As a large purchaser of goods and services, Íslandsbanki is in a position to act as a positive force in society in its purchasing and procurement activities. The Bank does this in part by considering environmental, social, and governance factors in its purchasing. Furthermore, the Bank promotes effective competition and focuses on economy, non-discrimination, and transparency in its purchasing activities. The Bank takes the appropriate measures to prevent discrimination on the basis of subjective factors. Íslandsbanki has adopted internal protocols for purchasing and takes care to comply with statutory and regulatory provisions at all times. The Bank’s responsible purchasing policy applies to all of its procurement activity.