GRI Index

This year the first steps have been taken towards reporting in accordance with the Global Reporting Initiative standard, GRI Core, which helps companies and institutions report information on sustainability in a transparent manner. The information presented in the GRI Index is valid for 2018 and refers to the main operations of Arion Bank.

The coverage of sustainability, the summary of non-financial information and the materiality in the GRI Index take into account the criteria specified by Nasdaq in the Nordic and Baltic region concerning the reporting of non-financial information and the 10 Principles of the UN Global Compact. When selecting material for inclusion, an analysis as made of what material could be published this year and the information published does not give a complete picture of the Bank's impact on society, the environment or the economy. The focus this year was on factors describing Bank’s activities, their social impact, human resources and environmental impact.

In 2019 we will seek to report more non-financial factors in the Bank’s activities.

Material on sustainability and non-financial information in the annual report has not been reviewed by a third party. A summary of non-financial information for 2018 was prepared in collaboration with the Icelandic innovation company Klappir Green Solutions. Klappir specializes in consultancy and web and business solutions relating to sustainability. Such input from third parties enhances the reliability and quality of the material presented in the report.

Financial information has been audited and affirmed by Deloitte.