ENGAGING OUR STAKEHOLDERS
FOCUS
Injuries & accidents
14
Occupational health
15
2
16 17
18
Fair working conditions
3
16
20
8
13
1
14
11 12
Fair wages & benefits
17
4
19
15
5
9
Recycled, recyclable & durable material sourcing
7
1
6
10G
Sustainable product development & innovation for Design for Circularity* Production waste management & disposal Renewable energy sourcing (electricity & heating) Energy efficiency (electricity & heating)
2
11F
For each of the four commitments the underlying sustainability priorities were identified together with their related 2022 actions. In 2022 LTP Group moved from mapping to execution on the four sustainable commitments. The sustainability agenda is constantly changing, and it is essential to keep the priorities up to date. In 2023 a new double materiality assessment will be conducted, which will prioritise sustainability activities based on impact on the environment and at the same time the financial impact of the environment and society have on the LTP Group business.
In 2021, LTP Group conducted a materiality assessment to identify the most important sustainability topics for the business and to address the relevant actions and targets for the stakeholders. 80 stakeholders and formed the foundation for our 2025 sustainability strategy. LTP Group stakeholders are employees, management team, members of the board of directors, suppliers, customers, industry experts and representatives of the civil society. The assessment engaged with The outcome of the collective input gave nine sustainability priorities which were grouped into four distinct areas. These four areas became the four sustainability commitments. The four commitments describe the sustainability priorities towards 2025 and the specific initiatives committed to.
3
Immaterial aspects
4
5
Low (1-4)
Moderate (4-7)
High (7-10)
Business interest
LTP Group 9 material topics
Relevant UN SDGs*
Sustainability commitments
Injuries & accidents
14
Occupational health
15
Fair working conditions
16
Fair wages & benefits
17
CARE FOR PEOPLE
Recycled, recyclable & durable material sourcing
1
Sustainable product development & innovation for Design for Circularity* Production waste management & disposal
2
EMBRACE DURABILITY & CIRCULARITY
3
Renewable energy sourcing (electricity & heating) Energy efficiency (electricity & heating)
4
5
FIGHT FOR CLIMATE
10
*) Identified by looking at overlaps at the target level based on the GRI UN SDGs linkage resource
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