The agreement is called “Loftslagsyfirlýsing Festu og Reykjavíkuborgar” or in English, The Climate Agreement of Festa and the City of Reykjavík. By signing the agreement, companies are making a commitment to:
- Reduce the release of greenhouse gases
- Reduce waste
- Measure and report on a regular basis on these two issues above
Festa and the City of Reykjavík have together provided support, education and knowledge to the participants as well as providing a tool to measure the carbon footprint of their.
In 2019 the municipality of Akureyri signed The Climate Agreement along with over 20 companies and institutions from the area.