Latvenergo receives Corporate Governance Award

On Friday, 14 October, the Latvian Corporate Governance Advisory Board awarded Latvenergo AS as the best in the category "Stakeholder Engagement Practitioner" for ensuring quality cooperation with stakeholders.

This is the second year that the Corporate Governance Award has been presented to companies. It recognises the best practices in Latvia and acknowledges companies' efforts to implement good governance standards and the Latvian Corporate Governance Code.

This year, the Corporate Governance Advisory Board awarded the prize in three nominations, and the award ceremony took place on 14 October, at the conclusion of the 20th anniversary conference of the Commercial Law, "An honest and careful manager in times of great turmoil".

Chief Financial Officer of Latvenergo AS Guntars Baļčūns: "Latvenergo AS has been purposefully moving towards the integration of sustainable business practices into its activities, aiming to improve environmental, social and corporate governance in line with best practice. Latvenergo sees itself as a sustainable and open company, which is unthinkable without comprehensive stakeholder engagement. All activities are carried out with the aim of building a better-managed company that is sustainable and attractive for cooperation for all Latvenergo Group stakeholders."