Landsvirkjun is a state-owned company and our role is to consistently endeavour to maximise the potential yield and value of the natural resources we have been entrusted with, in a sustainable, responsible and efficient manner.
to maximise the potential yield and value
of the natural resources it has been entrusted
with in a sustainable, responsible and efficient manner
Social responsibility policies
Social responsibility is about creating value for our owners, treating the environment and all natural resources with respect and ensuring that knowledge dissemination and the positive effects of our operations reach society.
Landsvirkjun ensures that its policy on social responsibility is enforced by setting goals and by placing an emphasis on the following aspects in the operations of the Company:
- Landsvirkjun operates in accordance with responsible corporate governance standards.
- Landsvirkjun is committed to having a positive effect on its value chain.
- Landsvirkjun is committed to being at the forefront of environmental matters.
- Landsvirkjun endeavours to work in consensus with society.
- Landsvirkjun places an emphasis on leading the way in health and safety as well as in HR matters.
- Landsvirkjun shares its expertise to support innovation and to help the development of the economy and society.
Landsvirkjun is a member of the UN Global Compact which creates a global standard for social responsibility. We have committed to implementing the principles outlined by the UN in the areas of human rights, labour, the environment and anti-corruption.
Landsvirkjun’s operations have an inevitable impact on the environment and the Company has therefore developed a clear environmental policy. Landsvirkjun’s Environmental Policy is as follows:
Landsvirkjun is at the forefront of environmental issues and supports sustainable development within society. The Company is committed to acquiring knowledge on the environmental impact of its operations and to reducing any impact.
The Policy includes five policy targets which can be seen in the table below.
Work began on the quantitative targets of these policies this year with the exception of carbon neutrality and operations without environmental incidents.
Landsvirkjun’s Management System
Landsvirkjun operates a management system that keeps track of Company policy and procedures by integrating the management of the Company at its headquarters and power stations into one coherent, cross-functional system. Landsvirkjun’s Management System is certified according to international standards and all employees are expected to adhere to the system.
Our policy objectives provide support in operations and in fulfilling our commitments to our clients, employees and other stakeholders as well as contributing to environmental protection matters. The objective is to ensure the reliability of operations in an efficient and secure manner as well as ensuring that both internal and external demands are met and to support continuous improvement via a systematic review and re-evaluation of the performance of the Company.