Climate neutrality is a big part of company’s sustainability. Reduction in impact on the environment is requested by clients, legislation in Latvia, European Union and financial institutions. We will offer the most appropriate solution in reducing environmental impact depending on the specifics and challenges of your business.
CO2 neutrality
There are a number of potential solutions for the companies to start their way toward CO2 neutrality. The appropriate solution will be chosen depending on company’s aims, financial requests and resourcefulness.
- Calculation of CO2 Company emissions (Green House Gas – GHG Protocol)
- Scope 1 – emissions created by the company itself
- Scope 2 – emissions created by the energy suppliers
- Scope 3 – emissions created by the suppliers of products / services and emissions created buy the transportation and the use of the finished product
- Calculation of CO2 Product emissions (Product Life Cycle – LCA)
- Scope 1, Scope 2, Scope 3 calculations of the product life cycle on CO2 emissions
- Certification in cooperation with BM Certification Ltd
- GHG Protocol – audit on the data in accordance with the selected method and the results
- EPD – Environment product declaration
- Initiatives in achieving positive change toward CO2 neutrality
Circular economy
It’s important to be aware of how sustainable your product is. Stakeholders are increasingly requesting more detailed explanation on the production of the parts and ingredients of your product and its life cycle. We will help you understand key elements which will help you move toward circular economy model in your business.
Taxonomy Reporting
The preparation of a Taxonomy report involves a detailed analysis of a company’s economic activities in line with the EU Taxonomy Regulation. Its purpose is to assess and classify assets, operations, and investments according to the European Union’s sustainable finance framework – the six climate and environmental objectives:
- Climate change mitigation
- Climate change adaptation
- Sustainable use and protection of water and marine resources
- Transition to a circular economy
- Pollution prevention and control
- Protection and restoration of biodiversity and ecosystems
The report helps companies provide information to various stakeholders, including the financial sector. It improves data transparency regarding investments in sustainable solutions and green innovations. The preparation process includes methodologies, data analysis, and compliance checks to ensure the accuracy of reported information. The result is a complete and transparent document that complies with the EU Taxonomy Regulation as well as with the sustainability disclosure requirements (ESRS standards).
We also develop company investment evaluation policies and processes in line with Taxonomy principles.
Preparing Companies for Green Bond Issuance – the Taxonomy Framework
We prepare companies in accordance with the European Green Bond Standard, ensuring the preparation of the Taxonomy Report, Investment Impact Assessment Report, and Results Report in line with the requirements of the standard.
Preparation of a Climate Transition Plan
The preparation of a Climate Transition Plan involves strategic planning for a company or organization to balance economic growth with sustainable resource use and emissions reduction. The process begins with a situation analysis, assessing Scope 1, 2, and 3 emissions (where available), and may also include information from the Taxonomy report. It sets targets and defines specific action plans to achieve them. The plan covers technological, investment, regulatory, and organizational measures, as well as implementation timelines and monitoring mechanisms. It helps companies align operations with European and global climate goals, improving sustainability and long-term competitiveness.