LTP Annual Sustainability Performance Report 2023

GHG Emissions

Regarding the reduction in our scope 2 emissions, this can be attributed to two distinct factors. Firstly, in 2023, we acquired GO’s to cover some of our electricity used at our main Furniture production site. This led to a significant improvement in the proportion of renewable electricity used, increasing from 1.8 % to 12.5 %. Secondly, from 2022 to 2023, there was a decrease in the CO2 emissions factors in the countries where our production sites are located, resulting in a natural reduction in our CO2 emissions from electricity usage. During 2024 we will establish a scope 3 inventory enabling us to reduce our CO2 emissions up- and downstream in our value chain. We expect our Scope 3 emissions to cover more than 95 % of our total CO2 emissions.

Green House Gas Emissions

Unit

2022

2023

%

Scope 1 GHG emissions

Gross Scope 1 GHG emissions

tCO2e

621

521

-16

Scope 2 GHG emissions

Gross location-based Scope 2 GHG emissions

tCO2e

1,654

1,203

-27

Gross market-based Scope 2 GHG emissions

tCO2e

2,115

1,488

-30

Share of renewable electricity

Total GHG emissions

2030 Target: 100 %

1.8 %

Total GHG emissions (location-based)

renewable electricity

12.5 %

tCO2e

2,275

1,723

-24

Total GHG emissions (market-based)

tCO2e

2,736

2,009

-27

5,294 MWh

4,569 MWh

81,6

Most of our production sites rely on heating powered by either natural gas or LPG gas. The decrease in scope 1 emissions observed from 2022 to 2023 can be attributed to the transition from natural gas to electricity for heating purposes.

2022

2023

Renewable electricity

Non-renewable electricity

24

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