ESG - the term stands for Environmental, Social, Governance. ESG refers to an approach that defines an appropriate model of organizational behaviour. Organizations that commit to this concept promise to focus on:
PRESERVATION OF THE ENVIRONMENT - thinking of greenhouse gas emissions, biodiversity, environmental pollution, conservation of natural resources, carbon dioxide emissions, renewable energy,
SOCIAL RESPONSIBILITY - thinking about employment habits, human rights, health and safety, the protection of different social groups,
GOOD GOVERNANCE - thinking about effective management, a perfect reputation, tackling corruption risks.
Baltic International Bank is focused on sustainable development at all levels of the Bank's activity, based on the ESG approach. More information about Bank's ESG approach is available here.
Valeri Belokon, Chairperson of the Supervisory Board, the Bank’s shareholder
Key word of the 2018 ESG Report of the Baltic International Bank is “change”. This expressive word includes many various processes. You can find it in almost every page of the Report, apparently, characterising our Bank in 2018 the most. True, also this word described our operations the year before and in 2016 when we adopted the new Bank’s development strategy and commenced restructuration processes. Many new colleagues joined our team and they share their vision about the Bank’s development in this report.
Viktors Bolbats, Chairman of the Management Board
2018 has been a year of new pace, new energy for the Bank. Afterwards the founders of the Bank developed concept regarding important structural changes and new business strategy marking the end of the planning period (2016), implementation of the changes begun (2017).
Environmental Impact
Together with its customers, Baltic International Bank is implementing investment projects related to the promotion of the energy efficiency, investment projects connected with the renewable energy production and development.
Social responsibility
Our activity is based on the principles of social responsibility – the Bank actively initiates and participates in socially important events.
Corporate Governance
Care for the environment in which we live and socially responsible investment are becoming more common and voluminous.
Dace Helmane, Head of the Institute for Corporate Sustainability and Responsibility
Andris Grafs, Director, Vice President Latvia, Baltic Institute of Corporate Governance
Anda Saukāne, Member of the Management Board
Bogdan Andrushchenko, Member of the Management Board, Risk Director
Natalija Boļšakova, Head of Compliance
Viktors Bolbats, Chairman of the Management Board
Ilona Gulchak, Deputy Chairperson of the Supervisory Board
Konstantins Goluzins, Head of Asset Management
Oto Davidovs, Head of Corporate Finance
Ambitious reconstruction project in the heart of Old Riga
Jekaterina Kuzņecov, Head of Strategic Planning
Olga Meļņičenko, Environmental expert in Sustainability index and Consultant at SIA Estonian, Latvian and Lithuanian Environment