Sustainability
The Kvika Group is a responsible participant in society. We emphasize long-term thinking and contribute to a sustainable society.
Sustainability is at the core of Kvika’s business model, and we always take the ESG factors into consideration in our decision-making processes. Sustainability is considered in product development and innovation, and when we communicate with our partners and customers. We attach great importance to diversity among our staff and their well-being, training, and participation in community projects.
Product development and innovation
We consider aspects of ESG in all product development and focus on the types of innovation that help reduce greenhouse gas emission and simplify and strengthen the infrastructure of financial services.
Sustainable business environment
As a financial company, we can have a positive impact on our business environment by making more stringent sustainability requirements of our customers and partners – for instance, by means of responsible loans, investments, and when selecting suppliers.
Internal and external communication
We focus on channelling information and training in sustainability to stakeholders – including to our customers and employees – such as via marketing, media coverage, and education.
Staff and society
We promote diversity, greater well-being and job satisfaction among our employees, and support the participation of employees in the Group´s social projects.
Sustainability Report
Sustainability Report 2023
The Sustainability Report is based on the Nasdaq ESG Reporting Guide 2.0, taking account of the GRI Standards, and addressing relevant indicators. Deloitte has provided Kvika’s non-financial disclosures for the year 2022 a limited assurance, which can be accessed here.
Partnership
We are all pursuing the same objective when it comes to sustainability, and good cooperation and partnership is key.
Sustainability Library*
Environment (E) *
Environmental and employee transportation policy
Green Financing Framework 2021
Sustainalytic´s Second Party Opinion on Kvika´s Green Financing Framework
Green deopsit accounts of Auður, Kvika´s brand
Social (S) *
Governance (G) *
Policy on responsible product and service offerings
Sustainability reports, third party assessments and related documents
Independent Auditor´s Limited Assurance on Kvika´s Sustainability Report 2022
Independent Auditor´s Limited Assurance on Kvika´s Sustainability Report 2021
Allocation and Impact Report 2023 (from Kvika´s Sustainability Report)
Allocation and Impact Report 2021 (page 17 in Kvika´s Sustainability Report)
Sustainalytics Second-Party Opinion on Kvika's Green Funding Framework 2024
Sustainalytic´s Second Party Opinion on Kvika´s Green Financing Framework 2021
2023 ESG Rating of Kvika from Reitun (www.reitun.is)
2022 ESG Rating of Kvika from Reitun (www.reitun.is)
*The library may not include Kvika´s entire E, S and G related material. Some policies may have been summarized and some may not have been translated into English. Please contact us at kvika@kvika.is if you have any inquires.