Reykjavik Energy Or
Reykjavik Energy, also known as Orkuveita Reykjavikur, is a leading utility company headquartered in Reykjavik, Iceland. Established in 1999, the company has made significant strides in the energy sector, focusing on sustainable solutions for electricity, hot water, and geothermal energy. Operating primarily in the Greater Reykjavik area, Reykjavik Energy is renowned for its commitment to renewable energy sources, harnessing Iceland's abundant geothermal and hydroelectric resources. The company’s unique approach to energy production not only supports local communities but also positions it as a pioneer in the Nordic energy market. With a strong emphasis on innovation and environmental responsibility, Reykjavik Energy has achieved notable milestones, including advancements in energy efficiency and customer service. Its dedication to sustainability and community engagement solidifies its reputation as a trusted leader in the energy industry.
DitchCarbon Score
How does Reykjavik Energy Or'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
Reykjavik Energy Or's score of 17 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Reykjavik Energy Or's reported carbon emissions
In 2022, Reykjavik Energy Or reported total carbon emissions of approximately 49,200,000 kg CO2e, with Scope 1 emissions accounting for about 49,200,000 kg CO2e and Scope 3 emissions at approximately 1,900,000 kg CO2e. Notably, there were no reported Scope 2 emissions for the year. The company has shown a trend of fluctuating emissions over the years, with Scope 1 emissions peaking at about 52,750,000 kg CO2e in 2020. Reykjavik Energy Or has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. However, they have consistently reported their emissions across all three scopes (1, 2, and 3), indicating a commitment to transparency in their environmental impact. The absence of defined reduction targets suggests that while the company is monitoring its emissions, it may not yet have formalised strategies for significant reductions. Overall, Reykjavik Energy Or's emissions data reflects a substantial operational footprint, particularly in Scope 1 emissions, which warrants further attention in future climate commitments.
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Add to project| 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 5,200,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 18,794 | - | - | - | - | - | - |
| Scope 3 | 1,065,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Reykjavik Energy Or is not committed to any reduction initiatives 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.
