On 13 June 2019, the Parliamentary Secretary of the Ministry of Foreign Affairs, Zanda Kalniņa-Lukaševica, presented the Sustainability Index “Fair Trade Award” to SIA Latvijas Mobilais Telefons for building its business and relations with employees, suppliers and partners on the basis of respect, honesty and sustainability.
At the presentation ceremony, Zanda Kalniņa-Lukaševica commended the excellent performance of businesses in following the fair trade criteria; she noted that the operations of this year’s award holder in its interaction with clients, partners and the public was based on the principles of fairness and transparency as well as complying with the OECD guidelines for multinational companies.
The Parliamentary Secretary underlined that the recipient of this year’s award was one of the few who had publicised its basic principles of public procurement and maintained the ethical, environmental and social sustainability standards at all stages of the supply chain. The company also expects its suppliers and cooperation partners to recognise international standards in the field of human rights, working conditions, environment, and the fight against corruption. The company is aware of its role in the development of Latvia as a smart country.
The Fair Trade Award is an initiative of the Foreign Ministry set up to highlight companies observing the principles of corporate social responsibility developed by the Organisation for Economic Co-operation and Development (OECD) in their foreign trade or manufacturing. The award, established in 2015, is one of the activities jointly implemented by the Ministry of Foreign Affairs, the Institute for Corporate Sustainability and Responsibility and the Latvian Chamber of Commerce and Industry during the European Year for Development. Companies are evaluated according to criteria laid down by experts from the Institute for Corporate Sustainability and Responsibility in the framework of the Sustainability Index.
The Sustainability Index is a strategic management tool developed on the grounds of global methodology, in order to help Latvian businesses to assess the level of their sustainability and corporate responsibility. At the same time, it offers objective criteria to society, public authorities and non-governmental organisations for showcasing and supporting companies that contribute to the strengthening Latvia’s economy in the long term.
In 2015, the Fair Trade Award went to SIA SCHWENK, in 2016, to VAS Latvenergo, a state-owned joint stock company, in 2017, to SIA "RIMI Latvia”, and in 2018, to SEB Banka.
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