LTP Annual Sustainability Performance Report 2023

Governance

The oversight of sustainability within LTP Group is firmly rooted in our Board of Directors. With the introduction of new EU legislation on sustainability reporting, the mandate of boards and audit committees is expanding to include Environmental, Social, and Governance (ESG) matters. The Board of Directors play a pivotal role in fostering robust corporate governance and policies, by actively engaging in oversight of risks, internal controls, corporate reporting, and audit functions. Empowered by the Board of Directors, the sustainability Steering Committee, comprising executive management and the Director of Sustainability & Compliance, establishes strategic direction and priorities, overseeing the integration and execution of the Sustainability strategy. The sustainability Steering Committee is responsible for approving policies and action plans. The Sustainability Management Committee represented by key-stakeholders, is tasked with developing, anchoring, and executing policies, targets and action plans. They closely monitor progress and address potential challenges, ensuring that each member comprehends and contribute to sustainability impacts. By providing insight into local conditions and posing pertinent questions, they ensure organizational preparedness.

LTP Furniture Production

Board of Directors

Steering Committee

Management Committee

Audit & Certifications Committee

Members of the Sustainability Audit & Certifications Committee support customer audits and maintain sustainability certifications in close collaboration with stakeholders at certified and/or audited sites.

10

Powered by