BDO Latvia views sustainability not merely as one item on the agenda, but as the core essence and driving force of a thriving organization. We are guided by a commitment to be a catalyst for positive change, advocating for sustainable practices that have a meaningful impact on our clients, employees, and society as a whole.
At BDO Latvia, we see it not only as an ethical choice, but also a strategic one. We acknowledge that the impact of climate change is inevitable and demands immediate action. We recognize the importance of an ESG strategy for three key reasons:
VALUES AS A FOUNDATION. We are fully aware that integrating ESG aspects into the core of our business helps cultivate long-term values, promote innovation, and improve efficiency—thus enhancing both our financial performance and BDO’s competitiveness in a changing market.
IMPACT AS A POSITIVE DRIVER. We focus not only on our business goals, but also on the positive impact we can make on society and the environment. By prioritizing sustainability and social responsibility, we aim to address global challenges such as climate change, social inequality, and ethical governance. Our goal is to promote sustainability and fairness.
RISK REDUCTION. We take a proactive approach to minimize risks associated with ESG factors. By identifying and mitigating environmental, social, and governance risks, we protect the well-being and stability of our communities. Responsible practices help prevent potential harm to our operations, stakeholders, and society at large.
Recognizing the significance of our collective role in conserving the planet’s resources, we emphasize the importance of responsible action to ensure a sustainable future.
At BDO Latvia, we approach environmental responsibility through a dual perspective – CORPORATE ETHICS and CULTURE.
We prioritize environmental responsibility as an integral part of our culture. We encourage employees to participate in eco-friendly activities, educate them on reducing carbon footprints, and emphasize the importance of aligning daily actions with our ecological values.
In addition to placing sustainability at the forefront of our priorities, we have developed a unique Eco-Engagement Program. As part of our comprehensive environmental initiatives, this includes annual activities such as tree planting and community cleanups. By participating in these initiatives, our employees help fulfill our promise—to protect and nurture the environment for future generations.
Our social responsibility program focuses on two main directions:
Internal impact, which prioritizes employee well-being and development (more can be found in the Careers section).
External impact, where we work to promote social mobility and foster sustainability.
This dual approach ensures a comprehensive strategy for addressing social responsibility.
Public Engagement
BDO Latvia actively participates in volunteer work. Our employees take part in various volunteer initiatives, including mentoring students, conducting workshops for underprivileged community groups, and expanding support for local charities—such as participation in “K. Dišlers Moot Court.”
Support for Arts and Culture
In collaboration with the Latvian Academy of Art and the contemporary art center “KIM?”, BDO Latvia established the tradition of awarding the “BDO Young Artist Award”, which annually grants a monetary prize to a young artist, fostering investment in future generations of artists.
Awardees:
2023: Agate Tūna for the installation “Techno-Ghost” – a metaphorical reflection on digital footprints left in the virtual world.
2022: Liene Rumpe for “Exercises of a Ninja Painter”, an in-depth study of war and its visual culture.
2021: Reinis Bērziņš for “///(((!”, where the artist experiments with sound, integrating it into installations and paintings.
2020: Amanda Ziemele for a monotype from her 2019 solo exhibition Neunauge in Eckernförde, Germany.
BDO Latvia not only invests funds but also engages in local art programs, exhibitions, and cultural events, promoting creativity and offering artists opportunities to showcase their work and inspire society.
BDO Latvia’s youth development efforts span collaborations with ELSA (European Law Students' Association) and active involvement with the Banku Augstskola (BA School of Business and Finance), where we offer mentoring, career counseling, and skills development programs—helping young people build strong foundations for their future.
Children’s Hospital Foundation
The Children’s Hospital Foundation supports child health by engaging public support. It’s a trusted partner for children, parents, the country, medical staff, and society overall.
Since the end of 2022, our audit services team has had the honor of working with the Foundation. Its strong commitment to improving children’s lives aligns deeply with our values, fostering a fruitful partnership. We’ve provided comprehensive audit services to ensure financial transparency and integrity, becoming witnesses to the positive societal impact driven by the Foundation. Open communication and a shared commitment to excellence define our cooperation, making our audit services highly effective and meaningful. We look forward to continued collaboration as we work together to support the Foundation’s mission and improve pediatric healthcare.
Canvas of Kindness
BDO Charity Auction – Supporting Our Youngest Patients
Recognizing the importance of creating a safe and supportive environment for future generations, BDO Latvia chose to celebrate its 15th anniversary by supporting the development of the Children and Youth Mental Health Center.
We approached the Children’s Hospital Foundation to initiate a charity event aimed at raising funds to improve children's healthcare and daily lives.
During the charity auction dinner, guests were invited to contribute to a noble cause in exchange for opportunities to attend cultural and artistic events in Latvia and abroad. The selection included everything from concerts and art exhibitions to sports events. Guests also had the chance to view and purchase artworks created by talented Latvian artists, simultaneously supporting the growth of the art sector.
This initiative was not only a special way to mark our 15-year anniversary, but also highlighted our commitment to making a positive impact on society. Witnessing our guests’ generosity and enthusiasm was truly moving. Together, we not only celebrated past achievements, but also invested in a brighter future for children—because they are the ones who will shape tomorrow.
A total of €40,000 was raised during the event.
The mission and values of BDO Latvia also shape our policies and governance strategy. In developing our governance approach, we have taken into account global corporate governance principles, national and international codes of ethics, and professional standards.
Our long-term goal is to support strong corporate governance practices and ensure transparency in our operations, while prioritizing client satisfaction.
A satisfied client is our key quality indicator. That’s why in all our client interactions, we strive for excellence.
The importance BDO Latvia places on building lasting client relationships is reflected in our initiative—the “Client Satisfaction Survey”, which we use to collect precise data on client experiences with BDO Latvia.
After the completion of a project, we proactively invite clients to fill out a specialized survey based on the Net Promoter Score (NPS) methodology. This provides not only a rating but also qualitative feedback on the proposed solution and the client’s overall perception of our brand.