This is Icelandair’s first Annual and Sustainability report consisting of financial, operating and sustainability information for the year 2021. The report includes the Consolidated Financial Statements of the parent company Icelandair Group hf. that have been prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the European Union and the report also meets Icelandic disclosure requirements. This report covers the activities of Icelandair Group for the financial year 1 January to 31 December 2021.
The Icelandair business model is built around Icelandair's route network and the unique geographical location of Iceland, which serves as a connecting hub between Europe and North America. Icelandair Group is the parent company of several subsidiaries. The Company's strategic initiatives support its vision of “Bringing the spirit of Iceland to the world” and its mission of offering smooth and enjoyable journeys to, from and within Iceland – the Company's hub and home.
Icelandair Group hf. is listed on the Icelandic Stock Exchange (Nasdaq Iceland), and is the holding company, under the ticker symbol ICEAIR.
Icelandair supports the United Nations’ Sustainable Development Goals (SDGs) and has selected relevant SDGs for specific focus and alignment with the Company’s sustainability strategy. This report addresses all the material aspects that reflect Icelandair’s significant economic, environmental and social impacts. The sustainability information set forth is presented in accordance with Nasdaq's ESG Reporting Guide 2.0. In terms of environmental management, and to ensure traceability, a digital data collection is done with Klappir – Green Solutions software. To meets the sustainability information needs of its stakeholders, and in line with best practice, the Company is reviewing to use the Global Reporting Initiative (GRI) standards for the next reporting cycle.
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