Landsvirkjun is built on a solid foundation of trust. We operate according to effective policies and certified management systems designed to ensure that the Company is able to fulfil its plans and commitments. Landsvirkjun’s values are progressiveness, prudence and reliability.
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Landsvirkjun’s role
Landsvirkjun is a state-owned company and our role is to consistently endeavour to maximise the potential yield and value of the natural resources we have been entrusted with, in a sustainable, responsible and efficient manner.
Our policy can be divided into five areas designed to fulfil Landsvirkjun’s role:
Efficient energy production and development:
Operations are built on a solid infrastructure, characterised by efficiency, economy and effective risk management in operations and investments. This is reflected by the Company’s certified management system designed to ensure that the Company fulfils declared overall plans and commitments.
A diverse client base:
We create value by fulfilling the needs of our diverse client base. Our relationship with our clients is based on a solid foundation and regular, mutual communication.
Connecting with the European energy market:
We see the European energy market as our competitive market. We strive to attract investment from energy intensive industries and services and take an active part in assessing the opportunities offered by connecting to the European electrical network.
Inspiring and promoting expertise and talent in the Landsvirkjun workforce:
We guarantee our employees a good working environment that promotes safety, health, knowledge dissemination and the development of individual expertise and talent. We discuss the results of our performance fairly and openly and seek out ways to continuously improve our performance.
Encouraging unity and support via open and clear communication with stakeholders:
We are committed to achieving widespread consensus on the balance between environmental, social and profitability issues in our operations. The Company wants to contribute to the sustainable development of society; it is a leader in environmental matters and is committed to social responsibility. The Company fulfils external requirements, government, laws and regulations, and other requirements made with regard to its operations.
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Landsvirkjun’s future vision is to be a progressive, international energy company in the field of renewable energy. We want to be amongst the best in generating and selling energy.
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Continuous improvement projects
A diverse group of employees from all divisions within the Company were engaged in the task of reviewing the structure and presentation of management systems within Landsvirkjun.
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Landsvirkjuns management systems
Landsvirkjun has a certified management system in accordance with international standards.
The management system gives us a framework for our working practices, strengthens us in important aspects of risk management and allows us to promote transparency in operations.
Improvement projects
We operate in accordance with an integrated, certified Quality Management and Environmental Safety Management System, based on ISO 9001, ISO 14001, OHSAS 18001 and the Internal Electrical Safety Operation System (RÖSK), which fulfils the criteria set out by the Iceland Construction Authority on electrical safety issues. Landsvirkjun has been certified as a producer of green electricity by the German company TÜV SÜD, who specialise in certification, testing and inspection. In addition, the Company’s IT Division’s safety management system is certified in accordance with ISO 27001.
Continuous improvement
We work continuously to improve operations and improvement projects. The most prominent improvement projects in 2014 were improvements to the management system (quality control system), further implementation of criteria and benchmarks in operations and improved project prioritisation.
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Management system objectives
To comply with declared long-term plans and our commitments to customers, stakeholders and employees as well as to promoting environmental protection.
To support the reliability of operations with efficiency, and security at the forefront and ensuring that internal and external requirements are fulfilled.
To support the reliability of operations with efficiency, and security at the forefront and ensuring that internal and external requirements are fulfilled.
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Improvements to the management system
The priority in 2014 was to review the structure and presentation of management systems within Landsvirkjun. The analysis focused on responsibility, cooperation and simplification and a diverse group of employees were engaged in the task.
The main work processes of the Company were analysed (the necessary processes Landsvirkjun requires to fulfil its role and policy). These processes reflect how the Company works as a whole and how responsibilities and communication function between business units. Work also began on redefining the procedures for main work processes as this is part of Landsvirkjun’s commitment to meeting social responsibility demands for responsible governance.
