Sustainability - Our Natural Promise

Sustainability Report 2022

Sustainability - Our Natural Promise

We invite everyone to take a look at the first Sustainability Report 2022 of Latvijas Finieris Group, which contains information on sustainability areas that are important for the Company’s operations.

The Sustainability Report has been prepared in accordance with the GRI (Global Reporting Initiative) standard, focusing on four key topics for Latvijas Finieris: forestry, positive employee experience, environmental impact and CO2 emissions management, as well as the development of side stream product utilisation. Given the fact that this is the first official Sustainability Report of its kind for the Group, the collection of key data in a number of areas has only recently started. This is particularly the case for the CO2 emissions created as a side stream product of the Group’s processes and the carbon stored in our wood products, where the sustainability team at KPMG Baltics SIA was engaged to develop the calculation methodology. The calculation methodology for carbon sequestration in forests owned by Latvijas Finieris was developed together with specialists from the Latvian State Forest Research Institute Silava. In future Sustainability Reports, which will be published annually, the calculation methodology will be gradually developed to cover more and more sustainability aspects.

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