Letter from Executive Management
Successfully navigating the complexities of 2023 among geopolitical and economic turbulence indeed requires resilience and adaptability. Despite these challenges, the enduring importance of sustainable business practices remains a priority for LTP Group. We continuously enhance our sustainability approach to effectively manage the environmental and social impacts throughout our value chain, while also addressing the needs of our stakeholders. LTP Group will continue to drive positive social and environmental change in the areas where we operate. This commitment aligns with our acknowledgment of the textile industry's significant environmental impact. Our sustainability report for 2023 remains consistent with the materiality assessment we conducted in 2021. The format of our ESG reporting will evolve as we adapt to the EU Corporate Sustainability Reporting Directive (CSRD) coming into effect. We strive to provide our stakeholders with comprehensive financial and non-financial information that adds value and nurtures trust.
Jeannett Hvidkjær
Henrik Holmgaard Olsson
Rasmus Helt Poulsen
However, we recognize that achieving our sustainability goals requires collaboration. Engagement from employees, customers, suppliers, and business partners is essential. Central to our strategy is our unwavering dedication to sound governance and integrity. We recognize that trust forms the cornerstone of our connections with stakeholders, employees, customers, and communities. We persist in strengthening and maintaining stringent ethical standards, transparent business practices, and anti-corruption approaches across every facet of our activities. Materials are the largest contributor to environmental impact in our value chain, and while material sourcing is largely influenced by customer preferences, we take responsibility by ensuring transparency in data for customers to make informed decisions towards more sustainable solutions. Together, through partnership, we aim to address sustainability challenges and drive positive change in the textile industry and beyond.
This year we progressed on our sustainability journey and are pleased to be able to present improvements in most of our ESG areas within our 4 commitments: Unlock transparency, Fight for Climate, Care for People and Governance Responsible Business Conduct.
We want to thank all our colleagues, customers and partners for their efforts. There is still a lot to do, but with the progress so far, we are confident that together we will play a key role in advancing the sustainability goals.
We invite you to explore our report and learn more about our achievements across ESG in 2023.
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