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HOW WE ANCHOR SUSTAINABILITY
THE JOURNEY TOWARDS OUR 4 SUSTAINABILITY COMMITMENTS
2021 RESULTS
2022 TARGETS
RISK AND COMPLIANCE
LOOKING BACK AT 2021 TARGETS
For LTP Group, 2021 has been a busy year and a year of extremes - both good and challenging. We were fortunate to experience rapid growth but were also met with considerable challenges due to COVID- 19. Despite the turbulent conditions in the world, LTP Group managed to maintain the focus on achieving the defined targets and are pleased to be able to disclose a solid progress: 14 targets achieved; 5 targets on track; and 3 targets not achieved.
We have faced the most challenges in Vietnam. Our factory in Ho Chi Minh has been impacted by a nearly 3-month lock- down. The LTP factory has been able to partly maintain operations. Production employees working under the lock-down have been selected on a voluntary basis. Employees who decided not to work under the lock-down have received their basic salary. As part of our commitment, we involve business partners to meet high social industry standards for their own employees. We have prioritised to provide LTP’s Code of Conduct to our production partners, which has not brought a satisfactory result for LTP Garment Vietnam. Our production partners plays a central role in conducting business ethically and responsibly, and we will maintain a strong focus to ensure that they adhere to LTP’s Code of Conduct. In 2022 LTP Group will strengthen the management of our production partners portfolio by widening the assessment framework to all production partners. Further detail on this assessment is provided in the next section under the Care for People commitment and related targets for 2022.
What have we done in 2021?
Care for people
The health and safety of our employees are of highest priority. The established procedures for ensuring safe working environments and compliance with national legislation in each of our locations are met. Throughout the COVID-19 crisis, health and safety of our employees has been no one priority. We have established procedures for ensuring safe working environments and compliance with COVID-19 related local legislation in each of our locations.
LTP Group 2021 Sustainability performance report
LTP Group 2021 Sustainability performance report
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