Livonia Partners is proud to release our sixth annual Sustainability Report, covering a year of rapid change for ESG across Europe and the Baltics.
In 2024, ESG moved beyond compliance. It became part of national debates on energy, agriculture, and security — with growing focus on resilience and long-term competitiveness. For Livonia, this reinforced a clear belief: ESG is a strategic tool for building stronger, future-ready businesses.
Throughout the year, we continued strengthening ESG integration across our portfolio. We made three new investments — Wildix, Digmatix, and Telema — supporting digitalisation and resource efficiency. We also exited two companies: Stebby, which advanced on governance and diversity; and Freor, which cut product-level emissions intensity by 43% and transitioned to natural refrigerants.
We joined the ESG Data Convergence Initiative, reaffirming our commitment to transparent, comparable reporting in private equity. Locally, we partnered with Estonian and Lithuanian VC associations — co-hosting the first Level 20 event in the Baltics and preparing an SBTi training for regional GPs.
Our ESG efforts were recognised on a European level. Livonia was named ESG Champion of the Year at the Real Deals Private Equity Awards — shortlisted alongside respected peers including Accent Equity, Resource Partners, and KYIP Capital, and ultimately selected as the winner. This recognition reflects our sustained commitment to measurable ESG progress across the portfolio.
We also received regional recognition: Private Equity Dealmaker of the Year at the LT VCA Awards in Vilnius, Investment of the Year in Latvia for our backing of Digmatix, and Exit of the Year for our sale of Stebby.
This report is more than a summary of ESG actions. It reflects how our companies are responding to a shifting world — and how we are evolving alongside them. We’ve included expanded insights on climate, helping us better understand our footprint and the role we can play in the transition.
Our goal remains the same: to back strong businesses that help build a more sustainable and resilient Baltic region.