Landsvirkjun is a state owned company. 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. The efficient generation of electricity, in harmony with the environment and society, enables the Company to actively take part in the development of a dynamic and profitable labour market at the forefront of the international market.
Landsvirkjun has established an ambitious strategy on corporate social responsibility which states that it is the Company’s role to create value, to respect and protect natural resources and the environment and to share its expertise in order to effectively contribute to society. Landsvirkjun ensures that its policy on corporate social responsibility is executed by setting clear goals and by following these six main guidelines in its operations.
Landsvirkjun has signed the UN Global Compact on social responsibility. Landsvirkjun has committed to implementing the ten principles outlined by the UN in the areas of human rights, labour, the environment and anti-corruption. The UN Global Compact is the largest CSR initiative in the world with over 8000 members worldwide. The 10 Principles of the UN Global Compact are embedded in Landsvirkjun’s CSR work, including the annual CSR goals. The Principles encompass the CSR strategy and focus areas. Progress is demonstrated through the annual Communication on Progress report.
The Community Fund was established in 2010 in order to effectively allocate funding to a variety of good causes including a number of charities, cultural and educational projects and sports and leisure projects. The fund’s policy is to support projects with broad community relevance and the potential to positively impact Icelandic society. The Community Fund Board is appointed by Landsvirkjun’s employees.