The SRI market in the Baltic states of Estonia, Latvia and Lithuania is yet to take off. The first specialized SRI fund was launched in Estonia in 2008 (the New Europe Socially Responsible Fund at Limestone Funds). In addition, BaltCap, which operates in all three Baltic countries, has signed up as a PRI signatory, with its investment policies and practices already compliant with the PRI programme to a great extent. Investing in SEB Ethical Europe Fund is also offered by local asset manager SEB Asset Management; however, the fund is managed externally.

The financial market structure in the Baltic countries is somewhat special, as the main players in the market are local branches of large Scandinavian banks, with their headquarters also listed as PRI signatories. However, while the main institutions are heavily involved in sustainable and responsible investment practices, it is not known to what extent these principles are taken into account at their Baltic branches.

Download the Baltic States section of Eurosif's European SRI Study 2010.