LTP Annual Sustainability Performance Report 2021

8

HOW WE ANCHOR SUSTAINABILITY

THE JOURNEY TOWARDS OUR 4 SUSTAINABILITY COMMITMENTS

2021 RESULTS

2022 TARGETS

RISK AND COMPLIANCE

OUR 4 SUSTAINABILITY COMMITMENTS BY END 2025

As a manufacturer for multiple garment and furniture brands, LTP takes the responsibility to collaborate with brands and suppliers on materials substitution, product development and innovation for design for durability and design for disassembly. We will promote knowledge sharing and sustainability standards to drive industry transformations. We also commit to minimise production waste and optimise recycling of waste.

It is essential for LTP to provide opportunities for our employees to develop their skills and continuously improve working, social and living conditions. We are committed to assure we have a high work safety on all factories. No one must get hurt on our shift. We also commit to involve business partners to meet high social industry standards for their own employees.

Given the urgency of the climate change situation we will invest in renewable energy and tree planting locally and we will aim to reach emission reduction targets in alignment with the Science-based Target Initiative 1). We also commit to share the carbon footprint of our product's full lifecycle.

LTP Group 2021 Sustainability performance report

Note: 1) SBTi is the most ambitious corporate climate action framework for setting carbon equivalent reduction target

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