LTP Annual Sustainability Performance Report 2023

Waste Management

We are dedicated to reducing production waste wherever possible. One illustration of this commitment is evident in our Garment Division, where we create our own cutting files for fabrics. This practice enables us to maximize fabric utilization, thereby conserving resources and minimizing waste. Similarly, in our Furniture Division's foam factory, we optimize cutting profiles to reduce waste. Additionally, any cut-offs generated in the process can be recycled as pillow filling, further contributing to our waste reduction efforts. At all our production sites, we prioritize to move waste up the waste hierarchy where possible. However, it is important to acknowledge that recycling opportunities for fabrics are currently limited globally, and therefore in the countries where we operate.

In 2024, we plan to launch waste campaigns at all sites. Internally, our focus will be on implementing onsite sorting measures to facilitate the recycling of pure waste fractions. Externally, we aim to engage with customers and waste collectors to enhance the upcycling of more of waste materials. Only limited amounts of hazardous waste are generated. Most of it is related to gluing processes in the Furniture Division, as glue contaminated material is characterized as hazardous waste. While use of glue processes can enhance the visual appearance of products, they pose challenges from a recyclability standpoint. Gluing makes disassembly and refurbishment during the product’s lifecycle difficult, particularly impacting end-of-life disassembly efforts. To address this issue, LTP Group frequently collaborates with customers on development projects aimed at designing products for disassembly.

2030 Target

2030 Target

0 % hazardous waste

Waste generation 2022

Waste generation 2023

45 %

Waste generation 2023

Waste generation 2022

53 % Incineration

53 %

1.7 %

2 %

98 %

55 %

98 %

55 % Incineration

20 % Landfill

20 %

26 %

LTP Furniture commissioning part of a new 20,000 m2 solar park near Radviliškis, Lithuania

LTP Furniture commissioning part of a new 20,000 m2 solar park near Radviliškis, Lithuania

98.3 %

98.3 %

21 %

25 %

25 % Recovery / Recycling

21 % Recovery / Recycling

26 % Landfill

1117 metric tonnes

Non-hazardous waste

Hazardous waste

2030 Target

1164 metric tonnes

2030 Target

50 %

5 %

27

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