LPP with ESG Innovator 2023 awards
LPP received two awards in the ESG Innovator 2023 competition. The award committee recognised the joint project of the Gdańsk-based company and the start-up Use Waste in the field of developing technology for recycling polyester textiles. The company’s overall ESG activities were also recognised.
The ESG Innovator competition is organised by the Polish Association of ESG Leaders. The main objective is to promote best practices in the field of ESG, CSR and sustainable development. The award committee recognises projects that have a positive impact on the environment, employees and local communities and that improve transparency and corporate governance in organisations. This year’s edition featured 141 projects, which were evaluated in two rounds. After an initial pre-selection by representatives of consulting companies and law firms, 10 practices were selected for each category. The winners were selected by an award committee made up of business and science representatives as well as experts related to the ESG field.
LPP received the Gold Award in the category ‘E – Innovation in the environment area’ for its polyester textile recycling technology project, which will allow used clothes to be reused as a raw material for new fibres. The award was collected on behalf of the Gdańsk-based company by Ewa Janczukowicz-Cichosz, an expert on sustainable development, and the directors of the start-up Use Waste, with which LPP is collaborating on this project – Adam Hańderek and Robert Kukułowicz.
– – The award committee recognised the potential and purpose of activities in an area that is currently one of the fashion industry’s biggest challenges. ESG Innovator – this title sounds lofty, but above all, it is a good reflection of the nature of our project, which is influencing the way we think about textile waste by turning it into a valuable resource. With the Use Waste start-up, we are moving towards textile-to-textile polyester recycling. This process is the missing link of the circular fashion industry, but it is also important that one of the goals is to make this technology fully scalable and economically viable – emphasises Ewa Janczukowicz-Cichosz, sustainability expert at LPP.
At this year’s gala, awards were presented in five categories: E – Innovation in the environment area, S – Innovation in the social area, G – Innovation in the corporate governance area, Start-up and ESG Visionary.
It is also the competition’s tradition to announce the winner of the PAIH President’s Award, which this year went to LPP for its consistent ESG activities. The reasoning highlighted that ‘the company not only defines standards in the fashion industry, but also inspires others through its commitment to the environment, community support and ethical corporate governance. Its innovative approach and commitment to breaking boundaries make it an important model to follow’.
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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 1.9 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.