Climate Action
Landsvirkjun will become carbon neutral in 2025. Then, emissions from the Company’s operations will equal carbon sequestration.
Ambitious Climate Action Plan
Now is the time to act. Companies must set ambitious climate action plans to mitigate climate change.
Therefore, Landsvirkjun has made a Climate Action Plan for 2030.
Our Climate Action Plan offers ambitious targets, mitigation measures, and prioritisation, which guide the path to the future.
Leadership in Climate Action
In 2023, CDP, a global environmental non-profit organisation, awarded Landsvirkjun the highest score for corporate transparency and performance on climate change action. This is the second consecutive year Landsvirkjun is awarded top scores. In 2021, Landsvirkjun scored an A-, the first company in the country to achieve such excellent scores. The A score puts Landsvirkjun on a Leadership level in climate action worldwide.
CDP supports standardised and professional disclosure on climate issues, rating companies, and stimulating continuous improvements. The disclosure is comprehensive and includes companies’ expansive climate control. In 2023, approximately 23,000 companies submitted disclosure on climate issues to CDP.
Landsvirkjun is one of 346 companies awarded the highest score, securing a place on CDP’s A list.
Key Figures
from Landsvirkjun’s Climate Account 2023
Carbon footprint
0tCO₂-eq22%Total emissions
0tCO₂-eq7%Carbon sequestration
0tCO₂-eq2%Net carbon intensity
0gCO₂-eq/kWh22%Total carbon intensity
0gCO₂-eq/kWh7%Carbon intensity of electricity generation
0gCO₂-eq/kWh5%Energy generation
0TWhAvoided emissions
0m. tCO₂-eq
Hörður Arnarson, CEO of Landsvirkjun
“Climate change concerns us all.
Landsvirkjun, the national power company of Iceland, has the responsibility to react to the current situation.
We will do our part in the fight against climate change, one of the most crucial projects of humanity.”
