8 members reach several categories in InCSR

Jun 21, 2023

For the 14th year, the Institute for Corporate Sustainability and Responsibility (InCSR) evaluated the sustainability index of more than 81 companies and organizations in Latvia. The objective of this index is to diagnose corporate sustainability and responsibility in order to praise and support companies that strengthen Latvian economy.

Based on references and data submitted, companies were awarded Dimond, Platinum, Gold, Silver, or Bronze status. AmCham members SEB bank and Swedbank this year were awarded with Diamond status along with Cēsu alus, Rimi Latvia, Latvenergo, Sadales tīkls, SCHWENK Latvija and international airport Riga.  Those organizations are able not only to reach the highest peaks of sustainability, but also to inspire others, thus contributing to the sustainable development to both their organizations and the country.

Coca-Cola HBC Latvija were named among top in the Platium category.

AmCham members airBaltic and Luminor were awarded with Gold status and RISEBA, Citadele bank and Cognizant received the Silver. In total, 8 Dimond statuses were awarded, 18 Platinum, 30 Gold, 19 Silver, and 6 Bronze.

The minimum threshold of the sustainability index (at least 40% fulfillment of the criteria) was overcome this year by 81 organizations - both companies and state institutions, with an average overall performance of 82.2%. 

As part of the sustainability index, other awards highly valued in the Latvian corporate environment were also presented and Swedbank also received a Gender Equality award for implementing the principles of gender equality.

Find out more about InCSR here:

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I would highly recommend membership to other professionals looking to expand their business connections.

Gundars Ziemanis, Latvia branch Country Manager, Siemens Healthineers

In Nasdaq we strive to build sustainable principles into our solutions because it is the key to long-term global prosperity. AmCham is an organization where well-governed and transparent companies of different sizes and origins meet. This is why I am delighted to contribute to improving the business culture and corporate governance through AmCham.

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