LTP Annual Sustainability Performance Report 2021

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HOW WE ANCHOR SUSTAINABILITY

THE JOURNEY TOWARDS OUR 4 SUSTAINABILITY COMMITMENTS

2021 RESULTS

RISK AND COMPLIANCE

2022 TARGETS

GOING-FORWARD: 2022-2025 STRATEGY

Most priority topics are common to our two business divisions: LTP Garment and LTP Furniture. This enables a group approach that leverages synergies between industries. As illustrated in the above-mentioned sustainability ladder, in addition to those strategic priority topics, LTP work with sustainability covers 2 other areas:

Our new 2025 sustainability strategy sets the new frame for reporting for the coming years, in addition to the GRI Standards. This strategy takes into account upcoming regulations under the new EU Strategy for Sustainable and Circular Textiles. The EU legislative framework under this strategy is addressed trough our 4 sustainability commitments and related priority topics (Corporate Sustainability due diligence directive, digital product passport, green claims, waste framework directive, packaging EPR & eco-design etc..). For these 2022-2025 strategic priority topics (identified by the results of the materiality assessment), we have defined related performance metrics and 2022 targets. For climate we have also set targets for 2025 since agreements or investments started in 2022 to reduce emissions will have impact during 2023. These targets are presented in the following pages under each of the 4 commitments to which they belong.

Certifications

LTP Group factories are audited by third party companies in the context of our social and environmental certifications. The detailed list of our certifications is available in the appendix of this report

Compliance

In addition to following all legal social compliances (e.g. legal minimum wage) in all locations in which we operate, LTP Group has also developed, and regularly reviews, our own internal policies such as our Code of Conduct and Ethics. The detailed list of our internal policies and other compliance documents is available in the appendix of this report

LTP Group 2021 Sustainability performance report

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