FIGHT FOR CLIMATE
Renewable energy sourcing Production sites in Lithuania were all supplied by 100% energy with green certificates and from own solar panels at one of our locations. Renewable energy sources certificates are provided by our electricity providers in Lithuania, stating that all electricity comes from renewable sources. The certificates do not disclose registered production site of the renewable energy, likewise it is not transparent if the amount of renewable electricity stated on the certificate is cancelled, so that the value of the certificate can be used for disclosure of renewable energy origin to LTP Group as the final customer. In 2023 we will dive into this dilemma, while we also proceed towards entering further Power Purchase Agreements (PPA’s) to cover our future electricity use. For 2023 the Kaunas site in Lithuania will not be provided with green certificate as a change of the power connection to another public grid is needed. In 2022 a PPA were signed for 1 GWh for a solar cell park in Lithuania, equivalent to 22% of LTP Groups global electricity consumption in 2022. The park is expected to be ready by the end of 2023. The Vietnamese factory accounts for 39% of the total electricity consumption, and although many efforts are made to find good solutions with PPA agreements, it has not been successful. LTP Group will continue the efforts to locate feasible renewable energy projects. Two production sites were upgraded in 2022 and installed
100% Track 2: Renewable sources: In Spring 2022 LTP Group signed up for a Power Purchase Agreement for 1 GWh renewable energy supply from solar- cells. The park is expected to be finished in autumn 2023. This will cover approximately 22% of LTP Groups electricity consumption. 100% A total of seven company vehicles were added fulfilling LTP Groups new established requirements of max 152 gram of C02/km. All production lines in Mexico and facilities in Kaunas, Lithuania, were installed with LED lightning. Existing lightning in one of the furniture facilities in Kedainiai was replaced with LED lighting, and sensors were added in all locations where possible. More than 80% of lightning across all facilities is LED based. Scope 1 & 2 Impact reduction from Scope 1 & 2 is divided into two tracks. Actions and impact from the two tracks are described below. Track 1: Reduce In Lithuania two production sites were remodeled as heat pumps were installed to replace natural gas sources.
100% CO2 reporting by GHG Mapping and scoping the CO2 emissions using the Greenhouse Gas Emission Protocol Accounting Standards (GHG), has been the main focus during 2022. The mapping will result in a new reporting structure and baseline for the 2023 sustainability report. The GHG protocol consists of three scopes of which the efforts were focused on Scope 1 & 2 emissions. Scope 1 & 2 are the direct greenhouse gas emissions from sources that are owned or controlled by LTP. A methodology to measure and collect data for Scope 3 emissions was also initiated, which is related to non-controlled processes from materials used in production and their inbound transportation. 87% ILED lights as well as light sensors to reduce emissions. In Lithuania, all newly installed heating systems are heat pumps that run on green-sourced electricity in order to reduce the consumption of natural gas. Cars In line with LTP Group's car emission policy, the first hybrid car was added to the fleet. Further increase in the use of electric cars in Lithuania is anticipated in the coming years, and as a result, the plan is to install electric charging stations at the factories in 2023. This initiative is a part of the commitment to reducing our carbon footprint and promoting sustainable transportation.
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