Environmental Report 2015
Successes and challenges
Landsvirkjun celebrated its 50th Anniversary in 2015. The occasion was used as an opportunity to look back at our history and to look to the future and the many opportunities and challenges awaiting us.
Climate change is one of the most urgent issues of today. The issue demands the cooperation of stakeholders, businesses and the public as well as a worldwide effort. Landsvirkjun’s new Environmental Policy and the Company’s objectives with regard to climate change are based on the international commitments that the Company has undertaken.
Open access to data
Landsvirkjun has kept Green Accounts since 2006. These green accounts show numerical data on environmental matters within the Company and the development of environmental issues.
They include a summary of the Company's utilisation of resources, total emissions from all operations into the atmosphere, water and soil and the results of environmental research. The Company’s new policy and the priorities outlined therein provide the tools needed to further reduce the environmental impact of Landsvirkjun’s operations.
Energy in nature
Iceland is rich in renewable energy resources. Water and thermal energy have been utilised for energy generation for many years. Wind power is a new and exciting energy option in Iceland and its potential is currently being assessed by Landsvirkjun.
Landsvirkjun generates energy exclusively from renewable sources and places a great emphasis on sustainable utilisation. Renewable energy sources are sources such as hydropower, geothermal energy and wind power. These sources all rely on stable natural processes that replenish the source and cannot be depleted by utilisation.
A carbon neutral company by 2030
The Company's operations are based on the utilisation of renewable energy but the importance of limiting the greenhouse gas emissions inevitably caused by operations is still of the utmost importance.
Landsvirkjun’s carbon footprint is defined as the total set of annual GHG emissions from Landsvirkjun’s operations minus estimated carbon binding measures via land reclamation and re-forestation. Landsvirkjun intends to become a carbon neutral company by 2030.