Sustainability

Dear colleagues, RMP clients, and partners!

Corporate sustainability is not a passive activity. It involves active engagement and conducting business in a manner that ensures responsible management of financial resources, the environment, and the social sphere. This approach reduces risks, uncovers new opportunities, and creates long-term value for all stakeholders.

Sustainability issues and priority areas may evolve over time, but our commitment to the principles of sustainability remains steadfast. For RMP, responsible business practices have always been an integral part of our corporate culture and hold a solid place within our system of values.

To enhance transparency for stakeholders, this section highlights specific examples of how we integrate sustainability principles into our business operations.

Lena Kozmenkova
Chairman of the Board

RELEVANCE & OBJECTIVE

In a rapidly evolving landscape of environmental consciousness and regulatory shifts, the relevance of sustainability cannot be overstated. As the Latvian government aligns with European regulations and Sustainable Development Goals, our commitment to sustainability is not merely a choice but an imperative. With over 30 years of experience in supplying equipment and technologies for biofuel production and industrial waste processing, RMP recognises the urgent need to embrace sustainable practices.

The European Union's climate policies and obligations drive our region towards a greener future. Despite commendable strides in renewable energy, Latvian per capita emissions continue to rise, emphasising the necessity for concerted efforts towards sustainability, as highlighted by reviews from the EU Environmental Implementation Review and the OECD (Organization for Economic Cooperation and Development) Environmental Performance Review .

The Latvian National Development Plan (2021-2027) articulates strategic objectives aimed at fostering equal opportunity, productivity, income, social trust, and regional development. Our company aligns with priorities focusing on business competitiveness, material well-being, and a quality living environment. Embracing the EU Green Deal's principles, we aspire to achieve climate sustainability, resource efficiency, and balanced regional development.

The introduction of European Sustainability Reporting Standards (ESRS) signifies a pivotal shift towards a sustainable economy. While non-listed SMEs are not yet obligated to report sustainability, voluntary reporting serves as a proactive step towards future compliance. Moreover, it serves as a testament to our commitment to improving sustainability practices and meeting the expectations of investors, partners, stakeholders, and clients.

RMP_sustainability.pdf

PAST PRACTICES

Practical steps in the field of resource conservation enable our company to use natural resources efficiently and responsibly:

• Creating comfortable and eco-friendly workspaces with modern furniture;
• Using energy-efficient lighting and equipment to reduce energy consumption;
• Zoning office space with live plants to create a pleasant atmosphere;
• Ensuring the safe disposal of used equipment;
• Implementing waste separation and promoting recycling;
• Encouraging eco-friendly transportation and conducting video conferences to reduce the carbon footprint.

FUTURE COMMITMENT

Although we have taken steps in the past to improve sustainability, we understand that achieving the desired impact requires a systemic approach aligned with our company values.

Therefore, we are committed to enhancing our sustainability practices across all areas of our business. Specifically, we will focus on the following goals:

• Eliminating printed materials. In the near future, we plan to completely phase out printing to reduce paper consumption, ultimately transitioning fully to electronic document management;
• Organizing environmental initiatives for employees and corporate events with a focus on sustainable development and environmental stewardship;
• Conducting annual sustainability meetings to review and discuss our progress;
• Responsible selection of suppliers and partners. We will cooperate with organizations that share our values in sustainable development and environmental responsibility.