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Managing sustainability

Luotea’s goal is to incorporate sustainability into all its operations. Corporate responsibility is embedded in the company’s strategy and reflected in all activities and performance indicators. Luotea has identified the key sustainability themes related to its operations through a double materiality assessment. The Luotea's Board of Directors approves the sustainability program in connection with the strategy and sets the company’s long-term targets.

Our goal is for the sustainability management model to support the management and implementation of the sustainability programme and increasingly integrate sustainability into the company’s management system.

Factors that guide our sustainability work

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Management system
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Double materiality analysis
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Stakeholder engagement
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Activities in organisations
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Sustainability commitments and assessments

Guiding principles

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We comply with laws and regulations

Our decision-making and administration are compliant with the Finnish Companies Act, other regulations governing listed companies, Articles of Association of Luotea plc, charter of Luotea’s Board of Directors and its committees and the rules and guidelines of Nasdaq Helsinki Ltd.

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We commit to ethical practices

To ensure the sustainability of our operations, we have documented our sustainable business principles in our Code of Conduct, which applies to everyone at Luotea as well as our contract suppliers. Where necessary, the Code of Conduct is also supplemented with more detailed policies and principles.

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We manage risks related to sustainability

The management of liability-related risks is part of the company's comprehensive risk management, the goal of which is to identify significant risk factors, prepare for them and manage them optimally so that the company's goals are achieved.

Corporate sustainability management at different organisational levels at Luotea

  • Board of Directors

    Confirms and approves the sustainability programme and long-term objectives.

  • Committees

    Personal and sustainability Committee monitors and regularly evaluates the development of sustainability in accordance with the sustainability programme. 

    Audit Committee monitors the effectiveness of risk management systems and ensures compliance. 

  • President and CEO & Group Executive Board

    Manages the development of the sustainability of business operations, sets targets and monitors their achievement on a regular basis.

  • Business operations

    Implement the sustainability program and monitors its implementation with the support of the Group functions.

  • Group functions

    Develop, coordinate and steer the Group's approach to sustainability and support its practical implementation.

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Do you have something to ask about Luotea's sustainability?

If you have any questions about Luotea's sustainability work, please contact us. We are happy to help.