Guiding Principles

We have developed MM Grupp’s sustainability principles, which define the Group’s environmental, social, and governance (ESG) values and describe our ESG guiding principles, structure, and approach to sustainable and responsible business. 

The principles and frameworks guiding our ESG activities are based on our organizational culture, mission, and core values, reflecting our shared vision to shape the business activities of Group companies in a responsible and sustainable manner.

The ESG perspectives described in these guiding principles serve as guidelines for all our stakeholders, including MM Grupp’s subsidiaries, joint ventures, and associates, as well as cooperation partners and clients. These principles form the basis for developing the Group’s sustainable development strategy, setting goals, and managing operations on a unified basis.

The guiding principles provide a framework for MM Grupp portfolio companies to manage responsible and sustainable activities at the company level, adapted to the specific needs, ambitions, and core activities of each enterprise. The field of sustainability is managed within the Group on a unified basis to ensure that both the parent company and subsidiaries cooperate effectively to achieve the goals set in the sustainable development strategy.

In managing sustainable business, we take into account the unique needs and opportunities of each company in the portfolio and consider it important to adapt the ESG strategic approach according to the companies' core activities, ambitions, and business strategies. To manage sustainability topics, the Group has established a working group whose activities are coordinated across subsidiaries by the Group Sustainability Manager. The Manager plans daily work in the sustainability field, acts as a contact person for all sustainability-related inquiries, and is responsible for ensuring that all ESG topics are managed on a unified basis within the Group.





Environmental guiding principles

Environmentally sustainable business is a strategic anchor for the Group’s development. We understand that as a Group, we have a significant role to play in addressing climate change and achieving environmental goals set at the European Union level; this is illustrated by our diverse cross-sector investment portfolio, which brings various companies and industries under a common sustainability umbrella.

The keywords framing MM Grupp OÜ’s environmental guiding principles are awareness, innovation, and collaborative partnership. Our primary focus is to reduce the negative environmental impact arising from the activities of companies in the Group’s portfolio by encouraging the rethinking and, where possible, simplification of existing processes, and increasing the adoption of environmentally

friendly technologies to reduce greenhouse gas emissions from core activities across the Group.

The following guiding principles have been established by the Group as a compass for handling environmental topics.

Sustainability and responsibility
  • We ensure that sustainable and environmentally considerate principles are followed throughout the entire value and supply chain associated with our companies.

  • We independently assess the environmental friendliness and sustainability focus of our suppliers and clients.

  • We comprehensively support sustainable agriculture and forestry, focus on preserving biodiversity, and support the development of healthier ecosystems to increase carbon sequestration capacity across the Group.

  • We are responsible for ensuring that business activities are based on an environmentally conserving and sustainable approach and are in compliance with all requirements, regulations, and directives established by the state and the European Union.

  • In managing investments, we rely on environmental impact analysis; we assess all potential ESG risks, operational and supply chain impacts, and opportunities as key aspects.

  • We measure and prioritize the reduction of the carbon footprint arising from business activities by optimizing resource efficiency, reducing emissions and waste, increasing the integration of circular economy principles, and implementing energy efficiency measures throughout the company's value chain.

  • We develop a targeted action plan to reduce emissions and consider internationally recognized greenhouse gas accounting standards when calculating our carbon footprint.

Sustainability and awareness

  • We contribute to raising stakeholder awareness and develop a corporate environmental policy that determines the company's general environmental conservation principles, good practices, and directions.
  • We consider the implementation of Green Office principles important and invest in environmentally friendly solutions to reduce the consumption of office supplies with significant environmental impact.
  • We optimize energy, water, and fuel consumption arising from daily business activities and develop opportunities that help use resources more optimally.
  • We contribute to promoting waste recycling and implement waste sorting solutions across the company.
  • We create a healthy and socially responsible work environment. In designing workspaces, in addition to integrating environmentally friendly solutions, we contribute to creating sustainable space through culture, art, and music to even more strongly support and amplify employee well-being and productivity.





Social guiding principles

Socially responsible business is a foundational pillar describing the principles and values of MM Grupp. We understand that with a substantial group and portfolio of companies, we serve as a role model through our actions and words for our employees, clients, and society at large. We care about our employees, clients, and society broadly, and we comprehensively support the principles and initiatives of a socially responsible company. This is a value that stands out primarily through our actions.

We wish to grow the dialogue with stakeholders to even more clearly understand their needs and expectations and to ensure their satisfaction and trust. The following guiding principles have been established by the Group as a compass for handling societal and social topics.

Work culture and employee well-being

  • We ensure safe working conditions, fair remuneration, and enable equal opportunities for all our employees.
  • We contribute to maintaining a work-life balance by enabling flexible and family-friendly working conditions.
  • Our employees are our most valuable resource; therefore, we offer them a supportive and safe working environment and comprehensively encourage their development and well-being.

Health and safety

  • We believe that every company is exactly as healthy as its employees.
  • We value healthy lifestyles, health maintenance, and disease prevention. We support the growth of health literacy among both employees and clients, and we invest in initiatives that increase the development of health literacy in society at large.

Employee diversity and equal treatment

  • We treat all individuals equally and adhere to internationally recognized human rights. We do not discriminate against marginalized groups based on gender, age, or any other socio-demographic factor.
  • All employees and stakeholders associated with the Group are obligated to ensure equal and respectful behavior, promoting openness, diversity, and inclusion.

Open dialogue and satisfaction

  • We rely on stakeholder feedback, interests, and needs when offering products and services. We ensure the privacy and personal data protection of clients and employees.

Social responsibility

  • We contribute to charity and the advancement of education, and we stand for the preservation of the Estonian nation, language, and culture.
  • Through cross-sector support projects, we impact a broad target group and advance various areas of Estonian life, contributing to community development and the improvement of people's quality of life.




Responsible business guiding principles

In our daily business activities, we adhere to high ethical standards. We encourage mutual dialogue and contribute to creating a trustworthy work environment based on respect for one another and for agreements.

We value the implementation of transparent and honest business practices and serve as a role model in society and the economic space through sustainable and socially responsible business activities. We care that all suppliers and cooperation partners throughout the value chain also respect our sustainability principles.

The following guiding principles have been established by the Group as a compass for handling responsible business topics.

Business ethics and responsibility

  • We manage our business activities responsibly, honestly, and transparently, and we fulfill all legal requirements presented to us.
  • We confirm that our business activities are in compliance with all relevant laws, directives, norms of good practice, and other requirements.
Management

Sustainable business is an integral part of our daily business operations at the management level and reflects the core values of our companies.

Fair competition

We adhere to the principles of fair competition, and all business activities and transactions are conducted transparently and in accordance with legal requirements.

Corruption
  • The Group has zero tolerance for all forms and methods of corruption. To prevent and detect corrupt activities, a code of conduct applies to employees, along with a reporting obligation regarding key risk areas where potential conflicts of interest and ethical issues may arise.
  • The prevention of corrupt activities is based on the principle of segregation of duties and adherence to general laws.
  • A transparent whistleblowing procedure has been established for companies, based on the EU Whistleblower Protection Directive, allowing for anonymous reporting of incidents that contradict good business ethics practices, internal rules, or company values.
  • Group employees conducting transactions on behalf of the company are obliged to report potential conflicts of interest.
Human rights
  • We stand for the human rights of our employees, which includes taking measures to avoid modern slavery and human trafficking in our business activities and supply chain.
  • To manage ethical business, we are guided by the UN Declaration of Human Rights and the conventions of the International Labour Organization (ILO).
Responsible investment
  • Sustainable and responsible investment principles are deeply rooted in our business decision-making processes.
  • We stand firmly for ensuring that all our investments and decisions consider environmental, social, and governance factors and create a positive impact for our portfolio companies, employees, and society as a whole.
  • We carefully monitor potential higher negative ESG risks and impacts associated with investments and consistently strive to improve our responsible investment practices according to the best international standards, while remaining in alignment with the Group's and companies' values and principles.
  • Our investment focus is primarily directed toward business lines that are consistent with our general sustainability principles and strategies.