Latvenergo AS receives S&P Global Corporate Sustainability Assessment
November 25, 2025
On 20 November 2025, Latvenergo AS received the Standard & Poor's Global Corporate Sustainability Assessment (CSA), scoring 54 points, which places Latvenergo AS among the top 30% of companies worldwide in the Electric Utilities sector. In total, 246 companies in this sector were assessed. S&P Global recognized Latvenergo AS initiatives across all ESG (Environmental, Social, Governance) dimensions, including climate strategy, human capital management, transparency and sustainability disclosure, risk management, and business ethics.
Latvenergo AS has received corporate sustainability assessment from the international financial information and analytics company S&P Global. The company scored 54 points, while the industry average according to analysts is 41 points. As a result, Latvenergo AS ranks among the top 30% of companies worldwide in the Electric Utilities sector.
To obtain an ESG maturity assessment and recommendations for further improvement, Latvenergo AS conducted an independent and reputable S&P Global Corporate Sustainability Assessment, which, among other aspects, analysed the company’s impact on society and environment and its exposure to sustainability risks. This is one of the leading global sustainability benchmarks that evaluates company performance across all ESG aspects.
“ESG assessment is an important benchmark for us. We see this evaluation as a foundation for further development and implementation of long-term sustainability targets,” said Guntars Baļčūns, Chief Financial Officer and Member of the Management Board of Latvenergo AS.
Positive ESG results have also been reflected in investor interest. In November 2025, when issuing our first €400 million European green bonds, more than half were purchased by sustainability-oriented investor portfolios, confirming market confidence in the company’s development direction and sustainability priorities.
“The choice of sustainable investors to support our bond issuance is a clear signal – the market values our efforts and strategy. We will continue implementing sustainability initiatives and improving governance processes to enhance ESG results in future assessments,” emphasized Guntars Baļčūns.
ESG ratings play a crucial role in global capital markets, as investors, borrowers, and issuers increasingly use ESG ratings to make informed decisions regarding sustainable investments and financing. ESG ratings provide an opportunity to compare performance with the best peers in the energy sector.
