Where do I start?

Leið­ar­vís­ir


Where is the best place to start?


There are many different paths available to us on the sustainability journey. The steps are both big and small, and they all have an impact.

Veldu þér þína leið

Mikilvægt er að hefja vegferðina til sjálfbærni sem allra fyrst. En hvernig er sjálfbærni í framkvæmd? Hvernig er hægt að innleiða sjálfbærni í daglegan rekstur fyrirtækja og stofnana?


There are different paths to take — it is important that companies and organizations find a path that suits them.


Where do your company, community, or organization's strengths lie when it comes to sustainability? The first step is to stop and assess them.


When it comes to that, it can be a good idea to look at the sustainability materiality assessment methodology.


Sometimes so much more is done than we realized. Then we also realized that so much, much better could be done.


At Festa, we welcome you and your team to discuss the first steps and how you can do even better. The opportunities are endless. Consider this the perfect opportunity to sharpen your competitive edge.


Here is only a small fraction of the tools and instruments that can be used to implement sustainability in daily operations.


A list of sustainability consultants can be found here.


Veldu þér þína leið


Vegvísir Festu um félagslega sjálfbærni


Science Based Targets Initiative (Vísindaleg viðmið fyrir lofslagsmarkmið fyrirtækja)


Biodiversity Roadmap


A guide to laws and disclosure


Climate meter and guide FestuVera - sustainability interface Creditinfo

UN Global Compact


GRI - international standards


AT


The Global Goals


UFS (ESG) leiðbeiningar kauphallar Nasdaq


Hringrásarhagkerfið


Íslenskur staðall um samfélagsábyrgð


The Green Steps


The Swan environmental label


Fair trade vörur


Mandatory submission of reports to the National Library of Iceland


Vefkerfi Bravo Earth - umhverfisstjórn


Loftslagsmælir fjármálafyrirtækja


Project Drawdown - climate solutions


Voices of young people


The Glasgow Financial Alliance for Net Zero


Hagkerfi hagaðila, staðlar og mælieiningar. Measuring Stakeholder Capitalism.


Business and Human Rights Navigator.


Atvinnulífið og fólk með skerta starfsgetu


Vegvísir Festu um félagslega sjálfbærni

Festa's latest sustainability roadmap highlights the main aspects of social sustainability, to make it easier for companies and other business entities to manage the main aspects of the issue.

Roadmap for social sustainability

Biodiversity Roadmap

For a long time, the steps taken for the benefit of the environment in the business sector have been mostly related to the challenges of climate change. However, the emphasis on the protection of biodiversity is increasing, as the protection of the biosphere is one of the most urgent challenges facing humanity.



In October 2023, Festa published a biodiversity roadmap to support Icelandic businesses in tackling this important task. The roadmap can be accessed at the link below.


Biodiversity Roadmap

Veldu þér þína leið


Science Based Targets Initiative


Weather station and manual Fasten


Biodiversity Roadmap


A guide to laws and disclosure


Vera - sustainability interface Creditinfo


UN Global Compact


GRI - international standards


AT


The Global Goals


UFS (ESG) leiðbeiningar kauphallar Nasdaq


Hringrásarhagkerfið


Íslenskur staðall um samfélagsábyrgð


The Green Steps


The Swan environmental label


Fair trade vörur


Mandatory submission of reports to the National Library of Iceland


Vefkerfi Bravo Earth - umhverfisstjórn


Loftslagsmælir fjármálafyrirtækja


Project Drawdown - climate solutions


Voices of young people


The Glasgow Financial Alliance for Net Zero


Hagkerfi hagaðila, staðlar og mælieiningar. Measuring Stakeholder Capitalism.


Business and Human Rights Navigator.


Atvinnulífið og fólk með skerta starfsgetu


Veldu þér þína leið

Mikilvægt er að hefja vegferðina til sjálfbærni sem allra fyrst. En hvernig er sjálfbærni í framkvæmd? Hvernig er hægt að innleiða sjálfbærni í daglegan rekstur fyrirtækja og stofnana?


There are different paths to take — it is important that companies and organizations find a path that suits them.


Where do your company, community, or organization's strengths lie when it comes to sustainability? The first step is to stop and assess them.


When it comes to that, it can be a good idea to look at the sustainability materiality assessment methodology.


Sometimes so much more is done than we realized. Then we also realized that so much, much better could be done.


At Festa, we welcome you and your team to discuss the first steps and how you can do even better. The opportunities are endless. Consider this the perfect opportunity to sharpen your competitive edge.


Here is only a small fraction of the tools and instruments that can be used to implement sustainability in daily operations.


Science Based Targets Initiative (Vísindaleg viðmið fyrir lofslagsmarkmið fyrirtækja)

Vísindaleg viðmið fyrir lofslagsmarkmið fyrirtækja - leiðbeiningar

Biodiversity Roadmap

For a long time, the steps taken for the benefit of the environment in the business sector have been mostly related to the challenges of climate change. However, the emphasis on the protection of biodiversity is increasing, as the protection of the biosphere is one of the most urgent challenges facing humanity.



In October 2023, Festa published a biodiversity roadmap to support Icelandic businesses in tackling this important task. The roadmap can be accessed at the link below.


Biodiversity Roadmap

A guide to laws and disclosure

Árið 2022 fór fram ítarleg vinna með fólki úr samfélagi Festu og tengdum aðilum.


Afrakstur vinnunnar skilar sér í vegvísi í tengslum við sjálfbærnilöggjöf Evrópusambandsins (ESB) og EES samningsins.


The roadmap covers innovations in legislation and methodology for sustainable business operations and responsible investments. European Union regulations, bills that have been introduced regarding the implementation of EU acts in Iceland, as well as other practical material can be found in the roadmap. The focus is on the role of capital as a driving force on the sustainability journey of companies in the real economy.

Guide to laws and regulations Starting point for sustainability reporting

Weather station and manual Fasten

Companies can reduce their greenhouse gas emissions and thus participate in the fight against catastrophic global warming and work towards achieving the global goal.


Aðgerðir fyrirtækja, sveitafélaga og stofnana í loftslagsmálum skipta sköpum og án þeirra er ólíklegt að þjóðir heims geti staðið við markmið Íslands að verða kolefnishlutlaust fyrir árið 2040.


Loftslagsmælir Festu er þér að kostnaðarlausu. Hann var hannaður og uppfærður af fyrirtækjum og Reykjavikurborg og er í samræmi við alþjóðlega og innlenda staðla.


The meter can be accessed in a web version at ClimatePulse.is and is extremely simple to use, and each step is accompanied by instructions related to the information that needs to be entered. The meter is accompanied by a detailed instructional video and experience stories from companies that have started their journey.


Festa's climate meter is designed specifically for small and medium-sized companies that are taking their first steps in climate action and measurement. The meter is based on internationally recognized measurement standards and is adapted to the Icelandic environment.


Once you have answered the questions, you will receive a summary report and can choose to share the results with Festa.


Fræðsluefni um loftslagsaðgerðir – framleitt af Festu fyrir styrk frá Loftslagssjóði

Kennslu­mynd­band þar sem Sæv­ar Helgi Braga­son leið­ir þig skref fyr­ir skref í gegn­um notk­un á Lofts­lags­mæli Festu. Hvaða gögn þarftu að hafa til að mæla þitt kol­efn­is­spor og hvar nálg­ast þú þau?


Af hverju er mik­il­vægt að draga úr og mæla kol­efn­is­spor frá rekstri og hvar byrj­um við? Fræðslu­mynd­band þar sem Festa fékk til liðs við sig sér­fræð­inga frá fimm ólík­um að­ild­ar­fé­lög­um sín­um sem lýsa í ör­fá­um orð­um sinni veg­ferð þeg­ar kem­ur að því að setja sér stefnu í lofts­lags­mál­um og mæla kol­efn­is­spor frá rekstri.


Hand­bók fyr­ir smærri fyr­ir­tæki – Stefnu­mót­un í lofts­lags­mál­um og mæl­ing­ar á kol­efn­is­spori. Hvar byrj­ar þú þína veg­ferð og hvernig trygg­ir þú að að­gerð­ir séu mark­viss­ar og skili ár­angri. Hnit­mið­uð hand­bók sem er af­ar ein­föld í notk­un.


All data in the educational package and access to the Festa Climate Monitor are open to everyone and free of charge.

Festu Climate Meter - ClimatePulse.is Kennslumyndband - Loftslagsmælir Festu skref fyrir skref Experience using Festa's Climate Meter - company testimonials (video) Festu Climate Meter - excel (updated May 2024) Stefnumótun í loftslagsmálum - handbók

Vera - sustainability interface Creditinfo

Vera helps companies communicate information about environmental, social and governance aspects of operations to stakeholders in a consistent manner. You can download a detailed report on the Creditinfo service website about companies' sustainability aspects, and you can easily review and update information about your own company on Mitt Creditinfo.


In the fall of 2023, Vera received an update. Most notably, a sustainability supplier assessment was carried out, where 200 of the country's largest companies responded to a detailed sustainability questionnaire and updated a model for estimated greenhouse gas emissions, while Vera includes emission figures for those companies that have published such information.

Vera - sustainability interface Creditinfo

UN Global Compact

The UN Global Compact is a social pact between businesses and the United Nations.


Fyrirtæki sem gerast þáttakendur að UN Global Compact, gera hagaðilum sínum grein fyrir samfélagsstefnu sinni með reglulegri upplýsingagjöf. Þátttakendur skuldbinda sig til skila á árlegri stöðuskýrslu (samfélagsskýrslu) sem svo er aðgengileg á vefsvæði Global Compact.


The Global Compact is based on 10 principles that companies set themselves to follow. Participants also commit to working towards the advancement of the United Nations' global goals.


The Global Compact Academy is a live educational platform open to participants. It provides educational materials, courses, and lessons that companies can access free of charge and share with their employees as they wish.


Further information can be found at globalcompact.is.


Here you can see the Icelandic parties that are participating in the Global Compact. Festa has been a participant since 2012.


Í lok árs 2022 var ákveðið að ráða svæðisstjóra UN Global Compact á Íslandi með áformum um að auka áhrif framtaksins á Íslandi.

GRI - international standards

GRI is an internationally recognized standard for reporting on corporate social responsibility and is used in over 100 countries. 80% of the world's 250 largest companies use GRI and the winners of the 2018 and 2019 Icelandic Corporate Social Responsibility Report of the Year based their reports on GRI.


GRI is generally considered the most comprehensive and detailed standards for managing the economic, environmental, and social impacts of companies and organizations.


Þau sem ekki hafa tök á að leggja í útgáfu á skýrslu sem fylgir öllum skilyrðum GRI staðla geta farið þá leið að gefa út skýrslu sem tekur mið af stöðlunum, e. with the reference to the GRI standards. Nánar um hvað felst í því má nálgast hér: GRI 1_ Foundation 2021.pdf

Below you can access the Icelandic translation of the standards. The translation is prepared by the Icelandic Standards Council in consultation with Festa. ISAVIA, one of Festa's member companies, financed the updated translation (2020) as well as providing invaluable assistance from its experts in proofreading and compilation.



  • There is no longer the option to publish a report according to two categories as before, that is: core or comprehensive.
GRI standards - Icelandic translation (excel) GRI standards - Icelandic translation (pdf)

AT

The Principles of Responsible Investment (PRI) are rules for responsible investment. The rules were developed by an international group of institutional investors in collaboration with the United Nations and are intended to reflect the importance of environmental, social and governance considerations in investors' investments.


PRI hljóðvarp – “The PRI podcast offers an insight into the world of responsible investment, with investor perspectives and discussion on a range of environmental, social and governance (ESG) topics.”


Stefnumótunartól PRI – “The PRI proposes a five-part framework for investors that are seeking to understand the real-world outcomes of their investments, and to shape those outcomes in line with the SDGs. “

UFS (ESG) leiðbeiningar kauphallar Nasdaq

The Nasdaq Nordic exchanges have published joint guidelines for companies on the disclosure of sustainability information.


These factors are environmental, social, and governance (ESG).


The guidelines are intended to assist companies in disclosing information in a clear and accessible manner for investors and other stakeholders.


The translation and publication of the UFS guidelines is a collaborative project between Festa, the Icelandic Chamber of Commerce, Nasdaq, IcelandSIF and the Icelandic Standards Board.

Play a video about the goals UFS Guidelines (ESG Reporting Guide 2.0)

Hringrásarhagkerfið

Línu­leg hag­kerfi og við­skipta­mód­el þeim tengd­um eru að fær­ast yf­ir í hringrás­ar­hag­kerfi.

Let's move away from producing and providing services in a linear model and move towards a cycle that focuses on repair, reuse, remanufacturing, and recycling.

  • The Ellen Macarthur Foundation Education Center is one of the world's leading institutions in research and publishing educational materials on the circular economy.
  • What is the circular economy? Here, The Ellen Macarthur Foundation answers it in words and pictures.

 

Festa's role is to connect Icelandic parties when it comes to the Nordic Circular Hotspot.


The Nordic Circular Hotspot website provides information about a variety of events organized by the organization. In the spring of 2021, the organization launched an electronic platform and network, Nordic Circular Arena, where interested parties can access information about the Nordic Circular and connect with others on the same journey.

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Nýr ISO staðall um hringrásarhagkerfið kom út  í júlí 2023

This is the first standard on the circular economy. You can learn more about it at the link below ISO/TC 323

ISO/TC 323

Here are some very short videos that explain what we mean when we talk about the circular economy:

The Butterfly Model - How does the circular economy work? (Icelandic) How Society Can Re-think Progress? / How do we rethink production and consumption? The Circular Economy: A Simple Explanation (TedX)

Toolbox – implementation and strategy development


A broad Nordic collaboration, CIRCit, developed a toolkit for Nordic companies to facilitate their transition to circularity. The toolkit can be accessed here, and consists of workbooks and policy documents divided into six different sections.


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The circular economy and the construction industry

Green Building has compiled interesting material about the circular economy and the construction industry, which can be accessed here.

The Green City, in collaboration with the Civil Engineering Institute, has published a detailed brochure on the subject, which can be accessed here.

 

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We recommend these guides and resources related to the circular economy:


Verkfærakista CIRCit - innleiðing hringrásar í rekstur How do we design in a circular way? Circular Design Guide Hringrás og líffræðilegur fjölbreytileiki - handbók frá The Ellen MacArthur Foundation Circular economy business models for the manufacturing industry - SITRA Finland Circular business models - strategy Financing the circular economy - Leiðarvísir Nordic Circular Hotspot Ganbatte - gagnatól fyrir hringrásarhagkerfið


At the beginning of 2021, Nordic Innovation published a comprehensive guide on implementing the circular economy – The Nordic Circular Economy Playbook. The guide is in English and comes with detailed instructional videos.


“Do you want to drive circular change for your business? This playbook and supporting tools will provide you with in-depth understanding on how to achieve circular advantage for your company and business.


The Nordic Circular Economy Playbook can be leveraged by companies that want to better meet customer expectations and deliver customer outcomes. It is for you that wants to enable outcome-oriented solutions and new levels of efficiency through technology and digitalization. It will help you improve resource utilization and mitigate risk from regulatory, investor and societal pressures.”

Nordic Circular Economy Playbook Instructional videos that accompany the manual

Íslenskur staðall um samfélagsábyrgð

ÍST ISO 26000 veitir leiðbeiningar um meginreglur samfélagslegrar ábyrgðar. Staðallinn er ekki vottunarstaðall heldur er leiðbeinandi. Hann undirstrikar mikilvægi árangurs og umbóta á frammistöðu að því er varðar samfélagslega ábyrgð.




The Green Steps

Green Steps in Government Operations is an incentive system for all progressive and responsible government institutions.



Fair trade vörur

Fair Trade is a certification that confirms that a product is produced in an ethical and fair manner — without harmful effects on workers. Also, that they receive fair wages for their work.

Mandatory submission of reports to the National Library of Iceland

Annual reports of companies are subject to the law on mandatory filing as published material intended for distribution – more information can be found here.


Rafhlaðan, rafrænt varðveislusafn Landsbókasafns Íslands tekur skýrslur til vörslu og má þannig auka aðgengi hagaðila að gögnum – skil fara fram hér.

Vefkerfi Bravo Earth - umhverfisstjórn

The BravoEarth web platform makes it easier for companies and organizations to implement environmental and climate policies and thus work towards increased sustainability.


BravoEarth has a ready-made bank of defined projects that companies and organizations can adapt to their operations. Instructions on what needs to be done in categories such as transportation, waste, electricity and water. The projects are based on Green Steps from the Environment Agency.

Umhverfisstjórn - vefkerfi Bravo Earth

Loftslagsmælir fjármálafyrirtækja

International Climatometer PCAF Standard

Project Drawdown - climate solutions

Project Drawdown er gagnaveita sem er leiðandi á alþjóðavísu þegar kemur að lausnum í loftslagsmálum.


Here you can access the solutions that have been compiled by Project Drawdown.


Project Drawdown conducts an ongoing review and analysis of climate solutions—the practices and technologies that can stem and begin to reduce the excess of greenhouse gases in our atmosphere. Our work shows the world can reach Drawdown by mid-century, if we make the best use of all existing climate solutions. Certainly, more solutions are needed and emerging, but there is no reason—or time—to wait on innovation. Now is better than new, and society is well equipped for transformation today.


Climate solutions - climate solutions

Voices of young people

At the end of 2020, Festa conducted a stakeholder analysis where the starting point was: What do young people (16-30 years old) consider important when it comes to the sustainability journey of Icelandic companies?


Interviews were conducted with a diverse group of young people, most of whom are leaders or members of boards of various youth organizations or otherwise work in the field of sustainability. Questions were asked that concern them both as consumers and as future professionals.


The results of the analysis can be accessed here – Report_young-voice-for-sustainbility-in-the-private-sector.pdf (samfelagsabyrgd.is)


The Glasgow Financial Alliance for Net Zero

A comprehensive publication by The Glasgow Financial Alliance for Net Zero, which was established in the run-up to COP26.

Here is a coalition of over 450 large investors, in 45 countries, managing over 130,000 billion US dollars.

The guide is a comprehensive guide on how to leverage the financial system and the power of investors to support and accelerate companies' journey towards carbon neutrality. It includes, among other things,

Finally, a call is made to the G20 countries for broad and immediate action.


The Glasgow Financial Alliance for Net Zero - guide

Hagkerfi hagaðila, staðlar og mælieiningar. Measuring Stakeholder Capitalism.

The World Economic Forum, in collaboration with Deloitte, EY, KPMG and PwC, has published a white paper that compiles 56 harmonized standards and metrics and disclosures related to sustainability reporting.


Þetta eru leiðbeiningar sem rekstrareiningar af öllum stærðum og gerðum geta nýtt sér í upplýsingagjöf.


The recommended metrics are organized under four pillars that are aligned with the SDGs and principal ESG domains: Principles of Governance, Planet, People and Prosperity. They are drawn wherever possible from existing standards and disclosures, with the aim of amplifying the rigorous work already done by standard-setters rather than reinventing the wheel. The metrics have been selected for their universality across industries and business models, but the intention is not to replace relevant sector- and company-specificindicators. Companies are encouraged to report against as many of the core and expanded metrics as they find material and appropriate, on the basis of a “disclose or explain” approach


Measuring Stakeholder Capitalism - hlekkur á leiðarvísi

Business and Human Rights Navigator.

United Nations Global Compact hefur sett saman stafræna fræðslu og leiðarvísi fyrir fyrirtæki: the Business & Human Rights Navigator til þess að aðstoða fyrirtæki við að átta sig betur á áhrifum sem þeirra starfsemi getur haft á mannréttindi og virðiskeðjur.


The content is simple in presentation and provides companies with clear expert guidance, risk analyses by industry, in-depth analyses of key human rights issues, due diligence guidance, definitions of terms, and useful stories from companies that have addressed human rights issues responsibly.


Rekstur fyrirtækja og mannréttindi - leiðarvísir UNGC

Atvinnulífið og fólk með skerta starfsgetu

Companies and organizations can use various ways to support the employment of individuals with reduced working capacity. It is important to consider both designing jobs that are suitable for individuals with reduced working capacity and offering a variety of part-time jobs.


The Equal Treatment Outside the Workplace Act came into force on 13 July 2022 and prohibits, among other things, discrimination on the basis of disability in relation to the purchase of goods and services and advertising. Insufficient reasonable accommodation for people with disabilities is also unlawful discrimination under the Act.


Here lie opportunities to promote culture and diversity in the workplace and thus strengthen society as a whole.


Nokkrar leiðir sem líta má til:




  • Development Assistance and the Disabled People's Association are powerful advocacy organizations that have extensive knowledge on the issue and offer assistance to companies.


  • The Directorate of Labour specifically welcomes individuals with reduced work capacity and supports them in finding suitable jobs. Companies and institutions can therefore mark the jobs they advertise specifically for them.
  • Contact person for the issue: Laufey Gunnlaugsdóttir, Head of Department, Counseling and Employment Services, Directorate of Labour


  • Alfred. It will be possible to specifically include jobs for individuals with reduced functional capacity, which will then be marked with the categories "All included".


Business and Human Rights Navigator.

United Nations Global Compact hefur sett saman stafræna fræðslu og leiðarvísi fyrir fyrirtæki: the Business & Human Rights Navigator til þess að aðstoða fyrirtæki við að átta sig betur á áhrifum sem þeirra starfsemi getur haft á mannréttindi og virðiskeðjur.


The content is simple in presentation and provides companies with clear expert guidance, risk analyses by industry, in-depth analyses of key human rights issues, due diligence guidance, definitions of terms, and useful stories from companies that have addressed human rights issues responsibly.


Rekstur fyrirtækja og mannréttindi - leiðarvísir UNGC