Climate Change Data

AS VALMIERAS STIKLA ŠĶIEDRA

Climate Impact & Sustainability Data (2019)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:30092 (LV); 26319 (US); NR (UK)
Total Energy Consumption:80.15 (LV); 18.58 (UK); 33.45 (US) GWh
Water Consumption:0.93 million m3
Waste Generated:11473.36 (LV); 124.0 (UK); 8025.3 (US) t
Carbon Intensity:0.82 (LV); 0.92 (US); NR (UK) tCO2/t

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced CO2 emissions per unit of output by 56% in the last 14 years.
  • Reduced heat energy consumption per unit of output by 91% in the last 23 years.
  • Reduced power consumption per unit of output by 57% in the last 23 years.
  • Improved waste sorting system, sending 3,837 tonnes of waste for recycling in 2019.
  • Reduced newly bought resources by 60%.

Social Achievements

  • 802 trainings conducted in 2019 with 2,552 employees attending.
  • Average 9.8 hours of training per employee in 2019.
  • 913 occupational safety trainings with 1,209 employees attending.
  • 81 fire safety trainings conducted in 2019.
  • Invested 867,027 EUR in additional employee benefits in 2019.
  • 17 schoolchildren and students gained work experience.

Governance Achievements

  • 23 years listed on Nasdaq Riga.
  • Compliance with Nasdaq Riga Corporate Governance Principles.
  • No corruption incidents in 2019.
  • Adherence to ISO 9001:2015, ISO 14001:2015, and ISO 50001:2012 standards.

Climate Goals & Targets

Environmental Challenges

  • Significant unexpected losses at P-D VALMIERA GLASS USA Corp. due to extended preparation phase.
  • Unsuccessful efforts to find an external investor for Phase II of the US plant, leading to suspension of Phase II operations and Chapter 11 bankruptcy filing.
  • Negative financial results in 2019 due to challenges in ensuring full production at the US subsidiary.
Mitigation Strategies
  • Legal protection proceedings initiated to ensure sustainable continuation of Group-level operations.
  • Successful reconstruction of a high silica glass melting furnace.
  • Signing of a general agreement with the Latvian Industrial Workers Trade Union to improve collaboration and working conditions.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NASDAQ ESG Reporting Guide for Nordic & Baltic Markets

Certifications: ISO 9001:2015, ISO 14001:2015 (LV), ISO 50001:2012 (LV)

Third-party Assurance: SIA Latvijas Rūpnieku Tehniskās Drošības Ekspertu Apvienība – TUV Rheinland Group (ISO 14001); SIA Bureau Veritas Latvia (ISO 50001); SIA KPMG Baltics (Financial Report)