The sustainability report is not an additional burden, but an opportunity to look at yourself and find opportunities to achieve the same or even better economic benefits by reducing your consumption and also the impact on the environment, while finding unique solutions and opportunities, for example, reaching the methanol plant project.
This is what Māris Simanovičs, chairman of the board of AS Eco Baltia, tells in an interview with Dienas Biznesam. He acknowledges that measuring within the company to understand where it stands in the key aspects of sustainability, such as environmental (pollution, water consumption, circular economy), social (employee well-being, affected communities, consumers) and governance, has been the basis for reviewing many processes and seeking the best possible solutions.
Why did the company prepare a sustainability report that is not currently required by regulations?
The most important insights about the importance of sustainability issues and the need to prepare a relevant report for the entire group of companies arose more than ten years ago, when I studied MBA courses in Sweden regarding the leadership role in solving and achieving sustainability issues and visited several companies at the same time. Of course, in recent years, several sustainability requirements from volunteers have already become mandatory. This is also clearly confirmed by the EU Corporate Sustainability Reporting Directive, the implementation of which has been postponed for two years. At the same time, even in spite of this EU directive, investors (including banks) both before its adoption and now, when the deadline for its implementation has been postponed, want not only to see what is the impact of the company (in which they have invested their money) on the environment, how the company’s management plans to reduce it, at the same time how these measures, by consuming fewer resources, allow to achieve exactly the same or even better economic effect, what are the working conditions of the employees, what improvement in the welfare of the employees can be expected. Eco Baltia received its money from international investors, and that is why it is logical that, despite no other conditions or requirements, it was decided to prepare a relevant sustainability report. Although initially there was a desire to prepare the relevant sustainability report one year earlier, it took two years to complete all the necessary homework – much more time than was originally planned, very optimistically.
date:2026-02-11 05:08:00