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.
