Vienotais bezmaksas diennakts tālrunis: 80002122
Zigfrīda Annas Meierovica bulvāris 1, Rīga, LV-1050
SIA "Rīgas ūdens" European Green Bond Allocation Report, together with the independent post-issuance review conducted by "Sustainable Fitch", confirms that the EUR 20 million raised through the Company’s European Green Bond (EuGB) issuance on 6 May 2025, structured in accordance with Regulation (EU) 2023/2631, is being used to finance EU Taxonomy-aligned capital expenditure projects.
Chairman of the Management Board of "Rīgas ūdens", Krišjānis Krūmiņš: “The allocation report and the independent review confirm "Rīgas ūdens" ability to ensure sustainable investment management in line with the highest European sustainable finance standards, while also demonstrating that we have fulfilled the commitments made to investors and residents last year. As we prepare for the next stage of the bond issuance programme, this also sends a strong signal to potential investors regarding the Company’s approach to transparent, responsible and sustainability-driven capital raising and the consistent implementation of its investment programme.”
According to the "European Green Bond Allocation Report 2025", as of 31 December 2025, 85.7% of the initial bond issuance amount, or EUR 17.14 million, had been allocated to EU Taxonomy-aligned capital expenditure projects.
The largest share of the proceeds — EUR 13.13 million — was allocated to wastewater collection and treatment projects in Riga, covering the renovation and expansion of sewer networks, the construction of pumping station, and the replacement of equipment and rehabilitation of infrastructure for wastewater collection and treatment systems.
In addition, the Company allocated EUR 3.11 million to biogas production infrastructure, EUR 0.87 million to renewable electricity generation through solar PV installations, and EUR ~0.03 million to energy-efficiency improvements related to interior lighting modernisation at wastewater treatment plant buildings. As of the end of 2025, EUR 2.86 million remained unallocated.
In accordance with the requirements of the European Green Bond Regulation, the Company obtained an independent post-issuance review. In its "Post-Issuance Review" published on 7 May 2026, "Sustainable Fitch" confirmed that the allocation of proceeds is 100% aligned with the European Green Bond Regulation and the EU Taxonomy, including the substantial contribution criteria, do no significant harm criteria and minimum safeguards.
More detailed information on the allocation of proceeds and the independent reviewer’s opinion is available on the Company’s website in the Investors section, under Bonds as well as on the "Sustainable Fitch" website.
"Sustainable Fitch" Post-Issuance Review - European Green Bond Assessment
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