The largest environmental resource management and recycling group in the Baltics, Eco Baltia, has published its first non-financial report on the implementation of environmental, social responsibility, and corporate governance (ESG) principles. The report has been prepared in accordance with the European Union’s Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS).
The report has been developed to highlight Eco Baltia’s achievements and initiatives in the fields of sustainability, social responsibility, and corporate governance, presenting them to clients, employees, investors, shareholders, and the wider public.
Key results in 2024
In 2024, Eco Baltia processed more than 250,000 tonnes of materials across its 30 facilities in Latvia, Lithuania, Poland, and the Czech Republic, making a significant contribution to the development of the circular economy and reducing the use of natural resources. The company further expanded its waste sorting infrastructure by investing €11.7 million in the Resource Management Centre in Latvia and €18 million in the reconstruction of the sorting centre in Vilnius, Lithuania, while also ensuring high environmental and fire safety standards in these facilities.
A particularly important step was the €39+ million investment in the PET recycling plant ITERUM, of which around €14 million was invested by the company itself. ITERUM is one of the largest facilities of its kind in Northern Europe, significantly expanding opportunities for reusing recycled PET materials in international markets.
At the same time, Eco Baltia advanced other sustainability initiatives. By 2024, 18.5% of all waste collection in the Baltics was carried out using low-emission vehicles, with the share in Latvia reaching as high as 63%. In addition, under the EU LIFE project, a polymer material testing laboratory was established at the Nordic Plast facility, supporting and promoting the use of recyclable materials in packaging.
Altogether, through these initiatives and solutions, Eco Baltia prevents around six times more CO₂ emissions than it generates, reinforcing its role as one of the leaders in circular economy and sustainable solutions in the Baltics and across Europe.
Māris Simanovičs, Chairman of the Board of Eco Baltia:
“Sustainable development is not just an obligation – it is the foundation of our competitiveness and growth. Our goal is to stay one step ahead – not only by meeting regulatory requirements but also by creating new solutions in circular economy and sustainable corporate governance. This ESG report is proof that we can successfully combine business growth with responsibility towards society and the environment.”
The full ESG report is available in the attachment.
About Eco Baltia JSC
Eco Baltia is the largest environmental resource management and recycling group in the Baltics, ensuring a full waste management cycle - from waste collection and sorting to secondary raw material logistics, wholesale, and the recycling of secondary materials, including PET and PE/PP plastics, as well as PET fiber production.
The Eco Baltic group ended 2024 with its largest ever audited consolidated turnover of 261.54 million euros, an increase of 20% compared to 2023.
The group’s companies in Latvia, Lithuania, Poland and Czech Republic have more than 2,600 employees. The largest of the companies the group owns are Eco Baltia vide, Latvijas Zaļais punkts, Nordic Plast, Oil Recovery, and ITERUM in Latvia, Metal-Plast in Poland, TESIL Fibres in Czech Republic, and Ecoservice in Lithuania.
The shareholders of Eco Baltia are the INVL Baltic Sea Growth Fund (52.81% through UAB BSGF Salvus), the European Bank for the Reconstruction and Development (30.51%) and Māris Simanovičs (15.93% through SIA Enrial Holdings and 0.75% through Penvi Investment Ltd).