Reduce resource consumption

Nordic Plast sustainability strategy, fueled by the principle of finding value in everything, integrates environmental, social responsibility, and corporate governance into all stages of the value chain.

Sustainability

LLC “Nordic Plast” being part of Eco Baltia group perceives its sustainability strategy as the combination of the environmental, social and governance factors of business. We understand that challenges connected with the climate change, pollution control, and responsible resource management are urgent and deserve full attention. Above all we have determined the protection of environment through responsible business operations in order to reach our 2030 targets towards positive impact on Climate change. In the social area, we have determined the health and safety and an empowerment of our people and value creation to our stakeholders as our priority. We have also prioritized the development of our company as a community and business player that drives economic prosperity ethically and innovatively.

Responsible business operations

Our business operations are focused on being environmentally friendly and fully contributing to the Circular Economy, minimizing resource consumption and reducing emissions to maximize our impact on positive climate change.

Short-term targets (2023-2024)

  • Set Science-Based Targets (SBTs)
  • Start calculating and set target for Scope3 GHG emissions
  • Establish a Latvian National Accreditation Bureau (LATAK) accredited material testing laboratory in cooperation

Medium-term targets (2025)

  • Reduction of CO2 emissions by >25% per unit produced compared to 2021
  • 100% electricity consumed form renewable energy plants.
  • Installation of own renewable energy plants
  • Maintain 100% recycled material use in production of final product

Long-term targets (2030-2050)

  • Reach Net-zero greenhouse
    gas emissions (GHG) across
    value chain
  • Towards Carbon Neutrality
    by :
    – continuously reducing our carbon footprint
    -improving operational eco-efficiency
    -procuring renewable and low carbon intensive energy
    – optimizing natural resource consumption