Category: Uncategorized

Eco Baltia publishes its first ESG report in line with EU CSRD / ESRS requirements

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The largest environmental resource management and recycling group in the Baltics, Eco Baltia, has published its first non-financial report on the implementation of environmental, social responsibility, and corporate governance (ESG) principles. The report has been prepared in accordance with the European Union’s Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS).

The report has been developed to highlight Eco Baltia’s achievements and initiatives in the fields of sustainability, social responsibility, and corporate governance, presenting them to clients, employees, investors, shareholders, and the wider public.

Key results in 2024

In 2024, Eco Baltia processed more than 250,000 tonnes of materials across its 30 facilities in Latvia, Lithuania, Poland, and the Czech Republic, making a significant contribution to the development of the circular economy and reducing the use of natural resources. The company further expanded its waste sorting infrastructure by investing €11.7 million in the Resource Management Centre in Latvia and €18 million in the reconstruction of the sorting centre in Vilnius, Lithuania, while also ensuring high environmental and fire safety standards in these facilities.

A particularly important step was the €39+ million investment in the PET recycling plant ITERUM, of which around €14 million was invested by the company itself. ITERUM is one of the largest facilities of its kind in Northern Europe, significantly expanding opportunities for reusing recycled PET materials in international markets.

At the same time, Eco Baltia advanced other sustainability initiatives. By 2024, 18.5% of all waste collection in the Baltics was carried out using low-emission vehicles, with the share in Latvia reaching as high as 63%. In addition, under the EU LIFE project, a polymer material testing laboratory was established at the Nordic Plast facility, supporting and promoting the use of recyclable materials in packaging.

Altogether, through these initiatives and solutions, Eco Baltia prevents around six times more CO₂ emissions than it generates, reinforcing its role as one of the leaders in circular economy and sustainable solutions in the Baltics and across Europe.

Māris Simanovičs, Chairman of the Board of Eco Baltia:
“Sustainable development is not just an obligation – it is the foundation of our competitiveness and growth. Our goal is to stay one step ahead – not only by meeting regulatory requirements but also by creating new solutions in circular economy and sustainable corporate governance. This ESG report is proof that we can successfully combine business growth with responsibility towards society and the environment.”

The full ESG report is available HERE.

“Eco Baltia” invites to join its webinar about financial results of year 2024

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On August 21 at 13:00 EEST (Baltic time) Eco Baltia will hold the webinar on its year 2024 results and developments in the company.

Webinar will be hosted by the Chairman of the Management Board Māris Simanovičs and Member of the Managament Board and CFO Santa Spūle.

To participate in the webinar, please register: 
https://nasdaq.zoom.us/webinar/register/3517546525809/WN_5s14F5o-Q-CDuBh4V2DnIw

After filling out the application form, you will receive a link to the webinar and information how to join the call. It is suggested to download the Zoom app to take full advantage of all the functionalities.

The webinar will be held in English. It will start with the Company’s presentation, followed by a Q&A session, during which the Company’s management will provide answers to partcipants’ questions. We invite you to send your questions in advance by August 20, to marta.muizniece@nasdaq.com or submit them through the registration link.

About Eco Baltia JSC
Eco Baltia is the largest environmental resource management and recycling group in the Baltics, ensuring a full waste management cycle – from waste collection and sorting to secondary raw material logistics, wholesale, and the recycling of secondary materials, including PET and PE/PP plastics, as well as PET fiber production.

The Eco Baltic group ended 2024 with its largest ever audited consolidated turnover of 261.54 million euros, an increase of 20% compared to 2023.

The group’s companies in Latvia, Lithuania, Poland and Czech Republic have more than 2,600 employees. The largest of the companies the group owns are Eco Baltia vide, Latvijas Zaļais punkts, Nordic Plast, Oil Recovery, and ITERUM in Latvia, Metal-Plast in Poland, TESIL Fibres in Czech Republic, and Ecoservice in Lithuania.

The shareholders of Eco Baltia are the INVL Baltic Sea Growth Fund (52.81%), the European Bank for the Reconstruction and Development (30.51%) and Māris Simanovičs (15.93% through SIA Enrial Holdings and 0.75% through Penvi Investment Ltd).

Eco Baltia Group Company Eco Baltia vide acquires the right to provide services in Ādaži Municipality for seven years

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Eco Baltia vide, a company within JSC (AS) Eco Baltia — the largest environmental resource management and recycling group in the Baltics — has won the public procurement tender announced by Ādaži Municipality for the provision of household waste management services. The total predictable contract value for the seven-year term is 22 million euros excluding VAT.

As a result of the tender, Eco Baltia vide will begin providing household waste collection services in Carnikava starting September 1. From June 2 of the following year, the company will continue service provision across the remaining areas of Ādaži Municipality, where services are currently delivered under the previous contract.

Jānis Aizbalts, Chairman of the Management Board of Eco Baltia vide, commented:

“Participation in public procurement is a key instrument for a company’s strategic growth — it enables the targeted expansion of service territories and customer base, increases service volumes, and supports return on investment in infrastructure and innovation. The new contract demonstrates our ability to compete with sustainable and economically sound solutions, while also laying a stable foundation for continued growth in Latvia’s municipal sector.”

Winning the Ādaži Municipality tender gives Eco Baltia vide the opportunity to strengthen its presence in one of Latvia’s fastest-growing regions and boosts the company’s competitiveness in the utilities sector.

The service expansion allows the company to develop and enhance processes — from improving customer management systems to optimizing logistics — while reinforcing its brand as a sustainable and innovative service provider. These development directions also contribute to maintaining and continuously improving high service quality, ensuring convenient and modern solutions for every customer.