{"id":725,"date":"2024-05-28T11:17:09","date_gmt":"2024-05-28T11:17:09","guid":{"rendered":"https:\/\/iterum.lv\/?page_id=725"},"modified":"2026-03-06T10:56:50","modified_gmt":"2026-03-06T10:56:50","slug":"corporate-governance","status":"publish","type":"page","link":"https:\/\/iterum.lv\/en\/corporate-governance\/","title":{"rendered":"Corporate governance"},"content":{"rendered":"\n\n\n<div class=\"np-category-menu\">\n\t<div class=\"born-container is-default\">\n\t\t<div class=\"inner\">\n\t\t\t  <ul class=\"born-reset\"><li id=\"menu-item-288\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-288\"><a href=\"https:\/\/iterum.lv\/en\/sustainability\/\"><span>Sustainability<\/span><\/a><\/li>\n<li id=\"menu-item-723\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-723\"><a href=\"https:\/\/iterum.lv\/en\/social-responsibility\/\"><span>Social responsibility<\/span><\/a><\/li>\n<li id=\"menu-item-727\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-727\"><a href=\"https:\/\/iterum.lv\/en\/corporate-governance\/\"><span>Corporate governance<\/span><\/a><\/li>\n<\/ul>\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n\n<div class=\"np-post-with-sidebar\">\n\t<div class=\"born-container is-default\">\n\t\t<div class=\"inner\">\n\n\t\t\t<div class=\"left\">\n\n\t\t\t\t<h2>Corporate governance<\/h2>\n\n\t\t\t\t\t\t\t\t<p><span class=\"is-text-big\">Fairness and equality in every step of the business.\r\n\r\nOur business is based on our integrity and ethical principles to ensure the highest standards of integrity and fairness throughout the company and our value chain and moving forward in meeting social needs for sustainable growth and leadership.<\/span><\/p>\n\t\t\t\t\n\t\t\t\t<p><strong><a href=\"https:\/\/www.ecobaltiavide.lv\/wp-content\/uploads\/2023\/10\/Eco_Baltia_code_of_conduct_2023_eng.pdf\" target=\"_blank\" rel=\"noopener\">CODE OF CONDUCT<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.ecobaltiavide.lv\/wp-content\/uploads\/2023\/10\/Eco_Baltia_code_of_conduct_cooperation_partner_2023.pdf\" target=\"_blank\" rel=\"noopener\">BUSINESS PARTNER CODE OF CONDUCT<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.ecobaltiavide.lv\/wp-content\/uploads\/2023\/10\/Risk_management_policy_2023.pdf\" target=\"_blank\" rel=\"noopener\">RISK MANAGEMENT POLICY<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>We are constantly monitoring technological developments, implementing innovative projects and investing in new equipment to maintain our competitiveness and strengthen our position on the global market.<\/p>\n<p>We value and apply LEAN methods, especially the KAIZEN and 5S approach to business processes, which allows us to continuously improve and optimise our operations.<\/p>\n\n\t\t\t<\/div>\n\n         \n                         <div class=\"right\">\n                <img class=\"lazy\" data-src=\"https:\/\/iterum.lv\/wp-content\/uploads\/2024\/11\/iterum-24_-photo_ieva-makare-199-403x597.jpg\" data-srcset=\"https:\/\/iterum.lv\/wp-content\/uploads\/2024\/11\/iterum-24_-photo_ieva-makare-199-600x400.jpg 1x, https:\/\/iterum.lv\/wp-content\/uploads\/2024\/11\/iterum-24_-photo_ieva-makare-199-1200x801.jpg?v=2 2x\" alt=\"\">\n             <\/div>\n\n         \n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n\n<div class=\"np-targets\">\n\t<div class=\"born-container is-default\">\n\t\t<div class=\"inner\">\n\n\t\t\t\n\t\t\t<div class=\"is-col\">\n\n\t\t\t\t<h2>Short-term targets (2026)<\/h2>\n\n\t\t\t\t<ul>\n<li>\u201cZero incidents\u201d with legal non-compliance and financial sanctions<\/li>\n<li>Customer satisfaction index &gt;30 NPS<\/li>\n<li>Achieve &gt;70 points on a 100-point scale in the EcoVadis assessment<\/li>\n<li>Develop strategically important partnerships and ensure the company&#8217;s participation in the development\/improvement of industry legislation<\/li>\n<li>&lt;85% of employees&#8217; remuneration is in line with the market average<\/li>\n<\/ul>\n\n\t\t\t<\/div>\n\n\t\t\t\n\t\t\t<div class=\"is-col\">\n\n\t\t\t\t<h2>Medium-term targets (until 2029)<\/h2>\n\n\t\t\t\t<ul>\n<li>CustomerSatisfaction score &gt;70 NPS<\/li>\n<li>Reach &gt;70 points on 100-point scale in EcoVadis evaluation<\/li>\n<li>Maintain partnerships and ensure the company\u2019s participation in the development\/ improvement of industry legislation<\/li>\n<li>Maintain company\u2019s certification according to ISO 9001, ISO 14001, ISO 45001, ISO 50001, FSSC 22000, and GRS standards<\/li>\n<li>&gt;95% of employees remuneration is set according to median level of the market<\/li>\n<\/ul>\n\n\t\t\t<\/div>\n\n\t\t\t\n\t\t\t<div class=\"is-col\">\n\n\t\t\t\t<h2>Long-term goals (2030-2050)<\/h2>\n\n\t\t\t\t<p>Towards a Circular Economy by:<\/p>\n<ul>\n<li>developing partnerships with external associations and organizations in worldwide markets<\/li>\n<li>becoming a circular economy thought leader<\/li>\n<li>innovating sustainable products serving customers\u2019 needs<\/li>\n<li>diverting plastic waste from the environment<\/li>\n<\/ul>\n\n\t\t\t<\/div>\n\n\t\t\t\n\t\t\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Corporate governance - Iterum<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iterum.lv\/en\/corporate-governance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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