Latvijas Finieris Group Sustainability Profile
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 34 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Latvijas Finieris Group's reported carbon emissions
In 2024, Latvijas Finieris Group reported total carbon emissions of approximately 188,206,400 kg CO2e. This figure includes Scope 1 emissions of about 23,445,700 kg CO2e, Scope 2 emissions of around 14,542,400 kg CO2e, and significant Scope 3 emissions totalling approximately 135,675,900 kg CO2e. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (about 80,764,500 kg CO2e) and downstream transportation and distribution (approximately 40,285,700 kg CO2e). In 2023, the group's total emissions were approximately 1,564,552,000 kg CO2e, with Scope 1 emissions at about 21,116,000 kg CO2e, Scope 2 emissions around 13,777,400 kg CO2e, and Scope 3 emissions totalling approximately 121,514,600 kg CO2e. The previous year, 2022, saw total emissions of about 106,037,000 kg CO2e, with Scope 1 at approximately 21,421,000 kg CO2e, Scope 2 at around 13,011,000 kg CO2e, and Scope 3 emissions of about 71,605,000 kg CO2e. Despite these figures, Latvijas Finieris Group has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company operates independently without cascading emissions data from a parent organisation. Overall, while the emissions data reflects a significant carbon footprint, the lack of defined climate commitments suggests an opportunity for the group to enhance its sustainability strategy in alignment with industry standards.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 21,421,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 13,011,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 71,605,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Latvijas Finieris Group's Industry?
How Carbon Intensive is Latvijas Finieris Group's Location?
Latvijas Finieris Group's Scope 3 Categories Breakdown
Latvijas Finieris Group's Scope 3 emissions, which increased by 12% last year and increased by approximately 89% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 78% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 60% of Scope 3 emissions.
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Latvijas Finieris Group's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Latvijas Finieris Group has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
