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Material aspects

Isavia´s materiality topics

Isavia’s CSR Report is drafted in accordance with GRI Global Reporting Initiative Standards: Core together with special provisions GRI-G4 on airports. These special provisions deal specifically with the challenges and opportunities faced by airports when it comes to sustainability. Consideration is given to the company’s operations and to their impact on the economy, the environment and the community.

Isavia focuses on extensive collaboration with those stakeholders who rely on the services of the company and who are affected by its operations. Operations have an impact throughout the country and on all its inhabitants. Isavia has analysed over a hundred stakeholders – these can be classified as customers, employees, the community, the authorities and suppliers. Isavia's communication with stakeholders takes place, in a variety of ways, through traditional inquiries and presentations, in meetings, through market research conducted by the company or through numerous collaborative projects between Isavia and its stakeholders. 

In the autumn of 2018, Isavia commissioned the Swedish consulting company Enact Sustainable Strategies to conduct interviews with the company's stakeholders. The aim was to examine among the company's main stakeholders which issues and challenges were most important to them in the company's social responsibility. This year´s report was  based on previous materiality analyses together with the results of surveys among B2B customers, emphases from the forum of cooperation with the community in Suðurnes as well as summarizing the main issues that other Isavia stakeholders have approached the company with.

When deteremining material aspects, Isavia view´s aspects which stakeholders deem to be of particular importance for their co-operation with the company, their expectations of the company and their assessment of co-operation with Isavia. Additionally Isavia experts conduct analysis of the newest points of focus of the aviation sector in the field, developments in the legal framework, the main criteria in CSR reporting, comparisons with leading companies and issues that groups from the company’s stakeholder environment have pointed out,

Emphasis is placed on the aspects that are considered important for Isavia and the company's stakeholders in the preparation of the report in accordance with the principles of reporting, Reporting Principles GRI 101 Foundation standard.


Materiality matrix
  • Medium
  • High
  • Very high
Significance for external stakeholders
Significance for internal stakeholders
  • Medium
  • High
  • Very high

REGARDING THE PREPARATION OF CSR REPORT:

The aim of issuing this report is to provide greater transparency and a more in-depth view of the company’s activities and their effects on society at large. With the issue of the report, the company seeks to shine a light on both the challenges that face the company and the successes that have been achieved. Isavia takes account of ISO 26000 in the company’s social responsibility work.

The information that is put forward in the annual and CSR report of Isavia comes from the company’s information systems and reflects the knowledge that the company had when the report was prepared. Numerous employees from various departments within the company are involved in the preparation and information gathering for the company’s annual and CSR report. The issue of the report does not imply that the company fully knows of all the effects it has on society, nor that social responsibility has been fully adopted at Isavia. The information in the report applies to Isavia ohf. and its subsidiaries that appear in the consolidated financial statements unless otherwise stated. All information in the report applies to the 2020 calendar year.

In comparative figures in the Climate section, the figures for 2018 and 2019 have been updated from the previous edition. Figures on electricity consumption, which were partly based on estimation and are now based on actual use, and figures on the use of jet fuel, became more accessible with the use of Klappir software. Carbon emissions from waste also increase from the previous report. The explanation is that the emission factor for landfill was revised and therefore carbon emissions increased accordingly.

An external consultant, Viktoría Valdimarsdóttir, Ábyrgar Lausnir ehf., was recruited to examine the GRI index of the report and to ensure the quality of the information. The annual financial statements of the company were audited by PricewaterhouseCoopers ehf. on behalf of the Icelandic National Audit Office.

The publication has focused on improving the presentation of content and meeting the needs of different readers. We welcome all suggestions on the content of the report and encourage readers to send us suggestions via the site's suggestion button, as continuous improvement are an integral part of our operations. 


The art Flugþráin Keflavik airport