IRI Investments Latvia SIA is a subsidiary of Ingka Investments BV, part of Ingka Group. Ingka Investments BV is a company managing investments in the field of sustainable resources and renewable energy. Ingka Investments BV owns forestland in USA, Romania, Lithuania, Latvia and Estonia and is considering further investments. We own in total around 80,000 ha of forestland in Latvia, which are managed by IRI Asset Management.
Our firm commitment and promise is to be a responsible forest manager. Our view on forest management means taking the best measures today that will ensure proper development of the forest for tomorrow.
Our management aims to carefully protect the forests and their biodiversity elements. For us, a responsible way of managing the forests means to balance the role the forest has for the people, the environment and the economy.
We aim to preserve and in many cases enhance the quality of the forest. This is why every step we took from the beginning was directed towards being a responsible forest manager.
Form a functional team made up of local forestry specialists and train them according to our way of working
Implement afforestation campaigns of more than 2 million seedlings per year
Implement standards of working with suppliers and contractors
Receive the Forest Stewardship Council® (FSC®) certificate for forest management
Train coworkers in relation to both our internal standards and those of FSC®
At least 10% of our property area is part of the FSC conservation area network where environmental and social objectives prevail
more than 200 hectares of Natura 2000 protected areas
preserved nesting area of black stork
preserved buffer zones of nesting areas of capercailye, lesser spotted eagle, osprey and other protected species
ongoing inventory of natural forest key biotopes