Latvijas Finieris Group
Latvijas Finieris Group, commonly known as Finieris, is a leading player in the wood-based products industry, headquartered in Latvia (LV). Established in 1997, the company has grown to become a significant force in the production of high-quality plywood and veneer, serving both local and international markets. With operations spanning across Europe and beyond, Latvijas Finieris Group is renowned for its innovative approach to sustainable forestry and wood processing. The company’s core offerings include a diverse range of plywood products, which are distinguished by their durability and eco-friendly manufacturing processes. Recognised for its commitment to quality and sustainability, Finieris has achieved notable milestones, positioning itself as a trusted supplier in the construction and furniture industries. Its dedication to excellence and environmental responsibility continues to drive its success in the competitive wood products market.
DitchCarbon Score
How does Latvijas Finieris Group's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Furniture Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Latvijas Finieris Group's score of 33 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Latvijas Finieris Group's reported carbon emissions
In 2023, Latvijas Finieris Group reported total carbon emissions of approximately 155,119,000 kg CO2e. This figure includes 21,163,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 13,777,000 kg CO2e from Scope 2 emissions, related to the generation of purchased electricity. The majority of their emissions, about 83,415,000 kg CO2e, fall under Scope 3, which encompasses indirect emissions from the value chain, including upstream leased assets and purchased goods and services. In 2022, the company recorded total emissions of around 124,028,000 kg CO2e, with Scope 1 emissions at 21,421,000 kg CO2e, Scope 2 at 13,011,000 kg CO2e, and Scope 3 emissions reaching approximately 71,605,000 kg CO2e. This indicates a significant increase in total emissions from 2022 to 2023. Despite the lack of specific reduction targets or climate pledges, Latvijas Finieris Group is actively disclosing its emissions data across all three scopes, demonstrating a commitment to transparency in its climate impact. The company continues to engage in sustainability practices, although further details on specific initiatives or targets are not provided.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 21,421,000 | 00,000,000 |
| Scope 2 | 13,011,000 | 00,000,000 |
| Scope 3 | 71,605,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Latvijas Finieris Group is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
