Sustainability Reporting & disclosure
CSRD COMPLIANT SUSTAINABILITY REPORTING
As a large publicly listed company, Lotus Bakeries belongs to the first group of companies required to report on their sustainability performance in accordance with CSRD. In that sense, this 2024 Annual Report is yet another step in our long-standing tradition of sustainability reporting. If 2023 was the year of our Double Materiality Assessment (DMA), then 2024 was the year we concentrated all our efforts on high-quality data collection. This means that for all our material ESG topics and subtopics, we set up streamlined processes to collect accurate, complete and consistent data throughout 2024
Discover our Sustainability Statements in the 2024 Annual Report of the Lotus Bakeries Group.
UN Global Compact
In March 2021, Lotus Bakeries was accepted as a member of the United Nations Global Compact. As a result, we are committed to upholding the Ten Principles of the United Nations in the areas of human rights, labour, environment and anti-corruption and to ensure they form part of our strategy, culture and daily activities. Our commitment also means that we report on the progress of our efforts to implement the Ten Principles.
Lotus Bakeries I UN Global Compact
United Nations Sustainable Development Goals
Lotus Bakeries uses the Sustainable Development Goals (SDGs) as a framework and guide for determining its sustainability strategy, priorities and action plans. The SDGs were set in 2015 by the United Nations General Assembly. They comprise 17 goals intended to be achieved by 2030. For more information about the SDGs, we refer to the dedicated UN page.
Lotus Bakeries aims to achieve sustainable, profitable growth by providing consumers around the world a diverse range of branded snacks for every occasion. As part of this ambition, we aspire to create value in a sustainable way, not only today, but also for the future generations to come.
To live up to our purpose and deliver on our sustainability strategy, targets and long-term ambition, we focus where we believe we can make a difference and deliver great long-term impact.
The ESG Guiding Principles are driving our ‘Care for Today, Respect for Tomorrow’ programme. The focus areas within this programme directly impact a number of SDGs. The below overview highlights the SDGs our programme is most closely aligned with, being the ones where we believe we can have the biggest impact.
Science Based Target Initiative
Lotus Bakeries has received validation from the Science Based Targets initiative (SBTi) for our net-zero target, aligning with the Paris Agreement's goal of limiting global warming to 1.5°C. This validation underscores our commitment to sustainability and enhances our credibility with customers, investors, and other stakeholders.
For more information on our targets, check the SBTi dashboard.