M M G R U P P & E S G
MM Grupp OÜ is fully committed to comply with
internationally recognized ESG standards and regulations.
MM Grupp OÜ understands the critical importance of ESG
factors and recognizes that ESG considerations are essential to delivering
long-term sustainable value to all stakeholders. Our portfolio encompasses
several different industries, ranging from media and entertainment to
pharmaceuticals and the food industry. Therefore, we also face various
environmental, social, human resource, and management-related challenges in our
operations. We see this as a rare opportunity to develop our company culture in
a positive direction and differentiate ourselves from competitors in the
market. Change starts from the company's leadership.
As part of its commitment to ESG, the company has decided to involve ESG reports to its Fiscal Year Report 2022/2023, demonstrating its dedication to transparency and accountability in ESG matters. To further demonstrate our commitment, we have appointed a senior manager/coordinator for ESG activities starting May 2023. This move will enable the company to better communicate its ESG performance and highlight its commitment to sustainable business practices. We believe that this will be an important step in advancing the company's ESG goals.
We are currently in the process of drafting a Code of Conduct that includes documented compliance and governance practices in line with these standards. Additionally, the company has planned to disclose a comprehensive ESG Policy that outlines its ESG approach and how it integrates ESG considerations throughout its investment process, including the implementation of key performance indicators (KPIs) to measure, monitor and track ESG performance at portfolio companies.
MM Grupp OÜ has designated a senior manager/coordinator responsible for overseeing day-to-day ESG matters which ensures that material ESG issues are reported to and acted upon during portfolio companies' Board meetings. Moreover, the company's due diligence process includes an ESG assessment and compliance review of each potential investment to identify material ESG risks and opportunities.
MM Grupp OÜ collaborates with co-investors during the ownership phase to improve the overall ESG performance of joint investments, and possesses an effective ESG risk management system to identify, manage, and improve ESG risks and opportunities throughout the entire ownership phase.
We are confident that MM Grupp OÜ´s ESG practices are in full compliance with the relevant provisions and believe the company is well-positioned to deliver sustainable value to its stakeholders.
Environmental
Threat of climate change has grown, so investors may choose to factor sustainability issues into their investment choices.
Social
There is a growing belief that the broader the pool of talent open to an employer the greater the chance of finding the optimum person for the job.
Governance
Corporate governance is the structures and processes that direct and control companies. It makes companies more accountable and transparent to investors and gives them the tools to respond to stakeholder concerns.