LPP wins ESG Golden Leaf for the third year in a row

LPP has once again won the ESG Golden Leaf, an award granted for thirteen years now by the editors of “Polityka” to companies implementing the best corporate social responsibility and sustainable development practices and solutions.

This year, for the thirteenth time, the “Polityka” weekly, Deloitte and the Responsible Business Forum have distinguished Polish leaders after assessing their activities in terms of environmental, social and corporate governance. In view of the changes in EU regulations and the evolving approach to corporate social responsibility, the awards have been renamed from CSR Leaves to ESG Leaves.

LPP has been recognised for its consistent efforts to integrate sustainability into the key elements of its business strategy and build lasting relationships with its stakeholders. The explanatory memorandum highlights the company’s compliance with local and global best management practices and the way it reports its operations in non-financial statements. During this year’s edition, the spotlight has been on decarbonisation processes and their compliance with the scientific method; in the case of LPP, this has to do with its accession to the SBTi and the positive assessment of its greenhouse gas reduction targets.

– A year ago, when we won our second Gold Leaf, we emphasised the dynamic changes taking place in the ESG area, including reporting. In 2023, our decarbonisation targets were scientifically verified by the SBTi, and the non-financial report, which provides a robust source of information on our sustainability projects, was drafted for the first time in line with the double materiality approach. We treat this year’s award as recognition of our efforts in going through these processes and, at the same time, as an award for being consistent in implementing our strategy and preparing for the challenges facing global business – says Sławomir Ronkowski, Head of Image Communication and Public Relations at LPP.

This year’s edition included 98 companies. The ESG Gold Leaf has been awarded to just 10 entities, less than half as many as a year ago.

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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 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 2200 stores with the total area of nearly 2 million m2 and distributes clothing and accessories to 3 continents every year. LPP also plays an important role as it employs 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.