EPSO-G Releases 2023 Sustainability Report with KPI Updates

EPSO-G Unveils the 2023 Sustainability Performance Report

EPSO-G, a prominent group of companies committed to sustainable practices, has published its latest Sustainability Performance Report for the year 2023. This report includes an Independent Limited Assurance Report provided by a well-known auditing firm, ensuring stakeholders of its reliability.

Correction of Key Performance Indicators

The announcement serves as a correction regarding the baseline for KPI1 outlined in the Bond Prospectus. The earlier stated carbon dioxide equivalent (CO2e) value has been revised. Instead of the previously mentioned 106,959 tCO2e, the corrected value stands at 143,778 tCO2e, which reflects EPSO-G's commitment to transparency and accuracy in reporting.

Details of the Updated Performance Report

The updated Performance Report provides an elaborate breakdown of emissions data. It is crucial for understanding the environmental impact of operations carried on by EPSO-G and its subsidiaries, bolstering their strategy for reducing greenhouse gas emissions by 30% by 2026.

Independent Limited Assurance by Experts

The collaboration with PricewaterhouseCoopers for the limited assurance adds credibility to the report. This independent evaluation highlights the significance of EPSO-G's initiatives toward sustainability and the methods used for calculating emissions.

Breakdown of Key Metrics

According to the revised calculations in the sustainability report, the Key Performance Indicator (KPI1) signifies substantial figures:

Scope 1 and 2 GHG emissions (tCO2e) - market-based method:
- Baseline value (as of December 31, 2019): 292,336 tCO2e
- Recalculated value: 205,397 tCO2e
- Initially stated value: 106,959 tCO2e
- Adjusted value: 143,778 tCO2e

Company Overview and Structure

EPSO-G operates as a holding company with several direct subsidiaries, including Amber Grid, Baltpool, Energy Cells, Litgrid, and Tetas. This expansive network of companies plays a crucial role in shaping the energy landscape and enhancing Lithuania's energy sustainability efforts.

The group's operations are overseen by the Ministry of Energy of the Republic of Lithuania, which ensures adherence to national energy policies and environmental sustainability frameworks.

Access to the Full Report

For those interested in a more in-depth view of EPSO-G's sustainability efforts, the complete audited Sustainability Performance Report for 2023 is available for access. This document provides essential insights into the company's performance metrics and environmental commitments.

Should you require further details or have questions about the report, feel free to reach out to:

Tomas Bašarovas
Communication Partner of EPSO-G
Tel: +370 610 63306
Email: tomas.basarovas@epsog.lt

Frequently Asked Questions

What is the primary focus of EPSO-G's 2023 Sustainability Report?

The report emphasizes the adjustments made to performance indicators and outlines EPSO-G's goals for reducing its greenhouse gas emissions.

Who conducted the independent assurance for the report?

PricewaterhouseCoopers conducted the independent limited assurance to validate the report’s accuracy and compliance.

What significant revision was made regarding KPI1?

KPI1's CO2e value was corrected from 106,959 to 143,778 tCO2e, ensuring accuracy in sustainability reporting.

What companies are included in the EPSO-G Group?

The group consists of various subsidiaries including Amber Grid, Baltpool, Energy Cells, Litgrid, and Tetas.

How can I access the full Sustainability Performance Report?

The complete report can be accessed through EPSO-G’s official channels, providing a comprehensive view of their sustainability efforts.

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