Ignitis Group achieves Lithuania’s first ISO 20400 sustainable procurement compliance

Inga Macijauskienė
Inga Macijauskienė
0Comments

Ignitis Group has become the first company in Lithuania to have its procurement and supply chain management assessed for compliance with the ISO 20400 “Sustainable Procurement” standard. An independent third party confirmed that the company meets the requirements of this international standard, which focuses on responsible procurement practices.

Inga Macijauskienė, Head of Group Procurement at Ignitis Group, said: “Sustainability principles have been consistently integrated into the Group’s procurement activities since 2021. Today, we can demonstrate not only readiness but also practical solutions and proven practices. The auditors identified no non-conformities, and this assessment confirms our progress.”

ISO 20400 provides guidelines for organisations to ensure their procurement processes are efficient and responsible by considering environmental, social, and business ethics aspects. The assessment found that Ignitis Group’s procurement and supply chain management align with these best practices.

The company’s compliance with ISO 20400 will be reviewed annually through surveillance audits to maintain ongoing adherence and improve processes further.

Ignitis Group stated that this achievement demonstrates its commitment to sustainable procurement and responsible supplier collaboration, aiming to create value for business, society, and the environment.

Policies and certifications play a key role in supporting these efforts.



Related

Pavlos Mylonas CEO

National Bank of Greece and Allianz SE sign memorandum on minority stake and bancassurance agreement

National Bank of Greece has signed an agreement with Allianz SE for a minority stake in Allianz European Reliance. The deal includes plans for exclusive distribution partnerships aimed at expanding access to insurance products through banking channels.

Martin Lundstedt President and CEO at Volvo Group North America LLC Volvo Group North America LLC

The Foundation Assar Gabrielsson Prize recipients 2026 awarded

The Assar Gabrielsson Foundation has named Ketan Thombare, Louise Carstam, and Ella Äng Eklund as winners of its annual prizes supporting promising cancer researchers. Each recipient will receive SEK 100,000 administered by Sahlgrenska Academy at University of Gothenburg.

Alfred Stern Chairman of the Executive Board of OMV OMV

OMV invests EUR 65 million in new innovation center in Austria

OMV has announced a EUR 65 million investment for a new innovation hub at its Schwechat site. The facility aims to accelerate technological development from laboratory research to industrial scale. Construction is set for completion in the first half of 2027.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from EU Business Daily.