SEB Latvia joins Employers' Confederation of Latvia

On January 17, the Council of Employers' Confederation of Latvia has approved SEB bank's application to become a member of the organization, recognizing bank's long-term achievements in applying best practice and corporate social responsibility policies.

On January 17, the Council of Employers' Confederation of Latvia (LDDK) has approved SEB bank's application to become a member of the organization, recognizing bank's long-term achievements in applying best practice and corporate social responsibility policies.

Ieva Tetere, CEO of SEB Latvia: "Our business is focussed on people who live in Latvia and companies who operate in Latvia. Therefore, for us it is important to have a transparent and lawful business environment, which strives for responsibility and sustainability. In this regard, our values correspond with LDDK's objectives, and I recognize LDDK's reputation and the weight of the positions it takes. For me our membership in LDDK is another opportunity to contribute towards stable environment for economic growth, facilitate well-considered decisions and a meaningful dialogue between employers and the public sector."

Līga Meņģelsone, General-director of LDDK: "It is an honour to accept SEB, one of the leading companies in the financial industry, within the ranks of the most influential employers' organization. We welcome SEB's long-term engagement in corporate social responsibility. We are convinced that SEB will continue to follow the successful practice of LDDK members in applying principles of socially responsible entrepreneurship in its everyday operations."

Association of Latvian Commercial banks as well as several other financial institutions are a part of LDDK.

LDDK is the largest organization in Latvia for employers. LDDK was founded in 1993 and currently its members employ 43% of Latvia's workforce. LDDK is the partner of Cabinet of Ministers of Latvia and Free Trade Union Confederation of Latvia in the social-economic dialogue. LDDK unites and represents 110 industry leaders - companies with more than 50 employees, as well as 66 industry and regional business associations and federations.