Landsvirkjun is on the Financial Times’ list of companies across Europe that have shown the highest emissions intensity reduction in core emissions for the observation period 2016 to 2021, with Landsvirkjun’s reduction being 17.4% during that period. Europe’s Climate Leaders comprises 500 companies, with more Icelandic companies joining this year, namely Eimskip, Brim, and Arion Bank.
The criteria evaluate direct and indirect emissions from energy use. Furthermore, emissions intensity in relation to revenues in core emissions, reduction in total emissions, and rating from the global environmental disclosure organisation CDP, where Landsvirkjun received an A, are also a part of the criteria. Based on these criteria, Landsvirkjun is considered a climate leader.
It should be noted that companies with operations that incur environmental damage are not eligible for the FT’s list, even though their reduced emissions comply with the evaluation criteria.
One of the Lowest Emissions
In 2022, emissions from Landsvirkjun’s operations were 3.5 grammes of carbon dioxide per kilowatt-hour generated, one of the lowest emissions from energy generators, even when compared to other energy generation from renewables.
FT’s list of Europe’s Climate Leaders is yet another acknowledgment of Landsvirkjun’s excellent achievement in issues concerning climate change.