Our communication policy is to create support and consensus through open communication with stakeholders.
We attach great importance to our communication policy and enforce it in all our Company projects.
We aim to create support and consensus through open communication with stakeholders
Landsvirkjun holds a number of open meetings each year to share information on its operations.
The issues discussed are varied and call for open communication with stakeholders all over the country. Landsvirkjun held two, well attended, open meetings this year, where the public were able to familiarise themselves with our operations.
Landsvirkjun launched a contest for artwork, to be designed in harmony with the surroundings at the Þeistareykir Geothermal Power Station and in collaboration with the Icelandic Design Centre.
A secure foundation
Landsvirkjun’s Annual Meeting was held on the 15th of May 2018.
Bjarni Benediktsson, Minister of Finance and Economic Affairs, and Jónas Þór Guðmundsson, Chairman of the Landsvirkjun Board of Directors, both addressed the audience.
Hörður Arnarson, CEO of Landsvirkjun, and Selma Svavarsdóttir, Head of Internal Services at Landsvirkjun, gave a presentation on the Company’s gender equality policy.
Ragna Árnadóttir, Deputy CEO, gave an overview of the year’s results and operations and Stefanía G. Halldórsdóttir, Executive Vice President of the Marketing and Business Development Division, discussed increased energy needs in connection with current and future societal changes.
The meeting was chaired by Magús Þór Gylfason, director of Corporate Communications
Developing Energy markets: Business and price formation
We helda well-attended open breakfast meeting at the Hilton Reykjavik Nordica Hotel to discuss developing energy markets and price formation. Landsvirkjun's business analysis experts discussed the status of Icelandic and international energy markets and then took part in a lively panel discussion.
Get to know Landsvirkjun online
Landsvirkjun provides important information on the Company's website in both Icelandic and English. In 2018, approx. 75,000 visited the Company website. Facebook followers increased by 7%- to a total of 4,587. Landsvirkjun shared 60 entries on Facebook and received 4,000 "likes". The Company is also on Twitter and Instagram.
Our goal is to increase public access to the annual accounts of the Company and to promote effective disclosure on its activities. In 2018, nearly 4,000 readers viewed the Annual Report and page views reached 11,500.Our Annual Reports can only be accessed online.
Open house at the Búrfell II Hydropower Station
Nearly 700 people visited us at the Búrfell II Hydropower Station on the 1st of July. Guests were offered the opportunity to explore our new station.
Our Energy Research Fund
Landsvirkjun’s Energy Research Fund supported 32 projects this year in the amount of ISK 55.4 million. The projects were diverse but mostly focused on research on the environment and new technological developments.
Landsvirkjun supports the first Icelandic business accelerator for social innovation - Snjallræði
Landsvirkjun is one of the supporters for the first Icelandic business accelerator for social innovation - Snjallræði. The aim of the initiative is to strengthen diversity in Icelandic innovation and to create a forum for social entrepreneurial activities. Snjallræði was formally launched at the annual peace conference organised by Höfði Reykjavík Peace Centre on the 10th of October 2018 and 7 projects were allocated work space at Hús skapandi greina at Hlemmur in Reykjavík. A total of 40 projects applied.
More information on Snjallræði´s website (in Icelandic only)
JA Iceland -Junior Achievement
Landsvirkjun is an active member of the JA - Junior Achievement in Iceland. JA is an international organization that reaches more than 10 million students in 123 countries every year. During the year 2018 over 550 young entreprenours attemtped to set up and run a startup company in competition. Landsvirkjun contributed four tutors to assist the students. Our CEO, Hörður Arnarson, is the chairman of the organization in Iceland.
Our Community Fund
Landsvirkjun’s Community Fund provides almost ISK 12 million every year, in three phases. The grants are generally between ISK 100 to 500 thousand and never more than ISK 1 million. We supported 32 diverse projects in 2018.
The goal of the Energy Research Fund is to strengthen research in the fields of environmental and energy affairs. The Fund was established in 2007 and has so far awarded a total of ISK 609 million to various projects.