Realizing the gravity of climate change consequences and acknowledging the role of financial sector in promoting the sustainability, we implement environmental, social, and governance principles in all aspects of our operations.
This approach enables us to build a sustainable financial culture, in which sustainability is the underlying base of every our activity.
We uphold and advance sustainable development of Latvian and Baltic economy by providing support to medium and large enterprises.
We take responsibility when handling the tasks of the financial sector, which are to further the sustainable environment and to raise the awareness of clients and business partners on importance of sustainable operations. These are pivotal to the successful growth of individual companies and the economy in general.
We have determined the priorities and strategic lines of sustainable development as well as their achievement milestones to maintain our commitment for sustainable operations.
We have identified nine major goals of sustainable development to which we can contribute most.
We actively engage in the programmes on evaluating sustainability and corporate responsibility of companies, including the following:
We gradually introduce the good governance principles in our sustainable operation model:
In our operations, we strive to follow the three main aims set in the European Commission Action Plan: Financing Sustainable Growth:
Together with the stakeholders, we take the due care approach – we identify and assess possible negative impact, mitigate risks, monitor the progress, and ensure openness and information availability.
Our approach to sustainability is a commitment to act responsibly for a stable future. We generate a positive impact not only by excelling in our core business of providing lending and investment services, but also by learning from best practice and sharing our experience of achievements and challenges.
We believe that by engaging our clients and partners in reaching our sustainability objectives, we are jointly building the foundation for a future more resilient to sustainability-related risks.
Together, we can not only drive economic growth, but also create a fairer, more inclusive, greener world for ourselves and coming generations.
The Sustainability Report of the Bank and its Group for 2024 is the first sustainability performance report of the Group. It was prepared applying the requirements of the Law on Sustainability Disclosures ensuing from the Corporate Sustainability Reporting Directive and the European Sustainability Reporting Standards.
The Sustainability Report provides information on the Group’s efforts and achievements in the areas of corporate sustainability – the implementation of environmental, social responsibility and governance principles at all levels of operation, thereby fostering a culture of sustainable finance.
Group is aware of the importance of the information contained in the Sustainability Report to our stakeholders, and therefore we treat the obligation of information disclosure with due care.