Responsible business

Icelandair has put a special emphasis on working with Icelandic suppliers to promote local products and crafts as part of our promise to bring Iceland to the world. We have made it a priority to serve local products on our flights to allow our international customer base to try the best of Iceland. When selecting suppliers for our Iceland selection, we carefully monitor quality and sustainability features.

Icelandair also has more than 2,000 suppliers around the world. We are one of the largest buyers of products and services in Iceland, and have a significant footprint. During 2019, we have worked to centralise and improve our procurement function across the Group. As part of this process we have identified responsible procurement as a material issue for Icelandair Group to work with. We have initiated the work to categorise our suppliers according to sustainability risks and to design solid monitoring and follow-up measures. We have mapped our largest suppliers according to sustainability risks and used the opportunity to train our procurement team on responsibility issues.

Ensuring a responsible supply chain

By end-2020, top 100 suppliers have gone through our risk screening model and actions have been taken to act on the assessment
By end-2021, our Code of Conduct is integrated in all business contracts
By end 2021, all significant suppliers have gone through risk screening model and actions have been taken to act on the assessment

In 2020, we will implement a new responsible procurement system covering all our suppliers and launch our new supplier Code of Conduct. Our responsible procurement system will cover a risk assessment of suppliers, a self-assessment, follow-up dialogue and audits and trainings as part of the ongoing monitoring. From mid-2020, our new supplier Code of Conduct will be integrated in all new contracts.

Anti-corruption and governance

Icelandair Group conducts all its business in an honest and ethical manner and the integrity of each and every member of staff serves to maintain the good reputation and trust of the Company. All persons, representing or performing services for or on behalf of Icelandair Group must comply with applicable anti-bribery and anti-corruption legislation and policies, and Icelandair Group’s Code of Conduct.

A new anti-corruption and bribery policy was established and approved by the executive management early 2020 which applies to the entire Icelandair Group workforce at all levels and grades (whether permanent, fixed-term or temporary), and all operations, subsidiaries and affiliates in all countries that the company operates in.