It serves as LSR’s sustainability disclosure and follows the structure of the European Sustainability Reporting Standards (ESRS). These standards are designed to ensure consistent and comparable reporting across companies, addressing environmental, social, and governance (ESG) factors.
One of the key requirements of the ESRS is the implementation of a “double materiality assessment,” in which companies evaluate and analyze sustainability issues from two perspectives: how these issues impact the company itself, and how the company's operations affect society and the environment.
Such an assessment was conducted for LSR for the first time last year, and the report includes a review of the findings from that analysis.
The report is only available in Icelandic.