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HOW WE ANCHOR SUSTAINABILITY
THE JOURNEY TOWARDS OUR 4 SUSTAINABILITY COMMITMENTS
2021 RESULTS
2022 TARGETS
RISK AND COMPLIANCE
CARE FOR PEOPLE
Priority topic
2022 Target
Committed Entity
Injuries & accidents % of employees provided e-learning on OHS 1) % of directors onboarded on new OHS governance model Business partners portfolio management % sewing production partners assessed on sustainability 2) % of production partners reaching “Green” performance level 3) % material suppliers signing LTP Code of Conduct and Ethics Fair wages and benefits Ratios of standard entry level wage man production employee compared to local minimum wage Ratios of standard entry level wage woman production employee compared to local minimum wage % factories involved in living wage assessment 4) % total employees covered by collective bargaining agreements (part of the work council within the factory or a union) Fair working conditions & Occupational health % factories filling in minutes of monthly meetings with workers representatives Workers covered by an occupational health and safety management system
50%
LTP Group – all countries
LTP Group has over 2,000 employees across 10 factories in 5 countries. They are performing a large variety of jobs in production, warehouses and offices. We believe in diversity and inclusion as a driver for a dynamic, supportive and open work environment. All employees across the group are addressed by the sustainability commitment Care for People, which covers their well being including occupational health & safety (OHS), working conditions, and wages & benefits. The topic of OHS is of highest priority. We have established procedures for ensuring safe working environments and compliance with national legislation in each of our locations. In 2021 we have set up a whistleblowing system and reinforced the local complaint mechanism. In 2022 we will roll out trainings with employees at all levels to ensure that they are well known and understood. In addition to LTP Group employees, we have an increasing focus on our supply chain partners and their social responsibility. The focus is on external production partners for the garment business unit.
In 2022, we will strengthen the management of our production partners portfolio by widening the assessment framework to all production partners. This assessment is based on social and environmental requirements. Production partners are categorised depending on their performance level according to pre-defined criteria. Any production partner in the lowest performing category has to improve within 1 year partnership to continue collaboration with LTP Group. On the topic of fair wages & benefits, in 2022, we will release and implement a strategy with two objectives: Objective 1: Define yearly the living wages in each of our 10 factories locations by conducting a survey among production employees Objective 2: Assess LTP’s performance compared to those living wages and initiate dialogue with selected supply chain partners where the gap is highest LTP Group provides similar wage levels for men and women in each department for similar type of job functions. In the sewing department we employ a majority of women due to availability of skilled workforce.
100%
LTP Group – all countries
LTP Garment – all countries LTP Garment – all countries
100%
50%
40%
LTP Group – all countries
120 140 120
LTP Furniture – LT
LTP Garment – LT; VN
LTP Furniture – LT
140
LTP Garment – LT; VN
100% 100%
LTP Group – all countries
LTP Furniture – LT
LTP Garment – all countries
100%
100%
LTP Group – all countries
100%
LTP Group – all countries
Notes: 1) Occupational Health & Safety;
2) We are assessing all our production partners based on a list of social and environmental requirements and depending on their final score they are categorised as red, yellow or green. Green being for the best performance. We do not reject production partners in the red category if they are improving and able to become yellow or green after 1 year partnership; 3) After one year partnership, the most important is the ability for the production partner to improve over time, not only its performance in the beginning 4) See main text explanation
LTP Group 2021 Sustainability performance report
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