SEB, Swedbank, RISEBA, Cognizant & Latvia Tours named most sustainable companies

Jun 16, 2020

For the 11th year, The Institute for Corporate Sustainability and Responsibility evaluated the sustainability index of numerous companies 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 Platinum, Gold, Silver, or Bronze status. AmCham members SEB bank and Swedbank were awarded with Platinum status among "LDz Cargo", "Rīgas Siltums", "Augstsprieguma tīkls", "Balta", "Baltic International Bank", "Cēsu alus", "Coca-Cola HBC Latvia", "Latvenergo", "Latvijas Autoceļu uzturētājs", "Latvijas dzelzceļš", "Latvijas Loto", "Rimi Latvia", RTU, "Sadales tīkls", "Schwenk Latvija", "Rīga" Airport, "Swedbank" and "Ventspils reiss". AmCham member RISEBA was awarded with Silver status, Cognizant and Latvia Tours with Bonze. In total, 19 Platinum statuses were awarded, 15 Gold, 18 Silver, and 10 Bronze.

Watch a short video below:

Sustainability Index is a strategic management tool aimed to help enterprises in establishing the level of sustainability and responsibility. Another purpose of the initiative is to praise and support the enterprises contributing to the long‑term sustainability of Latvian economy, environment, and society. The methodology is developed by the Institute for Corporate Sustainability and Responsibility. Any enterprise registered in Latvia interested in acquiring its non-financial performance evaluation, may apply for participation. Sustainability Index evaluates company's real activity and openness to communicate with different stakeholders. The index highlights the progress rather than competition with other companies.

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