Kvika is now party to a memorandum of agreement regarding sustainable development investments that involve close to 80% of all assets on the Icelandic financial market.

 

On Friday, September 25, Prime Minister Katrín Jakobsdóttir, acting on behalf of the Icelandic government, and parties representing close to 80% of all assets on the Icelandic financial market signed a “Memorandum of agreement regarding sustainable development investments”. Festa – Center for Sustainability and Social Responsibility, the Icelandic Financial Services Association, the Icelandic Pension Funds Association and the Office of the Prime Minister developed the memorandum through an extensive consultation with representatives of major stakeholders on the financial market.

 

During this unprecedented era in history, the memorandum of agreement marks a singular undertaking by the government and private parties. The extensive effects of COVID-19 further emphasize the important role that sustainability plays in future developments.

 

Kvika is concerned with its social responsibility. The company’s policies stipulate the importance of affecting long-term positive changes within society. In effect, this means that the long-term effects of all decisions are taken into account, whether they relate to the bank’s internal concerns or customer concerns.

 

The bank’s operations should fall in line with the interests of society at large, e.g. in relation to environmental issues and good governance.

The memorandum of agreement regarding sustainable development investments can be found here.