SIGNET BANK
Signet Bank is emerging as a leader in sustainable finance within Latvia, aligning its core operations with environmentally friendly practices and impactful investments. By supporting projects that promote energy efficiency, renewable energy, and sustainable urban transport, the bank is driving meaningful progress toward a greener economy.
Partnering for energy efficiency
Signet Bank’s collaboration with the European Energy Efficiency Fund (eeef) underscores its commitment to advancing sustainable development. Together, they identify and finance projects that achieve at least 30% energy or CO2 savings, aligning with EU Taxonomy standards. This partnership, which marks eeef's entry into Latvia, supports the objectives of the Latvian National Energy and Climate Plan, fostering progress in energy efficiency and renewable energy adoption across the country.
Investing in green projects
Through long-term subordinated loans, Signet Bank is providing essential financial backing for sustainable initiatives. These loans primarily target public sector entities and private companies working on behalf of the public sector, enabling projects that enhance energy efficiency, support renewable energy infrastructure, and promote sustainable urban transport. This targeted financing demonstrates the bank’s role as a catalyst for Latvia’s transition to a low-carbon economy.
A vision for sustainable leadership
Signet Bank’s CEO, Roberts Idelsons, has articulated a clear vision for integrating sustainability into the financial sector. By prioritizing an impact-oriented loan portfolio, the bank strengthens its ability to support local businesses committed to sustainable practices. This leadership reflects a broader understanding of the critical role financial institutions play in addressing climate change and promoting environmental resilience.
Together for a sustainable future
Through its collaboration with The Baltic Sustainability Forum organizers and partners, Signet Bank is contributing to a platform that accelerates sustainable innovation and knowledge sharing. By showcasing its expertise in sustainable financing and its commitment to impactful projects, the bank supports collective efforts to address climate change and advance sustainable development across the Baltic region. This partnership highlights the vital connection between financial innovation and environmental stewardship in creating a sustainable future for all.