On 20 November 2025, Latvenergo AS received the Standard & Poor's Global Corporate Sustainability Assessment (CSA), scoring 54 points, which places Latvenergo AS among the top 30% of highest-rated companies in the Electric Utilities sector on an international scale. In total, 246 companies in this sector were assessed. S&P Global recognized Latvenergo AS initiatives across all ESG (environmental, social, governance) dimensions, including climate strategy, human capital management, transparency and sustainability disclosure, risk management, and business ethics.

To obtain an ESG maturity assessment and recommendations for further improvement, Latvenergo AS conducted an independent and reputable S&P Global Corporate Sustainability Assessment, which, among other aspects, analysed the company’s impact on society and environment and its exposure to sustainability risks. This is one of the leading global sustainability benchmarks that evaluates company performance across all ESG aspects.

"ESG assessment is an important benchmark for us. We see this evaluation as a foundation for further development and implementation of long-term sustainability targets," said Guntars Baļčūns, Chief Financial Officer and Member of the Management Board of Latvenergo AS.

Positive ESG results have also been reflected in investor interest. In November 2025, when issuing Latvenergo first EUR 400 million European green bonds, more than half were purchased by sustainability-oriented investor portfolios, confirming market confidence in the company’s development direction and sustainability priorities.

"The choice of sustainable investors to support our bond issuance is a clear signal – the market values our efforts and strategy. We will continue implementing sustainability initiatives and improving governance processes to enhance ESG results in future assessments," emphasized Guntars Baļčūns.

ESG ratings play a crucial role in global capital markets, as investors, borrowers, and issuers increasingly use ESG ratings to make informed decisions regarding sustainable investments and financing. ESG ratings provide an opportunity to compare performance with the best peers in the energy sector.

Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 29 453 897
E-mail: investor.relations@latvenergo.lv

www.latvenergo.lv

About Latvenergo

Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade and electricity distribution services. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody's has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.

Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and subsidiaries - Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas, development of solar and wind parks in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas, development of solar and wind parks in Lithuania), Elektrum Next LT UAB (development of solar and wind parks), Elektrum Next SIA (development of solar and wind parks), Laflora Energy SIA (development of wind park), DSE Aizpute Solar SIA (development of solar park), Latvijas vēja parki SIA (development of wind parks), Telšiu vejo parkas, UAB (development of wind park in Lithiania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.