In order to download the summary with the results of the study -
scroll down and insert your e-mail address

Environmental and social sustainability, and responsible business conduct have gained relevance among Estonian, Latvian, and Lithuanian companies during recent years. There is a pressure from regulators, supply chain and consumers. 

Transparency around these issues has become increasingly crucial. And useful. Your cooperation partners, decision makers, and wider society wants to see you plan and progress towards sustainable future. 

Growing amount of information puts even higher role to credible and attractive disclosure of such information. 

But what is the situation among companies operating in Estonia, Latvia, and Lithuania when it comes to public reporting on ESG and sustainability matters? How is the Baltics doing compared to neighboring regions?

We want to know what`s the level of the Baltics:

We analyze how transparent the companies with major societal impact are -
how comprehensively they report on environmental and social impact, and responsible business conduct (ESG), sustainable development matters, and wider role in the society.

Each year we analyze the annual reports of the 100 companies with the largest impact on the society. We have done so in Estonia and Latvia (100 companies in each), and will do the same in Lithuania too (to be published).

We evaluate the quality of the reporting, and the amount of ESG and sustainability
topics covered. 

Few reports have 3rd party assurance on sustainability disclosures
Results of the Estonian and Latvian companies are similar:
  • Around 1/5 of the largest companies report systematically and comprehensively
  • Listed and state-owned companies are ahead, locally owned large firms lag behind
  • Around 1/3 of the disclosed topics is provided with data disclosures
  • Less than 10% refer to UN Sustainable Development Goals
  • Every 10th report is prepared according to any recognized standard
  • + many more 

Download the summary with the results of the studies:
In order to get an access to the full summary of the results of the study (PDF), please insert your e-mail address. Don`t worry, we keep the data protected and will not spam you.

ESTONIA (2019 REPORTS), in Estonian

Email again:

LATVIA (2019-2020 REPORTS), in English
Email again:

Request for individual diagnostics and results of your company:

If you want to get an overview of the detailed results of your company, benchmark with others, and suggestions for improving your report - click here

NB! Such individual diagnostics is available also for these companies that were not included in the sample - we will do a separate analysis for you.


Marko Siller, marko(at), +372 5621 2898

Feel free to invite us to introduce the results, trends and suggestions for good reporting practice.