Society
Elektrum is building an open and sustainable dialogue with employees, partners, customers and local communities, strengthening a safe working environment, supporting education, science and community initiatives, and implementing responsible corporate governance
Cooperation with stakeholders
Cooperation with stakeholders is an essential part of the Elektrum Group's responsible business and sustainability management. Stakeholders are identified and assessed in line with the ESRS and AA1000 standards, and the Group regularly involves them in assessing social, environmental and governance impacts, setting priorities and developing targets.
Stakeholder engagement takes place in various formats depending on current developments and action plans, including discussions on environmental issues, online seminars on the sustainability strategy and in-person consultations on aligning targets.
This approach ensures that the Group's targets reflect the interests of employees and society and the needs of environmental protection. Regular dialogue strengthens support for the sustainability strategy and makes it possible to set targets based on stakeholders' views.
Elektrum Group stakeholders, mutual impact and material topics
- The Group's contribution to the national economy
- The Group's strategy, governance, capital investments and operating results
- Compliance with legislation and fair competition
- Transparent and open procurement tenders, capital investments, compliance with legislation and fair competition
- Efficiency, availability and safety of distribution services
- Occupational health and safety
- Team spirit
- Employee engagement, development, productivity and motivation
- The Group's financial results, material events, compliance with legislation and with contractual terms
- Fair competition and communication practices
- The Group's involvement in developing education programmes that meet labour market requirements, and involvement of the Group's experts in education programmes
- Science and education projects, educational materials for children and young people
- Products, services, and their quality and price
- Reducing the frequency and duration of unplanned outages
- Availability of information
- Availability of information on the Group's core operations and governance
- Energy policy developments
- Compliance with legislation and fair competition
- Efficiency of energy production facilities and involvement in shaping industry policy
- Compliance with legal requirements and fair competition
- Contribution to information availability for various social groups
- Development of Latvian and EU energy policy, efficiency of energy production facilities and emergency management plans
- Compliance with legal requirements and fair competition
- Data security
- Modernisation of production facilities and network development projects, efficiency and availability of distribution services, and situation management plans
- Compliance with environmental protection requirements
- The Group's CSR activities
Working environment
Our employees achieve the Group's goals and build relationships with society, customers and other stakeholders. A sustainable working environment that is open to competence development and diversity is one of the Elektrum Group's priorities.
Every day, the Elektrum Group takes care to provide employees with a safe and healthy working environment by promoting the creation of high-quality and comfortable workplaces and allowing employees to take part in identifying hazardous situations and proposing necessary improvements. This gives us the opportunity to work together to increase employee satisfaction, making employee health and safety the company's priority values at every stage of core operations and in interaction with society.
As working lives gradually become longer, the Elektrum Group carries out activities to develop individual knowledge and skills and to promote well-being. Physical activities have traditionally been highly valued in the Group, and our challenge is to increase their variety in order to encourage greater employee participation. The information systems needed for work are designed in line with the principles of an inclusive digital environment in order to promote digital well-being.
We regularly monitor emotional, occupational and physical safety at the workplace through the Employee Experience Survey to offer the most appropriate solutions to as many employees as possible.
The Elektrum Group adapts the working environment to employees as far as possible and, where employees cannot be protected by collective protective measures, provides them with innovative, modern and safe personal protective equipment.
We have joined the Mission Zero initiative which helps us to develop a Zero Accidents approach and to continuously improve occupational safety and health protection methods and processes.
When carrying out work and engaging cooperation partners, we rely on an open internal culture and encourage everyone to report all kinds of incidents that may endanger the safety or health of employees and of cooperation partners' employees. We regularly train employees and cooperation partners in occupational safety.
The Elektrum Group companies provide a fair remuneration system that reflects labour market trends, employee qualifications and work performance. We promote the understanding that value lies both in financial remuneration and in good working conditions, including a positive and developing working environment and the opportunities and benefits offered by the employer. Employees are motivated to perform at a high level by values, inspiring leadership and new challenges. We are also committed to continuing to ensure that employees' assessment of remuneration remains positive.
65%
Strengthen employee well-being by implementing measures that promote physical safety and mental and physical health
Performance indicator: at least 65% positive well-being rate
0serious accidents
Reduce potential workplace risks and improve the working environment
Performance indicator: 0 serious accidents
Maintain a fair remuneration system that does not allow discriminatory pay differences
Performance indicator: annual employee and external assessment of fair remuneration
Education and science
The following tasks are carried out to promote the development of education and science in the energy sector:
- to promote young people’s interest in STEAM fields, science-related subjects and engineering professions;
- support young people's excellence in the exact sciences;
- enhance the teaching resources available to teachers;
- to support scientific work of researchers and teachers in the field of energy;
- educate about energy efficiency;
- to develop energy literacy.
Information on donations for the development of science and education is available in the Donations section.
Latvenergo AS has been organising this quiz competition for grade 8 and 9 students for 31 years in a row. The aim of the competition is to raise young people's interest in the exact sciences, to show in an engaging way how theoretical knowledge can be applied in practice, to encourage them to choose engineering professions in the future, to educate students about the safe and efficient use of electricity in everyday life, to build an understanding of environmentally friendly energy production and use, and to promote the energy sector.
Elektrum Physics Festival – a public event with thematic, educational and entertaining activities in STEM disciplines for different audiences. During the Physics Festival, everyone can participate in experiments and workshops, and hear expert opinions on the role of STEM in social and economic development. The semi-finals and finals of the FIZMIX knowledge contest also take place during the festival.
www.fizmix.lv is the first website in Latvia for primary and secondary school audiences, with the primary aim of engaging and exciting visitors about physics by encouraging them to choose their future career in the area of exact sciences. The content offered within the framework of FIZMIX can be used by parents together with their children to create early interest in science, as well as by youths, who are already studying physics at school. The FIZMIX.lv portal publishes videos of experiments, and the theory of physics is supplemented with practical examples and explanatory images, as well as a wide range of exercises with solutions and explanations.
Since 1997, Elektrum has been promoting public understanding of energy and smart energy use. Elektrum Energy Centre is an educational destination in Jūrmala where everyone is invited to explore the world of energy in an engaging and hands-on way, discovering the path of energy from its production to efficient and safe everyday use.
Through educational programmes and interactive, experience-based activities, the Energy Centre promotes public energy literacy and helps various audiences, including students, teachers, families, businesses and other interested parties, to better understand the importance, development and opportunities of energy, as well as to gain knowledge and practical experience to use in everyday life.
The knowledge and long-standing experience accumulated at the Energy Centre are used in educational work, building a practical and modern understanding of energy, its development trends and its role in society.
+15%
Promote children's and youth's interest in STEM subjects, as well as students' and teachers' knowledge of the Green Deal
Performance indicator: +15% participants in educational activities by 2026 (compared to 2023)
>6000children educated
Increase children's and young people's knowledge of electrical safety
Performance indicator: more than 6000 children and young people educated annualy
Investments in society
The local community is one of the Group's priority stakeholders. It is important for the Group to be in the closest possible contact with local communities near the Group's sites and to contribute to the growth of these communities.
The Elektrum Group informs the public about planned activities, such as renewable energy generation capacity development projects, and provides an opportunity to submit proposals on the possible impact of such activities.
To expand cooperation with stakeholders and involve experts from relevant areas in decision-making regarding donations, Latvenergo AS donates the financial funds for the development of education and science, as well as children and youth sports, to the cooperation partners for the organisation of project tenders.
Up-to-date information on public consultations and information seminars, as well as answers to frequently asked questions, is published on the website of the Group's subsidiary Latvijas vēja parki SIA.
The Elektrum Group provides an opportunity to learn about successful examples of renewable energy generation capacity development projects.
at least 10events
Promote public awareness of sustainability
Performance indicator: at least 10 events a year to educate the public
Donations
State capital companies may donate funds or property in accordance with the “Law on Prevention of Squandering of the Financial Resources and Property of a Public Person” and the Cabinet of Ministers Order of 6 June 2024 No. 426 On gifts (donations) by state capital companies.
According to the Donation Strategy Latvenergo AS donates financial resourcesin the following focus areas:
- education, science, children and youth sports;
- social assistance;
- culture.
Donations for education, science, and sport for children and young people
The Elektrum Group implements projects for the development of education and science in the energy sector and promotes engineering professions and STEM education.
Promoting the excellence of young people in exact sciences, for several years Latvenergo AS has supported the development of Riga Technical University (RTU) Engineering High School and improvement of the technical equipment of the Latvenergo Creative Laboratory at the RTU Faculty of Electrical and Environmental Engineering , as well as supported the participation of the Latvian team in the International Physics Olympiad.
Support for improving physics classrooms in Latvian general education institutions by organising a project competition (2026 project competition winners)
"Latvian Education Accelerator" programme
Support for the participation of the Latvian team in the 56th International Physics Olympiad
Support for the participation of the Latvian team in the 55th International Physics Olympiad
Support for improving physics classrooms in Latvian general education institutions by organising a project competition (2025 project competition winners)
"Latvian Education Accelerator" programme
Support for improving physics classrooms in Latvian general education institutions by organising a project competition (2024 project competition winners)
"Latvian Education Accelerator" programme
Support for the development of RTU curiosity centre Futurimo Riga
Support for creating outstanding physics classrooms in Latvian general education schools by organising a project competition (2022 project competition winners)
Support for children's and young people's team sports activities by organising a project competition (list of 2022 project competition winners)
Support for the participation of the Latvian team in the 6th European Physics Olympiad
Support for creating outstanding physics classrooms in Latvian general education schools by organising a project competition (2021 project competition winners)
Support for promoting competitiveness and mass participation in children's and young people's team sports by organising a project competition (list of 2021 project competition winners)
Support for the participation of the Latvian team in the 51st International Physics Olympiad
Support for the infrastructure development of the RTU EVIF Latvenergo creative laboratory
Support for purchasing equipment for the chemistry classroom of the RTU Engineering High School
Support for improving the technical equipment of the RTU EVIF Latvenergo creative laboratory
Support for the purchase of equipment for the optics and electronics prototyping laboratories of the RTU Engineering High School
Support for the participation of the Latvian team in the 50th International Physics Olympiad
Support for the participation of the Latvian team in the 49th International Physics Olympiad
Support for organising the 3rd European Physics Olympiad in Riga (from 31 May to 4 June 2019)
Support for improving the technical equipment of the RTU EEF Latvenergo creative laboratory
Support for the purchase of equipment for the physics, chemistry and science laboratory rooms of the RTU Engineering High School
Support for improving the technical equipment of the RTU EEF Latvenergo creative laboratory
Support for creating a virtual space for the RTU Engineering High School
Support for the participation of the Latvian team in the 48th International Physics Olympiad
Support for the RTU Engineering High School
Support for improving the RTU EEF Latvenergo creative laboratory (purchase of equipment and materials)
Support for the establishment of RTU Engineering High School
Support for the implementation of the Latvia's EU Presidency event “Energy Union Conference”
Donations for social assistance
To expand cooperation with stakeholders and involve experts from relevant areas in the decision-making regarding donations, starting from 2018 Latvenergo AS donates funds in the social field through project tenders administered by the partner organisation. The Foundation “Ziedot.lv Fund” has been chosen as the cooperation partner based on the Fund’s previous experience, recognition and reputation.
Following Russia's full-scale invasion and the resulting war, Ukraine and its people still need assistance of any kind. The Elektrum Group greatly values every initiative to support Ukraine and its people, especially in restoring the energy system. The Group has carried out, and plans to continue carrying out, socially responsible activities, expressing its solidarity with and support for Ukraine.
Latvenergo AS social support project competition – summer camps for children from Ukraine
(List of project competition winners)
Payment of electricity consumption for the building at Baltā iela 10, Riga
Donation of 44 automotive vehicles to Ukrainian society
Donation of 82 computer monitors to Ukrainian society
Donation of transformer, 3 overcurent relays and 2 pumps with actuator for the restoration of the Ukrainian power system
Donation of 12 pump with actuator for the restoration of the Ukrainian power system
Donation of up to 20 tonnes of transformer oil (in 22 oil tanks) for the restoration of Ukraine's power supply system
Donation of 65 automotive vehicles to Ukrainian society
Donation of 120 computer monitors to Ukrainian society
Latvenergo AS social support project competition - summer camps for children from Ukraine (List of project competition winners)
Donation of sets of solar panels, inverters, solar panel mounts and DC cables for the restoration and stabilisation of Ukraine's power supply system
Donation of sets of solar panel mounts and DC cables for the restoration and stabilisation of Ukraine's power supply system
Payment of electricity consumption for the building at Baltā iela 10, Riga
Donation of solar panels and inverters to restore and stabilise the electricity supply system of Ukraine
Latvenergo AS Oncology patient support programme
Latvenergo AS social support project competition - summer camps for children from Ukraine (List of project competition winners)
Donation of 93 automotive vehicles to Ukrainian society
Donation of a transformer ТC-250000/330 with a capacity of 250 MVA for the restoration of the Ukrainian power system
Donation of 60 tonnes of transformer oil for the restoration of Ukraine's power supply system
Donation of a two-stage, screw-type compressor GR110 for the restoration of the Ukrainian power system
Charity campaign “Support Ukraine with Elektrum Natural Gas”
Donation of Smart home devices
Donation of 30 computer sets
Donation of 242 computer sets
Donation of a three-phase 11/110 kV transformer for the restoration of the Ukrainian power system
Latvenergo AS social support project competition - for children and adults with special needs (list of 2022 project competition winners)
Latvenergo AS social support project competition - summer camps for the integration of Ukrainian children in Latvia(List of project competition winners)
Donation of 151 computer sets
Latvenergo AS support for social assistance organisations to implement energy-efficient solutions (list of 2021 project competition winners)
Latvenergo AS social support project competition (list of 2020 project competition winners)
Latvenergo AS social support project competition (list of 2019 project competition winners)
Donation of 248 computer sets
Donation of 227 computer sets
Latvenergo AS social support project competition (list of 2018 project competition winners)
Donation of 166 computer sets and 1 printing device
For the Come Along in Christmas! charity campaign
For the Come Along in Christmas! charity campaign
Support to the large family programme
Donation of 243 computer sets
For the Come Along in Christmas! charity campaign
Social support campaign Electricity payment cards – EUR 84.24
Social support campaign – compensation of 2400 kWh for large families
Donation of 492 computer system units and 419 monitors
For the Come Along in Christmas! charity campaign
Social support campaign – compensation of 2400 kWh for large families (LVL 79.68)
For the Come Along in Christmas! charity campaign
Social support campaign Electricity payment cards – LVL 53.70"
Social support campaign – compensation of 2400 kWh for large families (LVL 79.68)
Contribution to the Ziedot foundation for purchasing computer equipment for people with reduced mobility
For the Come Along in Christmas! charity campaign
Donations for culture
As a responsible company that cares about Latvian cultural traditions, Latvenergo AS supports the organisation of the Latvian National Song and Dance Festival and the Latvian School Youth Song and Dance Festival, and, in cooperation with the "State Culture Capital Foundation", contributes to preserving the national cultural and historical heritage.
Support for cultural and historical heritage
Support for cultural and historical heritage
To support organisation of the XXVII Latvian National Song Festival and the XVII Dance Festival
Support for nationwide cultural events by organising a project competition (list of 2020 project competition winners)
Support for nationwide cultural events by organising a project competition (list of 2019 project competition winners)
Support for creating a sculpture in memory of Academician J. Stradiņš
Support for the implementation of the project to build the electricity supply and lighting for the Riga Brethren Cemetery
Support for nationwide cultural events by organising a project competition (list of 2018 project competition winners)
Support for the XXVI Latvian National Song Festival and XVI Dance Festival
Support for the XXVI Latvian National Song Festival and XVI Dance Festival
Support for the XI Latvian School Youth Song and Dance Festival
Support for organising the XXV Latvian National Song Festival and XV Dance Festival
Corporate social responsibility
Corporate social responsibility (CSR) involves voluntary activities by businesses to improve social welfare and the environment in cooperation with stakeholders. To support best practices of corporate social responsibility, the Group implements CSR activities in three directions according to principles and criteria defined in the Sustainability policy (see CSR infographics).
Contact: ksa [at] latvenergo.lv
Principles
Activity criteria
We do not support
Donation is one of the forms of the Corporate Social Responsibility of Latvenergo AS. The Donation Strategy of Latvenergo AS has been developed to provide operational guidance for allocating donations in compliance with laws and regulations, guidelines, strategy of the Group, Latvenergo AS policies and values, and opinions of the stakeholders.