10
HOW WE ANCHOR SUSTAINABILITY
THE JOURNEY TOWARDS OUR 4 SUSTAINABILITY COMMITMENTS
2021 RESULTS
2022 TARGETS
RISK AND COMPLIANCE
LOOKING BACK AT 2021 TARGETS
Embrace durability and circularity Decreasing the environmental footprint arising from our production will continuously be a priority. It includes the selection of certified and lower environmental impact materials used in the manufacturing processes and in packaging. In 2021 our focus has been to reduce the use of non-recyclable and non-recycled plastic and to phase out solvent-based glue in furniture production. The aim to replace traditional plastic bags with recycled and recyclable plastic bags has been part of LTP’s sustainability strategy for several years. The targets for 2021 was met for all locations except LTP Garment Vietnam. The use of solvent-based glue has negative impact on biodiversity and is a potential threat to human health. In 2021 LTP Group succeeded to entirely exclude its usage. Fight for climate In 2021 we have worked on reducing CO 2 e emissions with two initiatives. The sourcing of renewable electricity in Lithuania, and the alignment of our carbon accounting and carbon reduction target setting with global leading standards.
We have achieved our targets for 2021 and committed to the Science Based Target Initiative. In the coming years we will reduce further our emissions in alignment with the SBTi target setting methodology below 1.5 ° C. The reported CO 2 e emissions included scope 1 and 2 which is composed of company vehicles, and energy consumption in our
factories and offices. Unlock transparency
As a manufacturer we believe that we also have a responsibility to share information about the value chain behind the garment and furniture products we manufacture. The various steps in the production of a product are in most cases unknown by consumers but also by value chain players. Without knowledge of those steps, it is impossible to understand the product’s impact and to make the right decisions to reduce this impact. In 2021 we focused on opening up communication towards consumers, providing insights to the product purchased and the manufacture behind it. We also organised 3 webinars on the topic of Circularity, inviting industry experts to share insights to other supply chain players.
LTP Group 2021 Sustainability performance report
Powered by FlippingBook