Sustainable Enterprise 2022

Objective

To reward Estonian companies who focus on sustainable business practices and development. The sustainability principles are evaluated based on social, financial and environmental impacts.

Who can apply?

Estonian companies who have implemented sustainability in their business practices, informed the wider public and raised awareness of going green and have applied technological and/or organisational innovations in the last three years.

Assessment criteria and process

We ask the entrepreneurs to show (1st stage):

  • Export revenue in 2021 (if you have submitted your annual report with the revenue annex to the Centre of Registers and Information System, you do not have to fill in this section)
  • Average number of employees in 2021 (if you have submitted your annual report to the Centre of Registers and Information System, you do not have to fill in this section) (5%)
  • Added value* in 2021 (if you have submitted your annual report to the Centre of Registers and Information System, you do not have to fill in this section)

 

The following financial indicators are taken into consideration (comprising 30% of the final result):

  1. Total export revenue in 2021 (10%)
  2. Increase in export revenue 2019 vs 2021 in % (10%)
  3. Additional value* increase per employee in 2019 vs 2021 (10%)

 

The enterprise must show a significant achievement in the following areas (comprising 70% of the final result):

  1. Unique product/service/ business model, which stands out for its sustainable principles on the foreign markets (10%)
  2. An important technological breakthrough which has facilitated changes in the enterprise and impacted its financial results (20%)
  3. The enterprise has applied SDG (Sustainable Development Goals), ESG (Environmental Social and Corporate Governance) or another similar method (20%)
  4. The enterprise has outstanding activities and accomplishments in digitalisation, sustainability, and innovation *** internally as well as societally (10%).
  5. The enterprise has shown flexibility and adaptability in complicated situations and during pivotal times (10%)

 

*Additional value per employee = (personnel costs including taxes + asset depreciation + business profit) / number of employees

 

*** Innovation is the implementation of new and knowledge-intensive solutions and technological innovation in an enterprise – one possibility is for companies to work together with universities in conducting applied research.

 

Digitalisation is the implementation of automation, digital technologies, software solutions and robots to minimise the need for human intervention.

 

Sustainability is our journey to a cleaner, greener and more dynamic Estonia and a more successful and diverse economy, taking into consideration the needs of our society.