This is the second sustainability report of Icelandair Group made with reference to Nasdaq's ESG Reporting Guide, issued in 2019. These guidelines are based on guidance from the United Nations' Sustainable Stock Exchange Initiative and The World Federation of Exchange. The report should include all information to fulfil the Icelandic law (3/2006, 66. gr. d.) on non-financial reporting, as amended with reference to EU directive 2013/34 in year 2016.
| Environmental metrics | |||
|---|---|---|---|
| Units | 2020 | 2019 | |
| E1 GhG Emissions | |||
| Total amount, in CO2 equivalents, for Scope 1 | tCO2e | 355,779 | 1,358,972 |
| Total amount, in CO2 equivalents, for Scope 2 | tCO2e | 214 | 515 |
| Total amount, in CO2 equivalents, for Scope 3 | tCO2e | 174 | 695 |
| E2 Emissions Intensity | |||
| Total GhG emission per output scaling factor | tCO2e per USDk | 0.82 | 0.90 |
| tCO2e per FTEs | 143 | 288 | |
| tCO2e per passenger | 0.47 | 0.31 | |
| Fuel burn per 100 revenue passenger kilometres | l/100RPK | 4.37 | 3.55 |
| Fuel burn per operational tonne kilometre | l/OTK | 0.4117 | 0.2991 |
| Total non-GhG emissions per output scaling factor | - | - | |
| E3 Energy Usage | |||
| Total amount of energy directly consumed (fossil fuels) | kWh | 1,474,663,115 | 5,547,715,498 |
| Total amount of energy indirectly consumed (electricity and heat) | kWh | 24,223,530 | 58,312,823 |
| E4 Energy Intensity | |||
| Total direct energy usage per output scaling factor | kWh per USDk | 3,457 | 3,726 |
| kWh per FTEs | 603,660 | 1,188,977 | |
| kWh per passenger | 1,965 | 1272 | |
| E5 Energy Mix | |||
| Non renewable energy (Fossil fuels are the primary energy source) | % | 98% | 99% |
| Renewable energy | % | 2% | 1% |
| E6 Water Usage | |||
| Total amount of water consumed | m3 | 330,923 | 908,788 |
| Total amount of water reclaimed | m3 | - | - |
| E7 Environmental Operations | |||
| Does your company follow a formal Environmental Policy | Yes/No | Yes | Yes |
| Does your company follow specific waste, water, energy, and/or recycling policies | Yes/No | Yes | Yes |
| Does your company use a recognized energy management system | Yes/No | No | No |
| E8 Climate Oversight / Board | |||
| Does your Board of Directors oversee and/or manage climate-related risks | Yes/No | No | No |
| E9 Climate Oversight / Management | |||
| Does your Senior Management Team oversee and/or manage climate-related risks | Yes/No | No | No |
| E10 Climate Risk Mitigation | |||
| Total amount invested, annually, in climate-related infrastructure, resilienve, and product development | - | - |
| Social data metrics | |||
|---|---|---|---|
| Units | 2020 | 2019 | |
| S1 CEO Pay ratio | |||
| CEO total compensation to median FTE total compensation | ratio | 4.41 | 6.25 |
| Does your company report this metric in regulatory filings | Yes/No | Yes | No |
| S2 Gender Pay Ratio | |||
| Median male compensation to median female compensation (basic earnings) | % | -0.93 | 0.24 |
| Median male compensation to median female compensation (regular earnings) | % | 2.86 | 1.87 |
| S3 Employee Turnover | |||
| Year-over-year change for full-time employees | % | 69% | 16% |
| S4 Gender Diversity | |||
| Total enterprise headcount held by men and women | women/men% | 48/52 | 53/47 |
| Entry- and mid- level positions held by men and women | women/men% | - | - |
| Senior- and executive-level positions held by men and women | women/men% | 38/62 | 33/67 |
| S5 Temporary Worker Ratio | |||
| Total enterprise headcount held by part-time employees | women/men% | - | - |
| Total enterprise headcount held by contractors and/or consultants | women/men% | - | - |
| S6 Non-Discrimination | |||
| Does your company follow a sexual harassment and/or non-discrimination policy | Yes/No | Yes | Yes |
| S7 Injury Rate | |||
| Frequency of injury events relative to total workforce time | - | - | |
| S8 Global Health & Safety | |||
| Does your company follow an occupational health and/or global health & safety policy | Yes/No | Yes | Yes |
| S9 Child & Forced Labor | |||
| Does your company follow a child and/or forced labor policy | Yes/No | Part of CoC | Part of CoC |
| If yes, does your child and/or forced labor policy also cover suppliers and vendors | Yes/No | Part of SCoC | - |
| S10 Human Rights | |||
| Does your company follow a human rights policy | Yes/No | Yes | Yes |
| If yes, does your human rights policy also cover suppliers and vendors | Yes/No | Yes | - |
| Governance Metrics | |||
|---|---|---|---|
| Units | 2020 | 2019 | |
| G1 Board Diversity | |||
| Total board seats occupied by women (as compared to men) | % | 40% | 40% |
| Committee chairs occupied by women (as compared to men) | % | 25% | 33% |
| G2 Board Independence | |||
| Does company prohibit CEO from serving as board chair | Yes/No | Yes | Yes |
| Total board seats occupied by independants | % | 100% | 100% |
| G3 Incentivized Pay | |||
| Are executives formally incentivized to perform on sustainability | Yes/No | No | No |
| G4 Collective Bargaining | |||
| Total enterprise headcount covered by collective bargaining agreements | % | 97% | 99% |
| G5 Supplier Code of Conduct | |||
| Are your vendors or suppliers required to follow a Code of Conduct | Yes/No | Yes | No |
| G6 Ethics & Anti-Corruption | |||
| Does your company follow an Ethics and/or Anti-Corruption policy | Yes/No | Yes | Yes |
| If yes, what percentage of your workforce has formally certified its compliance with the policy | % | 100% of new employees | - |
| G7 Data Privacy | |||
| Does your company follow a Data Privacy policy | Yes/No | Yes | Yes |
| Has your company taken steps to comply with GDPR rules | Yes/No | Yes | Yes |
| G8 ESG Reporting | |||
| Does your company publish a sustainability report | Yes/No | Yes | Yes |
| Is sustainability data included in your regulatory filings | Yes/No | Yes | Yes |
| G9 Disclosure Practices | |||
| Does your company provide sustainability data to sustainability reporting frameworks ? | Yes/No | No | No |
| Does your company focus on specific UN Sustainable Development Goals (SDGs) | Yes/No | Yes | Yes |
| Does your company set targets and report progress on the UN SDGs | Yes/No | Yes | Yes |
| G10 External Assurance | |||
| Are your sustainability disclosures assured or validated by a third party | Yes/No | No | No |