Landsvirkjun Sustainability Profile
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 33 is higher than 56% 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 are direct emissions from owned or controlled sources, and 25,800 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. Additionally, Scope 3 emissions, which encompass all other indirect emissions, amounted to about 4,229,000 kg CO2e. Comparatively, in 2022, the company recorded total emissions of approximately 46,246,000 kg CO2e, with Scope 1 emissions at 42,132,000 kg CO2e, Scope 2 emissions at 26,000 kg CO2e, and Scope 3 emissions at 3,391,000 kg CO2e. This indicates a slight increase in total emissions from 2022 to 2023. Landsvirkjun has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests that the company may be in the early stages of formalising its climate strategy. However, it is important to note that the company is actively engaged in climate-related reporting, as evidenced by its participation in the CDP. Overall, while Landsvirkjun's emissions data reflects a significant operational footprint, the lack of specific reduction commitments highlights an area for potential growth in its climate strategy.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 42,132,000 | 00,000,000 |
| Scope 2 | 26,000 | 00,000 |
| Scope 3 | 3,391,000 | 0,000,000 |
How Carbon Intensive is Landsvirkjun's Industry?
How Carbon Intensive is Landsvirkjun's Location?
Landsvirkjun's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Landsvirkjun has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
