Origo has set an Environmental Policy that covers all Origo operations as well as all employees of the Company. Origo's employees and managers are required to familiarise themselves with and implement the Policy, as well as look for ways to improve the environment. All legal requirements in the field of environmental issues are to be observed in the Company's operations. With the Environmental Policy, the Company undertakes to work systemically to minimise the negative environmental impact of its operations.
Origo has started work on a review of the Company's Environmental Policy and plans to introduce a revised Environmental Policy in 2020 which will include clearer quantitative long-term targets.
Origo is one of the companies that is a member of the Climate Declaration of the City of Reykjavik and Festa from 2015, with the Company committing to work on measures that reduce greenhouse gas emissions and reduce waste generation. The Company uses software to measure its ecological footprint and set environmental goals. Origo encourages its employees to travel in an eco-friendly way, including by providing transport grants to those who practice eco-friendly transportation and the Company has set a special transport policy in this regard. All waste that is generated, including at the Company's offices, retail stores, workshops and warehouses, is classified into appropriate sorting bins. The Company has taken great strides in eliminating disposable packaging that was previously in frequent use. The Company uses its own solution, RentaPrent, which focuses on reducing waste of paper.
Origo hf. is now, for the first time, conducting comprehensive environmental accounting in collaboration with Klappir Grænar Lausnir for 2019. The environmental accounting is conducted in accordance with the Greenhouse Gas Protocol (GHG Protocol) and the NASDAQ ESG guidelines, and Origo has carbon offset its operations for 2019 in collaboration with Kolviður (the Iceland Carbon Fund).
Kolviður will bind carbon in vegetation and soil through soil reclamation and forestry to offset carbon emissions in Origo's operations in 2019. These are emissions generated by the Company's vehicles, buildings, waste and air travel.
Origo hf.'s environmental accounts for 2019