Europe is not reducing its sustainability ambitions - it is focusing on competitiveness
Europe is not reducing its sustainability ambitions - it is focusing on competitiveness
Dienas Bizness, 10.04.2026
What do the recently adopted changes to the European Union’s sustainability regulations mean for Latvian companies? This question is becoming even more relevant in today’s geopolitical environment – including war in the Middle East, energy price volatility, and supply security concerns, all of which are prompting countries to reassess their priorities.
Raivis Jānis Jaunkalns, Partner at BDO Latvia, explains that Europe is not lowering its sustainability ambitions, but rather adjusting the pace of implementation in order to preserve business competitiveness. Climate neutrality and ESG objectives remain in place, while regulation is being simplified and made more practical for companies to implement. For Latvian businesses, sustainability should be viewed not only as a regulatory obligation, but also as an opportunity to strengthen export competitiveness, investor confidence, and long-term growth.
Read more here.
What do the recently adopted changes to the European Union’s sustainability regulations mean for Latvian companies? This question is becoming even more relevant in today’s geopolitical environment – including war in the Middle East, energy price volatility, and supply security concerns, all of which are prompting countries to reassess their priorities.
Raivis Jānis Jaunkalns, Partner at BDO Latvia, explains that Europe is not lowering its sustainability ambitions, but rather adjusting the pace of implementation in order to preserve business competitiveness. Climate neutrality and ESG objectives remain in place, while regulation is being simplified and made more practical for companies to implement. For Latvian businesses, sustainability should be viewed not only as a regulatory obligation, but also as an opportunity to strengthen export competitiveness, investor confidence, and long-term growth.
Read more here.