Icelandair·Aerospace·Last verified 12 July 2026
32
out of 100
Below expectationsPending ReviewMixed evidence· 11 src

Icelandair discloses carbon operations and waste data but reports absolute emissions rising 4.8% while promoting only intensity improvements. Scope 3 accounting is severely incomplete, SAF uptake is unquantified, and climate targets are intensity-only without absolute reductions. Trade association membership in IATA and A4E undermines stated climate ambition.

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The calculation

Every score shows its working.

Same formula for every company. No curve. No private weighting.

SINK = (0.3 × Base + 0.7 × Performance) × Scale
Industry base impact
Aerospace sector ceiling.
38 / 100
Performance score
Sum of the 10 rubric questions, scored 0–10 each.
39 / 100
Raw score
Weighted average before scale penalty.
(0.3 × 38) + (0.7 × 39) = 38.7
Scale penalty
Multiplier based on absolute emissions volume — physics-first.
× 0.82
Final score
Rounded. Below expectations.
32 / 100
The ten questions

Where Icelandair is strong, and where it isn't.

Strongest on Carbon Footprint — Operations and Controversies & Red Flags (6/10, 6/10). Weakest on Emissions Trajectory and Carbon Footprint — Supply Chain (2/10, 2/10).

Where the evidence comes from

Every document used, listed.

11 sources used in this assessment. All publicly available. Each row shows which rubric questions it informed.

[1]Third-party verified
Tracenable — Icelandair Group GHG Emissions Dashboard

In 2024, Icelandair Group reported a total carbon footprint of 1,167,917 metric tons of CO₂e

Ongoing
Q1Q2Q3
View →
[2]Self-reported
Q4 2024 Press Release

From 2019 to 2024, Icelandair reduced its carbon emissions per operational ton kilometer (OTK) by 18%

2025
Q1Q3Q8
View →
[3]Self-reported
Icelandair Annual Report 2023 — Sustainability Section

Climate change mitigation has also been assessed as material in the value chain.

2023
Q2Q9Q10
View →
[4]Self-reported
Icelandair Annual Report 2025

CO2e emissions reduction: tCO2e emissions per OTK: 2023: -1% 2023: 0.76

2025
Q3Q8
View →
[5]Self-reported
Icelandair Annual Report 2020 — Environment Section

all the electricity used at Icelandair Group comes from a renewable source and is 100% hydroelectric

2020
Q4
View →
[6]Public record
Green Air News — IdunnH2 SAF MoU

IdunnH2 signs MoU with Icelandair to supply up to 45,000 tonnes of SAF produced from green hydrogen

2023
Q4
View →
[7]Self-reported
Icelandair Annual Report 2023 — Environment Section

Main impacts of pollution stem from de-icing fluid which can impact water and soil, burning of aviation fuel and tire wear.

2023
Q5Q6Q7Q10
View →
[8]Self-reported
Icelandair Annual Report 2022 — Environment Section

Icelandair is IEnvA Stage 2 certified, the highest level of IEnvA compliance.

2022
Q6Q7
View →
[9]Third-party verified
InfluenceMap — Aviation Industry Lobbying on European Climate Policy

IATA (E+) and Airlines for Europe (A4E) (E+)... actively opposed key national and EU aviation climate policies

Unknown
Q10
View →
[10]Self-reported
Icelandair Group Official Website — Responsibility & Environment

Icelandair acknowledges aviation's impact on the natural environment and public health through the burning of fossil fuels

Ongoing
Q5
View →
[11]Self-reported
Icelandair Annual Report 2022 — Embracing Our People and the Planet

since 2010 we have submitted an Emissions Report to the Icelandic Environment Agency, verified by an independent accredited verifier

2022
Q9
View →

If you believe a source has been misread or a newer version exists, submit a challenge.

Icelandair in context

Where Icelandair sits among aerospace peers.

Among the 28 major aerospace brands we've scored, Icelandair is tied =4th of 28, with 1 other.

=4/28
Icelandair's rank
27
Industry average
20
Industry low
39
Industry high
How this score has moved

Icelandair's score over time.

today

Score history begins .

As Icelandair's score updates, the trajectory will appear here.

We're backfilling historical scores for FTSE 100 and S&P 100 companies over the coming weeks.

What's being contested

This score is not currently being contested.

Every challenge is published. We'd rather be corrected than wrong — that's the whole point.

No challenges submitted yet. If you have evidence that contradicts this score, you can challenge any question above — cite a public source and we'll review it.

About Icelandair

Icelandair is Iceland's flagship carrier, founded in 1937 and headquartered in Reykjavík. Operating 62 destinations across Europe and the Atlantic, it connects Iceland to major markets and serves as a regional hub. The airline operates approximately 30 aircraft and carried 3+ million passengers annually pre-pandemic.

Founded
Headquarters
Iceland
Employees
~3,575
Annual revenue
~$1.86B
Company website ↗
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