“ESG in Action” Contest for best Sustainability Reports in Baltics

It aims at identifying and rewarding excellence in sustainability reporting in the Baltics and promoting transparency, comparability, completeness, and clarity within non-financial information disclosures.

Categories

• Company reports can be awarded in the following categories:
  • Award for the best sustainability/ESG report for small, medium and large organizations
    • Small companies – (including micro companies) have annual turnover of up to 10 million EUR, average balance sheets of up to 5 million EUR, and fewer than 50 employees.
    • Medium companies – average net turnover of more than 10 million and up to 50 million EUR, average balance sheets up to 25 million EUR, fewer than 250 employees.
    • Large companies – exceeding 2 out of 3 criteria – average net turnover of at least 50 million EUR, average balance sheets of at least 25 million EUR, at least 250 employees.
  • Rising Star Award for the 1st time reporting effort.
    • ESG in Action constitutes an excellent opportunity to present your sustainable practice and ways of consciously and actively managing a company’s economic, social, and environmental impacts. Sustainability has been an integral part of many entity’s operations for a long time. Coupled closely with a company’s strategy, it brings success and an improved financial position to the company in the long run. ESG in Action aims to encourage, recognize, and promote companies that started their journey with sustainability reporting and inspiring others to follow.

Why it is worth participating in the contest?

• Increase the company’s recognition and brand awareness in the sustainability field.
• Have a unique chance to receive unbiased feedback about the submitted report.
• Receive individualized suggestions and recommendations that will positively impact your future ESG reporting.
• Reports submitted for the contest and the jury feedback on the reports will not be additionally published or made available to the public at large.

Eligibility Criteria

• Applications may be submitted by all enterprises and non-business organizations, e.g., nongovernmental organizations, public finance sector units, universities, and local governments based in Lithuania, Latvia, and Estonia.
• Reports on social responsibility/sustainable development, integrated reports, and statements on non-financial information – all publications that describe the impact of the organization on the environment in ESG (environmental, social, and business) aspects – can be submitted to ESG in Action contest.
• Only reports issued in English or local languages (Lithuanian, Latvian, and Estonian) which include the report for financial year 2023 (as defined by the organization) and concern activities carried out in respective countries may be evaluated in the competition.
• Only sustainability/annual reports from companies operating in the Baltic countries can be submitted for the application, therefore, global parent company’s reports will not be accepted.

For more information, visit Deloitte.