Stakeholder Engagement
LTP Group stakeholders are, among others, employees, management, Board of Directors, suppliers, customers, industry associations, certification bodies, industry experts and authorities. We include stakeholder feedback in our work on materiality, strategy, target setting and reporting. Engagement with our key stakeholders takes place in our daily operations and in formalized settings. The outcome of the stakeholder engagement has given us nine priorities which is coupled into our 4 commitments.
LTP Group 9 material topics
Relevant UN SDGs*
Sustainability commitments
Injuries & accidents
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Occupational health
15
Fair working conditions
16
CARE FOR PEOPLE
Fair wages & benefits
17
Recycled, recyclable & durable material sourcing
In 2023 we engaged stakeholders across the following key areas:
1
Sustainable product development & innovation for Design for Circularity* Production waste management & disposal
2
EMBRACE DURABILITY & CIRCULARITY
Addressing climate change is a key priority for LTP, and we are taking proactive steps to mitigate our environmental impact. One significant aspect of our approach involves entering into Power Purchase Agreements (PPAs) to transition towards renewable energy sources. By partnering with renewable energy providers, we aim to reduce our carbon footprint and contribute to a more sustainable future. To further our commitment to carbon reduction, we have implemented a carbon calculator tool within our Furniture Division. This tool allows us to measure and monitor carbon emissions from manufactured products. By understanding the carbon footprint of products , we can identify areas for improvement and implement targeted strategies to minimize carbon emissions. Transparency is integral to our sustainability efforts, and we are committed to fostering open communication with our customers and stakeholders. Our sustainability reporting processes enable us to share information on our sustainability initiatives, performance, and goals with customers and stakeholders. Through collaborative efforts, we aim to drive positive change throughout our supply chain and uphold the highest standards of ethical and sustainable practices.
3
Renewable energy sourcing (electricity & heating) Energy efficiency (electricity & heating)
4
5
FIGHT FOR CLIMATE
*) Identified by looking at overlaps at the target level based on the GRI UN SDGs linkage resource
Policies Our Global Code of Conduct is the foundation of our commitment to ethical excellence and provides the guidelines defining how we do business the right and responsible way. Our Sustainability Engagement Policy describes our commitments and continuous improvement focus within climate & environment, human & labor rights and anti-corruption.
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