Annual and Sustainability Report 2025
Norðurál now publishes its second annual and sustainability report in accordance with the Corporate Sustainability Reporting Directive (CSRD) legislation and the European Sustainability Reporting Standards (ESRS) criteria.
Norðurál is one of the largest industrial companies in the country and plays a key role in West Iceland as one of the largest employers in the region. For decades, the company has been a vital part of the region’s business and economic development, creating value in a variety of ways, both through direct employment and extensive trade with Icelandic companies and service providers.
By producing aluminum from renewable Icelandic energy, Norðurál is also an important participant in the global value chain for raw materials that has a positive impact on the development of more sustainable communities. The company’s operations are based on the vision of creating long-term value in a responsible manner for employees, customers, owners, local communities, and other stakeholders.
Sustainability is integrated into all aspects of our operations and is based on the vision of creating long-term value for owners, employees, customers, suppliers, and the local community. Norðurál’s aim is to conduct its operations in a responsible manner, promote positive social impact and minimize negative impacts on the environment and resources.
Respect for human rights, employee safety, good governance, and environmental protection are guiding principles in all the company’s operations. Norðurál works systematically to reduce the environmental impact of our products, promote responsible use of energy and other resources and promote circular thinking and resource utilization in the value chain.
With clear goals, strong risk management, and continuous improvement, Norðurál strives to strengthen its competitiveness and contribute to the long-term sustainable development of society.
More about sustainability and social responsibility at Norðurál
Norðurál
Norðurál Grundartangi ehf. operates an aluminum plant at Grundartangi that produces aluminum and aluminum alloys for the international market. The company has an operating license to manufacture up to 350,000 tons of aluminum each year. The company has facilities at Grundartangi in West Iceland and Skógarhlíð in the capital, Reykjavík.
General Disclosures
Norðurál Grundartangi ehf. is 100% owned by Norðurál, which is 100% owned by the Century Aluminum Company, a company registered in the United States. Norðurál produces low-carbon aluminum at its plant at Grundartangi. Production is powered entirely by renewable hydro and geothermal energy, and the company’s products are sold on international markets, including to the automotive, construction, and power sectors. Norðurál’s business model is built on efficient, low-carbon aluminum production, with sustainability increasingly integrated into the company’s overall strategy.
Economy
Norðurál is one of the ten largest companies in Iceland, whether in terms of turnover or performance, and we are proud to be a leader in our field and to actively participate in the development of Icelandic society.
Environment
Norðurál is committed to operating in harmony with the environment. We continuously work to minimize environmental impacts and ensure the responsible use of energy and raw materials. Norðurál promotes environmental awareness and employee participation in improvements. The company complies with all requirements set out in its operating license as well as applicable environmental laws and regulations.
People & The Community
Norðurál employs a diverse group of people. Diversity strengthens our operations and helps us achieve excellence. We emphasize equal opportunities for all employees in terms of career development, pay, and benefits, and we conduct our business with respect for human rights. Professional human resource management is a key focus, guided by the company’s mission, vision, and values.
Corporate Governance
Norðurál operates in line with recognized principles of good corporate governance, emphasizing transparency and accountability. The company has established clear policies for ethics and responsible business conduct, based on the parent company’s framework and regularly implemented processes in Iceland. Norðurál is committed to continually improving its sustainability measurements and risk assessments in accordance with stakeholder expectations and ESRS standards.