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.
Sustainability Report
Sustainability Report 2025
Kvika’s Sustainability Report for the year 2025 is published alongside the annual financial statements of Kvika and its subsidiaries. In preparing the report Kvika has, for the second time, considered the European Sustainability Reporting Standards (ESRS) for selected disclosing requirements. Deloitte has provided a limited assurance on selected disclosing requirements, as well as on the allocation of green funds under Kvika’s Green Funding Framework, which can be found at the end of the report.
Key focus areas of Kvika´s Sustainability Policy
Good Governance
Emhasis is placed on transparency, accountability and professionalism in governance. In line with the double materiality assessment the focus within sustainability is on sound business practices and compliance with financial market regulations.
Employee Well-being and Advancement
Emphasis is placed on creating a work environment that supports mental, physical, and social well-being, as well as employee development. Equality, diversity, and inclusive workplace where everyone can thrive is actively supported.
Responsible and Trusted Services
Responsible financial services are built on strong ethics, trust, and professional advice. At Kvika, employees strive to provide customers with transparent, honest, and professional services, with a long-term perspective in mind. Strong emphasis is placed on information security and the protection of personal data in the operations.
Sustainable Finance and Fintech
Kvika leverages financial services and technology, among other things, to drive sustainable development. Investment and lending are to consider the ESG factors to the extent possible. Emphasis is placed on developing financial solutions that enhance accessibility, security, and transparency in financial services.

The United Nations Sustainable Development Goals Kvika has adopted:
Partnerships
We are all pursuing the same objective when it comes to sustainability, and good cooperation and partnership is key. Here are examples of Kvika's partnerships:








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
2025 ESG Rating of Kvika from Reitun (www.reitun.is)
2024 ESG Rating of Kvika from Reitun (www.reitun.is)
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.
