Governance
Management Principles
The goal of Enefit Green's Supervisory Board and Management Board is to develop and lead the company to serve as a benchmark for other enterprises in terms of strategic clarity, good governance practices, efficiency, financial performance, and collaboration.
As a publicly listed company on the NASDAQ Tallinn Stock Exchange, we adhere to the highest standards of corporate governance. In addition to the Commercial Code, we follow the Good Corporate Governance Code approved by the Financial Supervisory Authority and the rules applicable to listed companies. Our management principles are rooted in the company’s strategy, core values, and shareholder expectations.
We aim to maintain transparency in our operations, information disclosure, and relationships with shareholders, customers, partners, and stakeholders. We present and explain our financial results quarterly, publishing reports and related presentation materials on our website. To enhance transparency, we also publish and comment on key production metrics on a monthly basis.

Code of Ethics
We adhere to the Code of Ethics of Enefit Green, which establishes, among other principles, that our organizational culture is free from discrimination, harassment, humiliation, and other inappropriate behavior. All employees are treated fairly and equally, regardless of nationality, age, race, gender, language, origin, skin color, religion, disability, sexual orientation, or political or other beliefs.
All Enefit Green employees have completed ethics training. In 2023, we conducted additional training across all home markets, focusing on the prevention of corruption and tailored to the specific legal contexts of each market.
The Enefit Green Code of Ethics for Partners outlines the ethical standards for partners, which we also apply. Among other aspects, the code specifies minimum requirements for fraud and corruption prevention, as well as adherence to employee rights and human rights.

Unethical behavior can be reported
Enefit Green's governing bodies include the General Meeting, Supervisory Board, Management Board, and Audit Committee.
- The General Meeting is the highest governing body of Enefit Green. The Annual General Meeting takes place once a year within six months after the end of the financial year, at a time and place determined by the Management Board.
- The Supervisory Board appoints the Management Board and oversees its activities.
- The Audit Committee advises the Supervisory Board on oversight matters.

Enefit Green


Juhan Aguraiuja
Chairman of the Management Board

Innar Kaasik
Member of the Management Board, Chief Operating Officer

Argo Rannamets
Member of the Management Board, Chief Financial Officer