Landsvirkjun
Landsvirkjun, officially known as Landsvirkjun National Power Company, is a leading renewable energy producer based in Iceland. Established in 1965, the company has significantly contributed to the nation’s energy landscape, primarily focusing on hydroelectric and geothermal power generation. With its headquarters in Reykjavík, Landsvirkjun operates major facilities across Iceland, harnessing the country’s abundant natural resources. The company is renowned for its commitment to sustainability and innovation, providing clean energy solutions that power both local industries and international markets. Landsvirkjun's unique approach to energy production, combined with its strategic investments in infrastructure, has solidified its position as a key player in the renewable energy sector. Notable achievements include being one of the largest producers of renewable energy in Europe, showcasing its dedication to environmental stewardship and energy efficiency.
DitchCarbon Score
How does Landsvirkjun's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Landsvirkjun's score of 30 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Landsvirkjun's reported carbon emissions
In 2023, Landsvirkjun reported total carbon emissions of approximately 49,312,000 kg CO2e. This figure includes 44,348,000 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 169,242,000 kg CO2e from Scope 3 emissions, encompassing indirect emissions from the value chain. Notably, Scope 2 emissions were reported at approximately 2,641,874,000 kg CO2e, indicating a significant energy-related impact. Over the past five years, Landsvirkjun's emissions have shown fluctuations, with total emissions decreasing from about 65,753,000 kg CO2e in 2018 to the latest figure in 2023. The company has made strides in reducing its carbon footprint, achieving a reduction from approximately 48,626,000 kg CO2e in 2019 to 46,246,000 kg CO2e in 2022. Despite these reductions, there are currently no specific reduction targets or climate pledges documented, indicating a potential area for future commitment. Landsvirkjun's ongoing efforts to monitor and report emissions reflect its engagement with climate accountability, although further initiatives could enhance its sustainability profile.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 48,872,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 11,000 | 00,000 | 00,000 | 00,000 | 00,000 | 0,000,000,000 |
| Scope 3 | 10,466,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Landsvirkjun is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
