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HOW WE ANCHOR SUSTAINABILITY
THE JOURNEY TOWARDS OUR 4 SUSTAINABILITY COMMITMENTS
2021 RESULTS
2022 TARGETS
RISK AND COMPLIANCE
UNLOCK TRANSPARENCY
Priority topic
2022 Target
Committed Entity
Employees
One of the conclusions from the materiality assessment we conducted early 2021, and which is described above in this report, is that the need for more transparency in the textile industry requires immediate solutions. The manufacturing industries are complex and global, They have developed in this direction with the main objective of decreasing production costs. Transparency is a strong driver to change direction and improve the social and environmental impact. New requirements from consumers and supported by upcoming regulation are pushing for transparency with the following effects: • Concentration of orders: to reduce the amount of information to be provided and to ensure a high level of control on the information made available, value chain players are reducing the number of upstream partners and rewarding the ones taking sustainability action • Consumers awareness: better understanding of how and where products are made is empowering consumers in making purchasing decisions rewarding the brands improving their sustainability performance and driving positive change • Reshoring: the high share of CO 2 e from transportation on products footprint and the sustainability risk level outside Europe is pushing for bringing production closer to distribution
To support this new direction, we have decided to develop different tools to unlock transparency: Consumer friendly web-based app: we launched a digital tool to unlock external transparency with consumers. This tool is a web platform called LTP Consciously Crafted®. The web platform works like an app and is accessible online by scanning a QR code placed in the products. LTP customers also have a dedicated space in which they can share their own and joint LTP sustainability initiatives. Current content and lay out is available on the app under the following link: Link to the App. The content will be continually updated, with concrete sustainability actions and measurable impact. B2B sustainability platform: in 2021, LTP Furniture developed a customer portal. The ambition is to provide sustainability information specific to the products such as CO2e emissions on the product lifecycle. Digital audit & document management system: late 2021 LTP Group started the development of a digital document management system for sustainability documentation and quality audits execution and follow-up. The objective of the system is to increase LTP transparency and efficiency for compliance as well as certifications documents and processes. This system will be fully developed by the end of 2022.
LTP Group – all countries LTP Group – all countries LTP Group – all countries LTP Group – all countries
% employees provided e-training on sustainability
50%
% directors onboarded on new sustainability governance model Customers Number of events organised to foster knowledge sharing across players in the industry
100%
3
Number of customers presented 2021 sustainability performance report
20
Product users /consumers Number of new customers to join the transparency web platform called LTP Consciously Crafted
LTP Garment – all countries
5
Business partners % of sourced materials in value providing sustainability information
LTP Group – all countries
50%
LTP Group 2021 Sustainability performance report
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