Exigen Services Latvia receives Silver category rating in Sustainability Index for Results in 2010

Exigen Services Latvia announces that effective May 12, 2011 it has been awarded with the ”Silver” category in the Latvian Sustainability Index for results in 2010. An enterprise achieving the ”Silver” status has demonstrated its ability to integrate stakeholders efficiently and set up risk and opportunity identification and management procedures. Data showing progress in the main spheres of activity for the previous one or two years has also been provided.

„We are very proud to be among the other Silver nominees in the ranking that presents Exigen Services Latvia as a socially responsible and sustainable enterprise. Participation in the Sustainability Index is a strong motivation for us to set a high target for further improvements from a long term perspective!”, says Exigen Services Latvia COO Ivars Puksts.

Exigen Services Latvia is the only IT company in Latvia who has ranked in categories. This year there were more than 50 companies taking part. While the Gold category was awarded to three companies, with Exigen Services Latvia, together with other large companies such as Swedbank, Lattelecom, Latvenergo, Latvian Railroad and CocaCola qualifying for the Silver category.

The SI covers the management of five key areas: Strategy, Community, Environment, Marketplace and Workplace and finally performance in a range of social and environmental performance and impact areas.

The Sustainability Index methodology was developed over time by a wide range of Latvian experts based on the best global examples (Dow Jones Sustainability Index and CR Index by Business in the Community) and in line with the corporate responsibility standard SO 26000 and the Global Reporting Initiative (GRI) guidelines. The index has been adapted to the local audience evaluating the local performance of enterprises with regard to economic, social and environmental issues, taking into consideration global corporate responsibility and sustainability criteria.

The aim of the Index is to improve the performance of companies rather than promoting, and therefore the individual results are not published. Participants are ranked within 4 categories – Platinum, Gold, Silver and Bronze – showing the approximate level of their Sustainability Index score. The Sustainability Index arranges enterprise in alphabetical order in 4 categories – Platinum, Gold, Silver and Bronze – depending on the total index. The Platinum status is awarded to enterprises with a total sustainability index above 90%, Gold, 80–89.9%, Silver, 60–79.9%, Bronze, 40–59.9%.

Sustainability Index is a strategic management tool developed on the basis of global methodology, in order to help Latvian enterprises to establish a level of sustainability and corporate responsibility. It also sets objective criteria for the community as well as public and non governmental organizations. Another purpose of the initiative is to praise and support the enterprises contributing to the long term sustainability of the Latvian economy, environment, and society.

Exigen® Services is a global IT company that provides application outsourcing and business transformation services to clients in the Financial Services, Insurance, Telecom and Media industries. Exigen Services combines Agile development practices and value-based project governance with an outcome-based delivery model to facilitate alignment with clients and their business goals.

Together, Exigen Services and its clients manage project risk and focus on maximizing the value delivered throughout the project lifecycle. Centers of Excellence for industries and technologies and a global network of delivery teams are located across Northern and Eastern Europe, Russia, China and the U.S. Industry-leading clients range from mid-sized growth companies to large global organizations including: T-Mobile, Julius Baer, Eniro, and Hollard Insurance.