How it all started?

How it all started?

 

The Alcoa and Landsvirkjun Sustainability Initiative was launched in 2004, in the early stages of the construction of the Karahnjukar dam (by Landsvirkjun) and the Fjardaal smelter in Reydarfjordur, East-Iceland (by Alcoa). Neither one of the companies had a model how to conduct a project of this kind. It soon became clear that the initiative was a pilot project, not only in Iceland, but globally. It is unknown whether a comparable initiative has been entered into at the beginning of the construction process. Icelandic and foreign consultants were hired to help the companies with the design and outline of the project. Furthermore, the companies requested participation from a wide range of stakeholders, that were both "wiht" or "against" the constructions. The representatives formed an advisory group that has contributed to the unique approach of the initiative.

The purposes of the initiative include the following:

  • To support Alcoa and Landsvirkjun's commitment to environmental, social, and economic sustainability;
     
  • To develop and implement a process for both companies to implement sustainability practices during the construction and operation of the Fjardaal and Karahnjukar projects; and
     
  • To develop indicators to measure the performance of Fjardaal and Karahnjukar projects against sustainability objectives.