Landsvirkjun (the National Power Company of Iceland)
Unverified XFID Unique Identifier for Landsvirkjun (the National Power Company of Iceland):
XOB5Q33FUD 2 Second Party Opinions
1 Framework
Documents (3)
| XFID | Type | Title | Year | Source | Retrieved |
|---|---|---|---|---|---|
| XF-MH11JSB-G | Framework | Landsvirkjun Green Finance Framework | 2020 | www.landsvirkjun.is | 31 Mar 2026 |
| XF-OAB8G6I-6 | Second Party Opinion | Landsvirkjun Green Bond Framework - Second-Party Opinion | 2018 | mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com | 5 Mar 2026 |
| XF-BOBNREM-1 | Second Party Opinion | Landsvirkjun Green Finance Framework Second-Party Opinion (2025) | 2025 | mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com | 2 Mar 2026 |
XF Company Profile
Extra-financial information found across 3 documents in the XframeworkID registry
NACE D Electricity, Gas & Steam Supply
Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.
Issuer Identity & Structure
- Issuer name and country/jurisdiction
- Landsvirkjun, Iceland Green Finance Framework 2020
- Issuer sector/industry classification
- Electricity, Gas & Steam Supply Green Finance Framework 2020
- Issuer type
- Utility (state-owned) Green Finance Framework 2020
- Core business activities and geographic focus
- Electricity generation from 100% renewable energy sources (hydropower 92%, geothermal 8%, wind <1%) in Iceland with approximately 70% market share Green Finance Framework 2020
Corporate Strategy & Mission
- Corporate purpose statement relating to sustainability
- Producing energy in a sustainable way in harmony with the environment and society; maximising potential yield and value of natural resources in a sustainable, responsible and efficient manner Green Finance Framework 2020
- Sustainability strategy pillars and focus areas
- Use natural resources more efficiently, Carbon neutral operations, Operate in harmony with nature and the appearance of land, Stakeholder engagement, Operations without environmental incident Green Finance Framework 2020
Sustainability & Climate Commitments
- Net zero target year for operational emissions
- 2025 Green Finance Framework 2020
Standards & Regulatory Alignment
- Alignment with UN Sustainable Development Goals
- SDG 5: Gender Equality, SDG 7: Affordable and Clean Energy, SDG 13: Climate Action Green Finance Framework 2020
- Alignment with ICMA Green Bond Principles
- Aligned with Green Bond Principles 2021 Second-Party Opinion 2025
- Compliance with Green Loan Principles or Sustainability-Linked Loan Principles
- Aligned with Green Loan Principles 2023 Second-Party Opinion 2025
Green / Sustainable Finance Framework
- Sustainable bond framework name and version
- Landsvirkjun Green Finance Framework Green Finance Framework 2020
- Framework publication date and update history
- September 2020 Green Finance Framework 2020
- Bond types covered under framework
- Green bonds and green loans Green Finance Framework 2020
- Eligible use-of-proceeds categories
- Renewable Energy Second-Party Opinion 2025
- Project evaluation and selection process description
- Landsvirkjun's Green Finance Committee evaluates and selects projects in line with Framework's eligibility criteria; internal processes address environmental and social risks associated with eligible projects Second-Party Opinion 2025
- Management of proceeds approach
- Treasury department oversight using internal tracking system via portfolio approach; full allocation within 24 months from issuance; temporary investment in Treasury liquidity portfolio as cash and cash equivalents Second-Party Opinion 2025
- Temporary investment of unallocated proceeds
- Cash and cash equivalents in Treasury liquidity portfolio Second-Party Opinion 2025
- Financing timeline
- Full allocation within 24 months from issuance Second-Party Opinion 2025
- Reporting commitments under framework
- Annual reporting on allocation and impact on website until maturity; allocation reporting includes list of outstanding green financing instruments, allocated amounts to eligible projects, list of eligible projects financed, and amount of unallocated proceeds Second-Party Opinion 2025
External Review & Verification
- Second Party Opinion (SPO) provider name and assessment date
- Sustainalytics, January 17, 2018 Second-Party Opinion 2018
- SPO preliminary evaluation or credibility rating
- Credible and impactful framework Second-Party Opinion 2025
- SPO assessment scope and methodology
- Assessment of use of proceeds, management of proceeds, and reporting aligned with Green Bond Principles 2021 and Green Loan Principles 2023; project selection process evaluation Second-Party Opinion 2025
Changes Over Time
Items where disclosed information changed across documents.
Alignment with UN Sustainable Development Goals
Sustainable bond framework name and version
Alignment with ICMA Green Bond Principles