ESRS Summary Table
Norðurál publishes below a summary of disclosure in accordance with the requirements of the European Sustainability Reporting Standards (ESRS), which are part of the European Union’s Corporate Sustainability Reporting Directive (CSRD). The table provides an overview of how the standards are met in Norðurál’s annual and sustainability report for 2024. Norðurál worked on the implementation of the ESRS standards in collaboration with the consulting firm Langbrók.
The summary table shows which ESRS disclosure requirements are discussed, under which section they appear in the report and where detailed information can be found. The main focuses are based on the results of a double materiality assessment, and Norðurál has prioritized issues that are considered important for the operations, the environment and society in accordance with ESRS 2.
The information reflects the company’s sustainability performance in 2024 and includes an analysis of the company’s environmental, social and governance (ESG) strategy, risks, impacts and opportunities. In addition, clear objectives are presented, along with information on metrics, results and actions.
| ESRS Reference | Topic | Section in Norðurál’s report |
|---|---|---|
| ESRS 2 SBM-1 | Strategy, business model and value chain | Norðurál |
| ESRS 2 SBM-2 | Strategy – Interests and views of stakeholders | Norðurál |
| ESRS 2 SBM-3 | Material impacts, risks and opportunities and their interaction with strategy and business model | Norðurál |
| ESRS BP-1 | General basis for preparation of sustainability statements | General disclosures |
| ESRS 2 IRO-1 | Description of the processes to identify and assess material impacts, risks and opportunities | General disclosures |
| ESRS 2 IRO-2 | Double Materiality Assessment | General disclosures |
| ESRS 2 IRO-2 | Disclosure requirements in ESRS covered by the undertaking’s sustainability statement | General disclosures |
| ESRS S1-1, ESRS G1-2 | Norðurál’s tax footprint | Economy |
| ESRS E1-6 | EU Emissions Trading System | Economy |
| ESRS GOV-1 | The role of the administrative, management and supervisory bodies | Governance |
| ESRS GOV-2 | Information provided to and sustainability matters addressed by the undertaking’s administrative, management and supervisory bodies | Governance |
| ESRS GOV-3 | Integration of sustainability-related performance in incentive schemes | Governance |
| ESRS SBM-3 | Material impacts, risks and opportunities and their interaction with strategy and business model | Governance |
| ESRS 2 IRO-1 | Description of the processes to identify and assess material impacts, risks and opportunities | Governance |
| ESRS GOV-4 | Statement on due diligence | Governance |
| ESRS BP-2 | Disclosures in relation to specific circumstances | Governance |
| ESRS GOV-5 | Risk management and internal controls over sustainability reporting | Governance |
| ESRS G1-1 | Corporate culture and business conduct policies | Governance |
| ESRS IRO-1 | Description of the processes to identify and assess material impacts, risks and opportunities | Governance |
| ESRS G1-2 | Management of relationships with suppliers | Governance |
| ESRS G1-3 | Prevention and detection of corruption and bribery | Governance |
| ESRS G1-4 | Confirmed incidents of corruption or bribery | Governance |
| ESRS G1-5 | Political influence and lobbying activities | Governance |
| ESRS G1-6 | Payment terms | Governance |
| ESRS E1-1 | Transition plan for climate change mitigation | Environment |
| ESRS 2 IRO-1 | Description of the processes to identify and assess material climate-related impacts, risks and opportunities | Environment |
| ESRS E1-2 | Policies related to climate change mitigation and adaptation | Environment |
| ESRS E1-3 | Action Plan for Climate Issues | Environment |
| ESRS E1-4 | Targets related to climate change mitigation and adaptation | Environment |
| ESRS E1-5 | Energy consumption and mix | Environment |
| ESRS E1-6 | Greenhouse gas emissions | Environment |
| ESRS E1-7 | Policies related to climate change mitigation and adaptation | Environment |
| ESRS E1-8 | Internal carbon pricing | Environment |
| ESRS E1-9 | Anticipated financial effects | Environment |
| ESRS E2-1 | Policies related to pollution | Environment |
| ESRS 2 IRO-1 | Description of the processes to identify and assess material pollution-related impacts, risks and opportunities | Environment |
| ESRS E2-2 | Environmental monitoring at Grundartangi | Environment |
| ESRS E2-3 | Targets related to pollution | Environment |
| ESRS E2-4 | Pollution of air, water and soil | Environment |
| ESRS E2-5 | Substances of concern and substances of very high concern | Environment |
| ESRS E2-6 | Anticipated financial effects | Environment |
| ESRS E3-1 | Policies related to water and marine resources | Environment |
| ESRS 2 IRO-1 | Description of the processes to identify and assess material water and marine resources-related impacts, risks and opportunities | Environment |
| ESRS E3-2 | Actions and resources related to water and marine resources | Environment |
| ESRS E3-3 | Targets related to water and marine resources | Environment |
| ESRS E3-4 | Water consumption | Environment |
| ESRS E3-5 | Anticipated financial effects | Environment |
| ESRS E4-1 | Environmental monitoring | Environment |
| ESRS E4-2 | Policies related to biodiversity and ecosystems | Environment |
| ESRS 2 SBM-3 | Material impacts, risks and opportunities and their interaction with strategy and business model | Environment |
| ESRS 2 IRO-1 | Description of the processes to identify and assess material impacts, risks and opportunities related to biodiversity | Environment |
| ESRS E4-3 | Action | Environment |
| ESRS E4-4 | Targets related to biodiversity and ecosystems | Environment |
| ESRS E4-5 | Impact metrics related to biodiversity and ecosystems change in Grundartangi | Environment |
| ESRS E4-6 | Anticipated financial effects | Environment |
| ESRS E5-1 | Policies related to resource use and circular economy | Environment |
| ESRS E5-2 | Actions and resources related to resource use and circular economy | Environment |
| ESRS E5-3 | Targets related to resource use and circular economy | Environment |
| ESRS E5-4 | Norðurál’s resource inflows | Environment |
| ESRS E5-5 | Resource outflows | Environment |
| ESRS E5-6 | Anticipated financial effects | Environment |
| ESRS 2 IRO-1 | Description of the processes to identify and assess material resource use and circular economy-related impacts, risks and opportunities | Environment |
| ESRS S1-1 | Equality and human rights | People & the community |
| ESRS S1-2 | Processes for engaging with own workers and workers’ representatives about impacts | People & the community |
| ESRS S1-3 | Processes to remediate negative impacts and channels for own workforce to raise concerns | People & the community |
| ESRS S1-4 | Taking action on material impacts on own workforce, and approaches to mitigating material risks and pursuing material opportunities related to own workforce, and effectiveness of those actions | People & the community |
| ESRS S1-5 | Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities | People & the community |
| ESRS S1-6 | Characteristics of the undertaking’s employees | People & the community |
| ESRS S1-7 | Characteristics of non-employees in the undertaking’s own workforce | People & the community |
| ESRS S1-8 | Collective bargaining coverage and social dialogue | People & the community |
| ESRS S1-9 | Diversity | People & the community |
| ESRS S1-10 | Adequate wages | People & the community |
| ESRS S1-11 | Social protection | People & the community |
| ESRS S1-12 | Persons with disabilities | People & the community |
| ESRS S1-13 | Training and skills development metrics | People & the community |
| ESRS S1-14 | Health and safety metrics | People & the community |
| ESRS S1-15 | Work-life balance metrics | People & the community |
| ESRS S1-16 | Compensation metrics (pay gap and total compensation) | People & the community |
| ESRS S1-17 | Incidents, complaints and severe human rights impacts | People & the community |
| ESRS S2-1 | Policies related to value chain workers | People & the community |
| ESRS S2-2 | Processes for engaging with value chain workers about impacts | People & the community |
| ESRS S2-3 | Processes to respond to negative impacts on employees in the value chain | People & the community |
| ESRS S2-4 | Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities | People & the community |
| ESRS S2-5 | Taking action on material impacts on value chain workers and effectiveness of those actions | People & the community |
| ESRS S3-1 | Policies related to affected communities | People & the community |
| ESRS 2 SBM-2 | Interests and views of stakeholders | People & the community |
| ESRS 2 SBM-3 | Description of the processes to identify and assess material climate-related impacts, risks and opportunities | People & the community |
| ESRS S3-2 | Processes for engaging with affected communities about impacts | People & the community |
| ESRS S3-3 | Processes to remediate negative impacts and channels for affected communities to raise concerns | People & the community |
| ESRS S3-4 | Taking action on material impacts on affected communities, and approaches to managing material risks | People & the community |
| ESRS S3-5 | Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities | People & the community |
| ESRS S4 | Consumers and end-users – impact, policies and mitigating risks | People & the community |
| ESRS 2 IRO-1 | Description of the processes to identify and assess material impacts, risks and opportunities | People & the community |
| ESRS S4-1 | Policies related to consumers and end-users | People & the community |
| ESRS S4-2 | Processes for engaging with consumers and end-users about impacts | People & the community |
| ESRS S4-3 | Processes to remediate negative impacts and channels for consumers and end-users to raise concerns | People & the community |
| ESRS S4-4, ESRS S4-5 | Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities | People & the community |