Risk assessment is an essential part of Landsvirkjun‘s operation and progression and risk is an inextricable component in an industry of this nature. The Landsvirkjun Board of Directors has set out a comprehensive risk management strategy, based upon the following factors:
- That risk is identified and the origin known
- That validated and recognised measures are used to assess risk.
- That an active monitoring system on risk assessment is ensured.
- That risk is managed in a responsible and efficient manner.
- That there should be a full disclosure policy and that detailed information should be provided to the risk assessment team and the management, on a regular basis.
The main categories for risk assessment include finance, construction, operations, environment and planning.