Sustainability

We are moving towards a sustainable future

We are committed to sustainable operations and reducing our environmental footprint

We understand that even renewable energy production has an impact on the environment, and we strive, in collaboration with our partners, to ensure the sustainability and social responsibility of our activities. We operate transparently and regularly report on our progress on the path toward greater sustainability.

We are leaders in the transition to a future based on clean renewable energy and are working to make the world a better place for future generations.

Building a greener future in balance with the environment

We are committed to developing and operating renewable energy sources, particularly wind and solar.

Focus on wind and solar

Our company aims to increase its energy production capacity by investing in new wind and solar energy projects. By the end of 2025, ongoing projects will expand our electricity generation capacity by 2.7 times compared to 2021. We focus on minimizing environmental and community impacts through careful planning, ensuring better integration with the surrounding environment. Additionally, we strive to maximize resource use and combine different technologies in new renewable power plants to complement our existing operations.

Efficient cogeneration

In 2023, we exited the biomass business by divesting biomass cogeneration plants and a pellet factory, allowing us to focus on wind and solar energy.

While energy recovery from mixed municipal waste is not considered fully sustainable, we believe the method used at Iru power plant is a more eco-friendly alternative to landfilling. We are committed to recycling and separating metals from incineration ash, which our partners also recycle. We adhere to strict environmental standards, measuring and reducing emissions, with results published in our Sustainability and Environmental Reports.

Overall energy efficiency

We are committed to using green energy in our operations wherever possible. We aim to reduce overall energy consumption and improve energy efficiency across our business. We will continue investing in advanced technologies and the best available techniques to reduce our ecological footprint and operate more sustainably.

Accelerating the green transition together with people and communities

We believe that the transition to a clean renewable energy future can only be achieved with dedicated and professional staff and in partnership with local communities. On the journey to a more sustainable future, everyone matters and every action counts. That is why our current and future employees and communities are key to our success.

An employee-centric culture

Support is provided for the development of new skills, creation of internal mobility opportunities, and promotion of diversity and gender balance. A commitment is made to fostering a healthy, safe, and inclusive workplace while improving the sustainability of working life. Investments are made in employee development, regular engagement surveys are conducted, and value-based management with a focus on coaching is used to guide the team through change and development. The lack of diversity in the energy sector is recognized, and efforts are underway to address this issue.

Attracting future talent

The development of renewable energy creates a growing need for talented individuals with new skills and competencies to drive innovation. Collaboration with higher education and vocational institutions helps identify future talent and improve study programs. Students are invited to production units and open days to explore our processes. Scholarships are also granted to young people studying renewable energy-related subjects.

Cooperation with local communities and partners

We contribute to the development of the energy sector by participating in various professional associations. Investments are made in the regions where we operate or plan to develop renewable energy. Our initiatives are tailored to meet the needs of local communities, including the creation and funding of community support funds. To address community concerns, joint working groups are established during the project development phase, allowing for regular discussions on issues raised during the planning process.

Building a better future through trust and transparency

Good corporate governance forms the foundation for building trust with Enefit Green’s stakeholders. As a publicly listed company on the Nasdaq Tallinn Stock Exchange, Enefit Green is dedicated to adhering to the highest governance standards. Beyond the requirements of the Estonian Commercial Code, the company also follows the Corporate Governance Recommendations set by the Estonian Financial Supervision and Resolution Authority, along with the regulations established for listed companies.

Compliance and anti-corruption

We are committed to adhering to all relevant laws and regulations, with zero tolerance for corruption, bribery, and other unethical business practices. Our Code of Ethics outlines our standard of conduct in detail.

Independence of the supervisory board and the audit committee

We protect the interests of non-controlling shareholders by ensuring independent representation on the supervisory board and audit committee. The management board handles daily operations, while the supervisory board oversees strategy. The audit committee ensures related-party transactions are on market terms, with independent members holding the majority of votes and the chair elected from them.

Labour and human rights

Commitment to strengthening labor and human rights includes promoting safe working conditions, employee well-being, and personal development. All individuals are treated with respect, and discrimination, harassment, abuse, or any inappropriate behavior is not tolerated.

Sustainable supply chain

In addition to promoting sustainable and ethical practices in our own operations, we expect our partners to comply with all laws and regulations and adhere to our Code of Ethics for Partners. This Code outlines requirements regarding labor and human rights, ethical business conduct, employee health and safety, and responsible environmental policies.

We contribute to the overall development of the energy sector through professional associations

Enefit Green is a member of the following organisations:

Estonian Wind Power Association
Paldiski Association of Entrepreneurs
Estonian Power and Heat Association
Latvian Wind Energy Association
Lithuanian Wind Power Association
Estonian Circular Economy Industries Association