Arion banki hf
Arion banki's GHG Emissions Data Preview
In 2023, Arion banki completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Arion banki has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
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aVerified Sources Behind Arion banki’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Arion banki’s data sources below and access millions more through our Disclosure Search.
Insights into Arion banki's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Arion banki amounted to 44.6 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Arion banki decreased by 44.67%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Arion banki's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Arion banki's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Arion banki were 31.6 metric tons of CO₂ equivalent (tCO₂e).a
Has Arion banki reduced its Scope 1 emissions over time?
Since 2020, Arion banki's Scope 1 emissions have decreased by 15.73%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), Arion banki's Scope 1 emissions increased by 9.34%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Arion banki's Scope 2 emissions?
In 2023, Arion banki reported Scope 2 greenhouse gas (GHG) emissions of 13 tCO₂e without specifying the calculation method.a
Has Arion banki reduced its Scope 2 emissions over time?
Since 2020, Arion banki's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 87.06%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2022), Arion banki's Scope 2 emissions (Unspecified Calculation Method) fell by 74.85% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Arion banki use for Scope 2 reporting?
In 2023, Arion banki reported its Scope 2 emissions using an unspecified methodology.a
Arion banki's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Arion banki's Value Chain Emissions
In 2023, Arion banki reported 576.6 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of Arion banki includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, down from 7 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
Arion banki's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Arion banki's Scope 3 emissions?
In 2023, Arion banki reported total Scope 3 emissions of 576.6 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 99.71% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.29% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Arion banki reduced its Scope 3 emissions over time?
Since 2020, Arion banki's Scope 3 emissions have increased by 64.32%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2022), Arion banki's Scope 3 emissions decreased by 99.82%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Arion banki disclose?
In 2023, Arion banki reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Arion banki's Scope 3 emissions?
In 2023, the largest contributors to Arion banki's Scope 3 emissions were:a
- Business Travel (Cat. 6): 280 tCO₂e (48.43%)
- Employee Commuting (Cat. 7): 269 tCO₂e (46.52%)
- Purchased Goods and Services (Cat. 1): 17 tCO₂e (2.94%)
Arion banki's Scope 3 Emissions by Categories
Insights into Arion banki's Total Carbon Footprint
In 2023, Arion banki reported a total carbon footprint of 621.2 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.81% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Arion banki's total carbon footprint was Scope 3 emissions, accounting for 92.82% of the company's total carbon footprint, followed by Scope 1 emissions at 5.09%.a