LPP among the best ESG reporting companies

The 17th edition of the Sustainability Reports Competition awards were granted at the headquarters of the Warsaw Stock Exchange. LPP’s report was recognised out of 86 publications submitted.

The Sustainability Reports competition has been organised for seventeen years by the Responsible Business Forum and Deloitte Poland. The aim of the initiative is to promote and disseminate the idea of responsible business, sustainable development, environmental protection, and social involvement among companies and organisations preparing reports on their achievements in this regard.

Eighty-six reports were submitted for this year’s edition and evaluated by a group of experts in the fields of ESG, responsible business, and sustainable finance. Awards were given in four categories: debut, non-business organisation report, integrated report, and sustainability report. It was in the very last category that the Gdańsk-based company received the distinction.

Among other things, the LPP report was recognised for providing a description of the company’s extensive activities in cooperating with NGOs and start-ups with a view to implementing circular models. The jury also focused on the presentation of the stakeholder dialogue process and the definition of reduction targets based on SBTi. The confirmation of the report’s viability by external verification was not without significance.

– LPP has been reporting on its achievements in the area of sustainability for several years now. We are pleased that, despite the growing expectations of external stakeholders, the high quality of our publication has once again been recognised. This is particularly motivating for us in view of the upcoming changes in reporting. The new legal regulations in this area will, on the one hand, significantly increase the number of entities that will be obliged to publish this type of report, but will also broaden the scope of published information. We are already strongly focusing on these challenges in order to be best prepared to report according to the new EU standards – comments Patrycja Zbytniewska, social policy and non-financial reporting leader at LPP, president of the LPP Foundation.

This is the second award for non-financial reporting received by LPP recently. In the annual competition organised by the Institute of Accountancy and Taxes, the Best Annual Report, the Gdańsk-based company won the Special Award for its corporate sustainability report.

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LPP is a Polish family business and one of the fastest growing clothing companies in the region of Central and Eastern Europe. For 30 years, it has been successfully operating in Poland and abroad, offering its collections in such prestigious capitals as London, Helsinki or Tel Aviv. LPP manages five fashion brands: Reserved, Cropp, House, Mohito, and Sinsay, whose offer is available today in stationary and online stores in nearly 40 markets worldwide. The company has a chain of over 2000 stores with the total area of 1.7 million m2 and distributes clothing and accessories to 3 continents every year. LPP also plays an important role as it employs nearly 30 thousand people in its offices and sales structures in Poland, Europe, Asia, and Africa. The company is listed on the Warsaw Stock Exchange in the WIG20 index and belongs to the prestigious MSCI Poland index.