Latvenergo, a prominent player in the insurance and pension funding services sector, is headquartered in Latvia (LV) and operates extensively across the Baltic region. Founded in 2001, the company has established itself as a leader in providing innovative financial solutions tailored to meet the diverse needs of its clients.
Specialising in non-compulsory social security services, Latvenergo offers a range of products, including life insurance and pension plans, designed to ensure financial security for individuals and businesses alike. Its commitment to customer-centric service and robust financial management distinguishes it in a competitive market.
With a strong market position, Latvenergo has achieved significant milestones, including recognition for its sustainable practices and contributions to the local economy. The company continues to evolve, adapting to the changing landscape of the insurance industry while maintaining its focus on quality and reliability.
+7 vs industry average
Latvenergo’s score of 44 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Latvenergo's reported carbon emissions
Latvenergo, an energy company headquartered in Latvia (LV), reported a total of approximately 8
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Latvenergo’s Climate Goals (2030 & 2050)
5 goals2030
47% reduction in Scope 1
in the medium term, the Group plans to reduce its direct GHG emissions by 47% (compared to 2021) by 2030 while increasing the share of RES i…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Latvenergo
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