LPP leads the Corporate Climate Crisis Awareness Study (CCA)
LPP ranked first in this year’s 6th edition of the Corporate Climate Crisis Awareness Study (CCA). The ranking’s authors – the Reporting Standards Foundation, the Association of Listed Companies and Bureau Veritas Polska – underline the significant progress made in climate reporting by Polish listed companies. Among the 163 companies assessed in the study, LPP scored the maximum number of points, excelling in transparency and clearly defined CO2 reduction targets.
The study has reviewed non-financial data from 163 annual reports of companies listed on the Warsaw Stock Exchange, covering the years 2017 to 2023. The methodology comprised 10 key criteria, with the primary focus on assessing the management of climate issues and analysing methods for reporting greenhouse gas (GHG) emissions. This year’s ranking is led ex-aequo by LPP and CCC, both of which scored the maximum 10/10 points.
– Meeting the requirements set by the organisers of the Corporate Climate Crisis Awareness Study is quite a challenge each year. The criteria under consideration are highly precise and varied, encouraging us to strive even harder for transparency and quality of the content presented in the report. We are all the more proud to have scored the maximum number of points and come first in this prestigious ranking. Especially in such a crucial moment for us, when the ambitious emission reduction targets verified by SBTi have proved feasible, and the actions taken translate into a reduced environmental footprint – says Aleksandra Kędziora, senior sustainability officer at LPP.
The study’s authors highlight a noticeable increase in the transparency, detail and aesthetic design of the reports, in particular for the top companies: LPP and CCC. This approach to climate reporting translates into positive feedback from stakeholders and allows content to be far better understood. The ranking leaders are well prepared for the requirements imposed by the EU directive, which is due to take effect from the current reporting year. They have introduced elements of the European Sustainability Reporting Standards (ESRS) in advance, along with sections on waste management and biodiversity, to name but a few. Reports are becoming increasingly clear and readable.
Conducted for the sixth time in Poland, the Corporate Climate Crisis Awareness Study is designed to verify the awareness of large and medium-sized companies regarding their impact on climate change. When made public, the results provide investors, customers and all stakeholders with reliable information about which companies address these issues and the extent to which they integrate them into their governance processes.
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LPP is a Polish family business and one of the fastest growing clothing companies in the region of Central Europe. For 30 years, it has been successfully designing and selling the collections and accessories in Poland and abroad. LPP manages five fashion brands: Reserved, Cropp, House, Mohito, and Sinsay, whose offer is available today in stationary and online stores in 40 markets worldwide. The company has a chain of nearly 2500 stores with the total area of over 2 million m2 and distributes the products to 3 continents every year. LPP also plays an important role as it provides employment to 43 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.