Nova

ABOUT THE COMPANY

Incorporated in 2016, Nova Klubburinn is a full-service Icelandic telecommunications company based in Reykjavik, Iceland. Most known for its innovative and customer-first approach within its business strategy, Nova offers a range of mobile, Internet, TV, and retail services. With individuals, small companies, and medium corporations as its primary customer base, Nova has been recognized as the company with the highest customer satisfaction for the last fifteen years according to the Icelandic satisfaction scale for customer satisfaction.

In recent years, Nova has made steps towards sustainability and reducing its carbon footprint. Through emphasizing the use of renewable energy in its data networks and infrastructure as well as supporting social causes, the company remains a positive force in the Icelandic community.

As the company looks to the future, Nova’s continued commitment to innovation and sustainability remain at the center of its strategy. As Nova expands its 5G networks and enhances its digital solutions, the company seeks to invest in. Additionally, Nova will continue its implementation of share repurchase plan.

SUSTAINABILITY

This policy is intended to support the goal of Nova promoting sustainability with the guiding principle of having a positive impact on society with a special emphasis on health and well-being, equality, innovation, and development, thereby contributing to increased sustainability in our environment. Nova looks to the United Nations Sustainable Development Goals in these matters.

Nova is taking its first steps in sustainability in a strategic manner with well-defined measurable goals as a guide. In the coming years, the company will focus on the following tasks related to environmental issues:

Review measurements of the past three years and set goals for the future.
Ensure information is provided to the board at least twice a year on how sustainability goals are progressing.
Implement sustainability as part of the annual planning of each executive director, so that decisions always take social impact into account.
Explore the best ways to offset the carbon footprint of Nova employee travel.
Place even more emphasis on recycling old electrical appliances, e.g. by rewarding employees for success in this area.

Nova's board has adopted good corporate governance practices with the aim of supporting responsible conduct and corporate culture within the company for the benefit of all the company's stakeholders. The Board shall always strive to comply with the requirements set out in the recognized guidelines in force at any given time, as well as the provisions of the law governing the company's operations. Guidelines on corporate governance, 6th edition, published by the Icelandic Chamber of Commerce, the Confederation of Icelandic Employers and Nasdaq OMX Iceland hf. (hereinafter referred to as the "Guidelines on Good Corporate Governance" or "the Guidelines") shall be particularly guided by this in terms of good corporate governance.

Nova shall also look to UFS guidelines Nasdaq when it comes to measuring the results of social responsibility and, where appropriate, publish annually the information required by the guidelines.

UN Global Goals

Health and well-being
Gender equality
Innovation and development

Nova Klubburinn

ABOUT THE COMPANY

SUSTAINABILITY

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