Sustainable business financing
Loans for businesses investing in renewable energy and other projects that meet the bank’s sustainable finance criteria.
Deze mogelijkheid is momenteel in het Engels beschikbaar.
Landsbankinn lends money for qualifying business projects, which you repay to the bank. The loan can also replace existing financing for eligible activities. Renewable-energy examples include solar and wind facilities and electrical heat pumps. The wider offer also covers areas such as energy efficiency, cleaner transport, green buildings and certain social projects; each category has its own criteria.
Eligibility
Small, medium and larger companies can discuss financing with the bank. Your project must fall within an eligible framework category and satisfy its conditions. The bank assesses environmental, social and management risks alongside its ordinary lending requirements, and its Credit Committee makes the final loan decision.
- Geothermal power and heating systems must have lifecycle greenhouse-gas emissions below 100 gCO₂e/kWh: emissions across the system’s life must be below that amount for each unit of energy produced.
- Hydropower must meet at least one test: it is a run-of-river plant without an artificial reservoir; its power density (power output per unit of area) exceeds 5 W/m²; or its lifecycle emissions are below 100 gCO₂e/kWh.
- General business-purpose loans can qualify if at least 90% of the business or project’s revenue comes from activities meeting the framework criteria, and the financing does not fund excluded activities.
- The framework excludes deforestation and forest degradation, adult entertainment, alcoholic-beverage manufacturing, activities directly related to the nuclear industry or to fossil-fuel exploration, production or distribution, defence goods, gambling, military activities, predatory lending, tobacco products, conflict minerals, child labour and forced labour. The bank may exclude companies violating national or international law or agreements ratified by Iceland. It will not knowingly finance greenhouse-gas-intensive projects inconsistent with a low-carbon economy.
- The bank’s sustainability specialists assess whether a financed asset would keep a business dependent on high-emission technology that conflicts with the framework. Loans that are not being repaid as required (“nonperforming loans”) and financing arrangements where the bank has not committed to lend (“uncommitted transactions”) cannot be financed or refinanced under it.
How to apply
- Status
- Doorlopend open
- Voorwaarden voor deze aanvraagronde
- Financing remains subject to project assessment and ordinary credit approval.
Contact Landsbankinn’s business service on 410 5000 or at fyrirtaeki@landsbankinn.is to discuss sustainable financing. If you already have a relationship manager, you can contact them. The bank can involve a sustainability specialist to assess whether your project fits its framework.