Responsibility

We believe that long-term success requires a sustainable strategy and that we can deliver better returns to our investors by making responsible investments.
Livonia Partners is a signatory to the United Nations Principles for Responsible Investment and is committed to its key principles
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Livonia Partners - Impact Investing Focus

We are committed to investing a significant share of capital into businesses having a meaningful positive impact on climate change and environment at large, society well-being and health, sustainable, fair and socially responsible communities.

We provide vision, guidance, capital and other resources to help our portfolio companies implement specific initiatiaves with positive environmental impact.

Livonia Partners - Impact Investing Focus

We are committed to investing a significant share of capital into businesses having a meaningful positive impact on climate change and environment at large, society well-being and health, sustainable, fair and socially responsible communities.

  • Freor develops and manufactures commercial refrigeration equipment with a particular focus on environmental sustainability.
  • Freor’s products help retailers reduce their harm to environment by using the natural refrigerant propane R290 for self-contained display refrigerators and freezers of Green Wave R290 product line.
  • Freor products help retailers improve energy usage through a unique energy-efficient Hydroloop glycol cooling system.
  • Freor is currently investing €11 m into construction of a new manufacturing facility employing advanced energy efficiency systems.
  • The company aims at high quality standards and has obtained ISO 9001 (quality management), 14001 (environmental management), and 50001 (energy management) certificates.
  • Thermory naturally modifies responsibly-harvested wood, preserving its beauty and enhancing its durability. This makes Thermory products ecologically superior to most alternatives - tropical hardwood, plastic composite materials or toxically treated products.
  • Thermory uses raw materials only from sustainably managed forests in North America and Europe. The company frequently tests the products for environmental forestry practices (Swan Label, PEFC).
  • Since 2018, Thermory has invested €4.6 million into specifically environmentally conscious initiatives, such as new energy efficient machinery and technology. The company was also awarded a grant of €1.5 million by the Estonian Centre for Environmental Investments.
  • Klaasimeister focuses on producing energy efficient insulated glass units, contributing to higher building standards and more energy efficient buildings.
  • The company operates state-of-the-art machinery and is one of the most reliable, efficient and technologically advanced glass processing companies in Northern Europe.
  • In 2018, Klaasimeister invested over €1.7 million into a new more energy efficient tempering oven and received a grant of €0.5 million from the Estonian Centre for Environmental Investments.
  • Klaasimeister operates its own water treatment, circulation and purification plant to optimise water usage and re-use the industrial water.
  • Fenestra uses natural wood to manufacture high quality energy conserving windows and balcony doors.
  • Over the years, the company has made significant investments into increasing production efficiency and taken other measures to become more environmentally conscious.
  • Its Finnish production unit recently switched to using more environmentally friendly water based paint and utilising production waste for heating the premises.
  • Fenestra has obtained ISO 9001:2015 and VTT certificate for high heatproof standards and sound insulation.

Livonia Partners ESG Policy

Livonia Partners Environmental, Social & Governance Annual Report 2019

Livonia Partners is an active member of Latvian, Lithuanian and Estonian Private Equity and Venture Capital Associations.