G9 Disclosure Practices

Reykjavik Energy Group's sustainability report is prepared in accordance with guidelines from Nasdaq in Iceland and the Nordic Countries, published in March 2017, and updated in May 2019. These instructions are based on recommendations from the United Nations, the Sustainable Stock Exchange Initiative, and a steering group at the World Federation of Exchanges. In addition, a reference to the United Nations' Sustainable Development Goals (SDG's), and changes in directives regarding annual financial statements, No. 3/2006, with later amendments (simplification and introduction of annual financial statements directive 2013/34/EU), No. 73/2016, is taken into account, where germane.

The Board of Directors of Reykjavik Energy Group has decided to place emphasis on five of the UN Sustainable Development Goals. The presentation of the SDG's in this report is based on their highlights. The goals are:

  • #5 Gender Equality.
  • #6 Clean Water and Sanitation.
  • #7 Sustainable Energy.
  • #12 Responsible Consumption and Production.
  • #13 Climate Action.

The report's approach was introduced to stakeholders during two meetings: Environmental issues, February 5, and Social and Governance issues, February 19.

The main authors of Reykjavik Energy Group's Annual Report of 2020 are: Eiríkur Hjálmarsson, Social Responsibility Specialist, Hólmfríður Sigurðardóttir, Director of Environmental Affairs, Ólöf Snæhólm Baldursdóttir, Communications Specialist, Þorsteinn Ari Þorgeirsson, Geoscientist, Snorri Jökull Egilsson and Kevin Dillman, Environmental Analysts, Víðir Ragnarsson, Project Manager, equal rights and human resources, Davíð Örn Ólafsson, Treasury and Planning Manager.

Web design: Overcast

The photos, that adorn the front cover, and various chapters, are taken from the tower of Hallgrímskirkja church in 1987 and 2021, by Haukur Már Haraldsson and Atli Már Hafsteinsson.