LTP Annual Sustainability Performance Report 2021

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HOW WE ANCHOR SUSTAINABILITY

THE JOURNEY TOWARDS OUR 4 SUSTAINABILITY COMMITMENTS

2021 RESULTS

2022 TARGETS

RISK AND COMPLIANCE

OUR COMMITMENT TO DRIVE SUSTAINABLE MANUFACTURING

LTP Group started its sustainability journey several years ago with an initial focus on social and environmental certifications for our factories, the materials used in the manufacturing processes, and packaging for manufactured products. This year we took important steps to further integrate sustainability by developing a new governance model and framework (the sustainability ladder). By establishing a sustainability governance model we make sustainability a topic of strategic importance, on the same level than business matters. We commit to significantly improve LTP Group’s overall sustainability performance and to drive positive change across our industries. We define our vision with two simple words: Consciously Crafted R . Reporting practices are detailed in Appendix 3 of this report.

LTP Group is pleased to present a Sustainability Performance Report for 2021.

It is the first year we chose to separate the annual reporting for sustainability from the annual financial reporting. It enables us to widen the scope of disclosure and provide greater insight into our sustainability performance. The report summarises our 2021 sustainability performance and presents our new defined 2025 sustainability strategy. This strategy is ambitious and integrated into our corporate strategy. This report aims to provide all stakeholders with our objectives, successes and challenges. It will also guide us to stay true to our commitment and influence others to define their own journey towards more sustainable industries.

Consciously crafted is our commitment to drive sustainable manufacturing, with environmental and ethical accountability determining our choices in producing durable, functional, premium products.

LTP Group 2021 Sustainability performance report

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