Reykjavík Geothermal (RG) has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative, reinforcing its commitment to responsible business practices and sustainable development.
As a participant, RG commits to aligning its strategy and operations with the UN Global Compact’s Ten Principles on human rights, labor, the environment, and anti-corruption, and to taking action in support of the UN Sustainable Development Goals.
RG draws on Icelandic geothermal expertise to develop reliable, long-term renewable energy solutions internationally. Participation in the UN Global Compact provides a framework for strengthening responsible practices as the company grows and advances its projects, with respect for people, communities, and the environment.
“At Reykjavík Geothermal, we want to use our expertise and experience to develop geothermal projects that create lasting value and expand access to reliable, renewable energy. This comes with a responsibility to the people, communities, and environments where we work. Joining the UN Global Compact gives us a clear framework to strengthen responsible business practices as our company grows. We look forward to learning from others, sharing our experience, and collaborating with companies that share these priorities,” says Magnús Ásbjörnsson, co-founder and CEO of Reykjavík Geothermal.
“Reykjavík Geothermal draws on Icelandic geothermal expertise and experience to develop renewable energy opportunities around the world. This work clearly aligns with the United Nations Global Compact’s ambition to mobilize business for sustainable development, guided by responsible business practices and respect for human rights and the environment. We are proud to welcome Reykjavík Geothermal to the initiative. It matters that Icelandic companies actively participate in international dialogue and contribute their knowledge and experience to shaping and implementing the solutions of the future,” says Auður Hrefna Guðmundsdóttir, Executive Director of UN Global Compact Network Iceland.
Through its participation, RG will have access to learning resources, practical tools, and a global network of businesses working to advance sustainability. The company also commits to reporting annually on its progress through the UN Global Compact’s Communication on Progress.
