As a signatory to the Paris Agreement of the United Nations, Lithuania has committed to keeping global warming well below 2°C above pre-industrial levels and to limiting the temperature increase to 1.5°C. The European Commission, through its Green Deal policy, announced the goal of making Europe the world's first climate-neutral continent by 2050.
To meet this commitment, financial institutions are developing strategies for the transition to climate neutrality and also playing key role in this transition as financial intermediaries.
To meet the European Commission, the European Central Bank, and other supervisory requirements, members of Lithuanian Banking Association (LBA) and other industry players need data on Lithuania's climate risks, soil degradation and erosion, coastal erosion and solifluction, and the most energy-efficient buildings.
The LBA has purchased the following studies to assist financial institutions in meeting their obligations. The documents are not mandatory. Everyone interested can use them freely.
1. Study on climate change risks by the middle of 21st century (by the Lithuanian Hydrometeorological Service)
Project materials:
2. Study on soil degradation and erosion, coastal erosion and solifluction in Lithuania (by Assoc. Prof. Dr. Jonas Volungevičius, Prof. Dr. Darijus Veteikis and Dr. Laurynas Jukna)
Project materials:
3. Methodology for determining the 15% and 30% most energy efficient buildings in Lithuania (by Dr. Rūta Mikučionienė, Assoc. Prof. Dr. Violeta Motuzienė, Dr. Rasa Džiugaitė, Vilnius Tech)
Project material
1. ESG questionnaire for clients of credit institutions in the Baltic countries
Responding to the growing need to simplify ESG (environmental, social responsibility and governance) data collection processes, banking associations operating in the Baltic States (Lithuanian Banking Association, Finance Latvia and Estonian Banking Association) have joined forces to create a supporting ESG questionnaire for customers of credit institutions. This initiative aims to simplify the collection of ESG data and facilitate the sustainability assessment process for companies operating in the Baltic region.
Download the questionnaire:
2. Greenhouse Gas Emission Calculator
Three Baltic States banking associations has created a GHG emissions calculator that is freely accessible to all organizations. We hope that this tool will encourage you to take the first step in calculating your company's or organisation's footprint and will be a starting point for planning how to reduce it.
This GHG Emissions Calculator has been developed by Deloitte. The tool allows you to estimate two scopes of GHG emissions impact - GHG emissions resulting from the direct activities of your company and indirect GHG emissions (e.g. through purchased electricity or heat, etc.).
GHG calculator and guidelines to use it are available here:
