/?p=14

> Landsbankinn signed an agreement with MorningStar to get support on foreign ESG ratings for equities, bonds and funds.

> Landsbankinn published an article about how ESG factors influence the company valuation: https://umraedan.landsbankinn.is/umraedan/samfelagid/fyrirtaeki-metin-ut-fra-samfelagsabyrgd/

> Landsbankinn published an article about our goals under the UN Global Compact: https://umraedan.landsbankinn.is/umraedan/samfelagid/heimsmarkmid/

> Landsbankinn signed the PRBs of UNEP FI in October 2019: https://corporate.landsbankinn.com/media/news-and-notifications/2019/09/23/Landsbankinn-becomes-a-founding-signatory-of-the-UNs-Principles-for-Responsible-Banking/?p=8

> Landsbankinn's client achieved certification of a green bond framework: https://www.landsbankinn.com/news-and-notifications/2019/10/31/Green-bond-framework-of-Municipality-Credit-Iceland/?p=9

> Participation in events with IcelandSIF about the presentation, revision and monitoring of non-financial information (ESG):  https://www.icelandsif.is/vidburdir/morgunfundur-um-framsetningu-endursko%C3%B0un-og-eftirlit-me%C3%B0-%C3%B3fj%C3%A1rhagslegum-uppl%C3%BDsingum-21-n%C3%B3vember/

> Landsbankinn published an article and media interview about the increase in demand of green bond issuance: https://www.ruv.is/frett/heildarverdmaeti-graenna-skuldabrefa-fimmfaldast-fra-2015

> Published newspaper articler about green financing for green community project: https://www.vb.is/skodun/graen-fjarmognun-graenum-verkefnum-sveitarfelaganna/159104/ 

> Landsbankinn recieved a very good ESG rating from Sustainalytics: https://www.landsbankinn.com/news-and-notifications/2019/11/18/Landsbankinn-receives-positive-review-in-CSR-from-Sustainalytics/?p=8  

> Landsbankinn held a speech about GRI reporting at a GRI Masterclass training held by Festa, Centre for Corporate Social Responsibility.


SG 11. Dialogue with public policy makers or standard setters (Private)


Top