United Nations Sustainable Development Goals How OR works to promote them

In accordance with the guidelines of the United Nations and recommendations of the Icelandic government, Reykjavík Energy has prioritized the UN’s Sustainable Development Goals (SDGs) and emphasizes four of them in the group's operations. The prioritization process was conducted through four workshops: with managers within the Group, two with staff and one with external stakeholders. In the latter, representatives from public agencies, large suppliers of goods and services, large customers, contractors, and trade unions were included.

In the workshops, the participants ranked the SDGs, both with respect to where OR could have a positive impact on the progress of the goals and where there could be a risk that OR’s activities could hinder progress. At its meeting on January 27, 2020, OR's Board of Directors decided, with reference to the results of the workshops, to place special emphasis on four SDGs. The company's policy documents will be reviewed in this regard as necessary.

Materiality matrix

SDG materiality matrix.png

The results of workshops on the prioritization of the SDGs.

Workshop results

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Prioritization of external stakeholders compared to internal stakeholders form OR’s materiality matrix with regard to the Sustainable Development Goals.

6 Clean water and sanitation

Acquisition and distribution of water for consumption, fire fighting and the operation of sewerage are part of Reykjavík Energy's core activities.

7 Affordable and clean energy

Sustainable generation and distribution of electricity and heat are part of Reykjavík Energy's core activities.

12 Responsible consumption and production

Responsible procurement and reduction of waste are crucial to the way Reykjavík Energy fulfils its core activities.

13 Climate action

Focused climate action is an essential part of all business activities.

Goal 3 | Good health and well-being

Goal 4 | Quality Education

  • 4.1

    Reykjavik Energy works to promote SDG 4’s Target 4.1, which is: By 2030, ensure that all girls and boys complete free, equitable and quality primary and secondary education leading to relevant and effective learning outcomes. This indicator is prioritized by the Icelandic government..

    • 4.1.1
      Percentage of children/young people at the end of each level of education achieving at least a minimum proficiency level in (a) reading and (b) mathematics. (Disaggregations: sex, location, wealth (and others where data are available))
  • 4.4

    Reykjavik Energy works to promote SDG 4’s Target 4.4, which is: By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship. This indicator is prioritized by the Icelandic government..

Goal 5 | Gender equality

  • 5.1

    Reykjavik Energy works to promote SDG 5’s Target 5.1, which is: End all forms of discrimination against all women and girls everywhere. This indicator is prioritized by the Icelandic government..

  • 5.5

    Reykjavik Energy works to promote SDG 5’s Target 5.5, which is: Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life. This indicator is prioritized by the Icelandic government..

  • 5.c

    Reykjavik Energy works to promote SDG 5’s Target 5.c, which is: Adopt and strengthen sound policies and enforceable legislation for the promotion of gender equality and the empowerment of all women and girls at all levels.

Goal 6 | Clean water and sanitation

  • 6.1

    Reykjavik Energy works to promote SDG 6’s Target 6.1, which is: By 2030, achieve universal and equitable access to safe and affordable drinking water for all. This indicator is prioritized by the Icelandic government..

  • 6.3

    Reykjavik Energy works to promote SDG 6’s Target 6.3, which is: By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials, halving the proportion of untreated wastewater and substantially increasing recycling and safe reuse globally. This indicator is prioritized by the Icelandic government..

  • 6.a

    Reykjavik Energy works to promote SDG 6’s Target 6.a, which is: By 2030, expand international cooperation and capacity-building support to developing countries in water- and sanitation-related activities and programmes, including water harvesting, desalination, water efficiency, wastewater treatment, recycling and reuse technologies.

Goal 7 | Affordable and clean energy

Goal 8 | Decent work and economic growth

  • 8.5

    Reykjavik Energy works to promote SDG 8’s Target 8.5, which is: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value. This indicator is prioritized by the Icelandic government..

  • 8.8

    Reykjavik Energy works to promote SDG 8’s Target 8.8, which is: Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment.

Goal 9 | Industry, innovation and infrastructure

Goal 10 | Reduced inequalities

  • 10.1

    Reykjavik Energy works to promote SDG 10’s Target 10.1, which is: By 2030, progressively achieve and sustain income growth of the bottom 40 per cent of the population at a rate higher than the national average.

    • 10.1.1
      Growth rates of household expenditure or income per capita among the bottom 40 percent of the population and the total population
  • 10.2

    Reykjavik Energy works to promote SDG 10’s Target 10.2, which is: By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status. This indicator is prioritized by the Icelandic government..

Goal 11 | Sustainable cities and communities

Goal 12 | Responsible consumption and production

Goal 13 | Climate action

Goal 14 | Life below water

Goal 15 | Life on land

  • 15.3

    Reykjavik Energy works to promote SDG 15’s Target 15.3, which is: By 2030, combat desertification, restore degraded land and soil, including land affected by desertification, drought and floods, and strive to achieve a land degradation-neutral world. This indicator is prioritized by the Icelandic government..

Goal 17 | Partnerships for the goals

  • 17.6

    Reykjavik Energy works to promote SDG 17’s Target 17.6, which is: Enhance North-South, South-South and triangular regional and international cooperation on and access to science, technology and innovation and enhance knowledge sharing on mutually agreed terms, including through improved coordination among existing mechanisms, in particular at the United Nations level, and through a global technology facilitation mechanism.