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 DEFINITION OF SUSTAINABILITY IN 4 AREAS

SUSTAINABILITY LADDER LTP Groups work with sustainability is composed of 4 key areas, illustrated in the below figure. To successful ascend the ladder we have built out a team of sustainability professionals, each with dedicated competencies and responsibilities, all of whom collaborate and work in parallel to achieve our strategic goals.

At LTP Group we visualise our sustainability journey as a 4-step ladder. Notably, we have determined that at each step it is of equal importance to work with sustainability on operational, tactical and strategic levels. We also believe that each of the 4 steps requires continuous improvement over time. Compliance and corporate values is the base of the ladder since it is a foundation which is essential to successfully build sustainability initiatives and monitor risk. It requires continuous work to maintain awareness and knowledge across the organisation. It also must be regularly updated to be aligned with regulatory changes.

Certifications are a useful tool to monitor sustainability progress and challenges in our different locations. It also provides us with continuous expertise from third party organisations specialised in social, OHS and environmental best practices. The Strategic priorities defined by end 2025 are the result of a materiality assessment and are regularly reviewed by the continuous involvement of our stakeholders. Each strategic priority is detailed further in this report where relevant Performance based metrics and targets can be found. These metrics and targets will be followed- up on in the coming years. You can find details about LTP Garment and LTP Furniture certifications and compliance reports in the appendices of this document.

1) B Corp Certification Link

LTP Group 2021 Sustainability performance report

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