Reykjavík Energy places great emphasis on gender equality. The company received the Equal Rights Award from the Equal Rights Council in 2014 and the Motivation Award from the Confederation of Icelandic Enterprise in 2015. Since 2021, it has been certified as a Universal Fair Pay Leader.
Reykjavík Energy is a member of the United Nations Convention on Gender Equality and, in 2023, earned an award for equality from Rise and Lead Women. This award recognised the company's accomplishments in addressing equal pay.
Progress through innovation
In 2017, Reykjavík Energy adopted a new model that analyses the impact of every wage decision on gender-based wage differences. This enabled the company to eliminate the unexplained gender-based pay gap. This milestone was achieved in 2017, and since then, unexplained gender-based wage differences have been statistically insignificant.
Unexplained gender-based pay gap at Reykjavík Energy 2006-2023
In the graph above, the number 0 represents that men and women get the same wages for equally valuable jobs. Numbers higher than 0 depict wage differences in favour of men, and numbers lower than 0 depict wage differences in favour of women.
Equal Pay Certificate
Reykjavík Energy's equal pay system received equal pay certification in 2018. That certification means that the system implemented meets the provisions of Act no. 56/2017 on equal pay certification. The system is used to ensure that RE does not discriminate against employees based on their gender.
