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9 June 2014

Sustainability Index award

In June, within the framework of the „Sustainability Index” project, the enterprises, which confirmed that their activity is being implemented in accordance with the principles of social responsibility and continuity, were awarded. The JSC Severstаllat received one of the awards. 

JSC Severstallat received an award in the „Silver Category”. This award proves that the company implements goal-oriented activities aimed at increasing effectiveness of managerial processes, risk and capability identification, as well as involvement of the target audience. The company has the integrated data showing a progress during the last years in such fields as business strategy, working environment, market relationships, environmental impact, and influence on society. 

By using the internationally recognized methodology, „Sustainability Index” allows to evaluate the activity of enterprises in five spheres – business strategy, working environment, market relationships, environmental impact, and influence on society. The driving forces of the „Sustainability Index” are social partners on the national level – the Latvian Employers’ Confederation (LDDK) and the Free Trade Union Confederation of Latvia (LBAS). Index methodology and project management are provided by the Institute for Corporate Sustainability and Responsibility. 

„Sustainability Index” brings the enterprises an opportunity to use strategic management tools of evaluating their activity and receive expert advice for future development. The society, state and non-governmental organizations, in their turn, receive reliable information about the activity of enterprises and contribution into the long-term development of the Latvian economy.