Sustainability
Sustainability is part of the LSG Group’s DNA and an integral part of our business strategy and corporate culture. The focus topics and targets were selected in consideration of the areas where the
LSG Group can contribute the most to a sustainable future. Consequently, we are doing good for People, Planet and Prosperity.
The LSG Group identified its material topics form the dimensions of People, Planet and Prosperity, which are central to our business. For each material topic, the Group defined a strategic target for 2030 that is currently being translated into short-, mid- and long-term goals. This prioritization of topics provides the structure and foundation for concrete steps & projects that will make the integration of sustainability in our organizational DNA tangible.
Our Sustainability Journey
After being the first company in our industry to track environmental data in 1994, introduce an environmental policy in 2008 and publish several documents of our environmental activities over the past decade, we see it as our responsibility to continue and broaden our sustainability approach by holistically considering the three dimensions of sustainability. Our approach bears in mind the United Nations 2030 Agenda for Sustainable Development.
Every country we operate in has its unique concerns. That is why the global Sustainability Team always works closely with the regional teams to define and set regional targets that suit their context. By connecting local with global, we better understand the individual needs of our relevant stakeholders.
ESG and Our Three Dimensions
Environmental Social and Governance (ESG) serve as a guideline for organizations to evaluate their sustainability performance; it is also used as a measuring tool to document and maintain accountability. Based on the ESG guidelines, the LSG Group introduced the three dimensions of People, Planet, and Prosperity, which are the foundations of our sustainability strategy.
Our material topics and the SGDs
In January 2020, the Sustainability Team included a broad variety of stakeholders to define the LSG Group ́s material topics form the dimensions of People, Planet and Prosperity. These material topics were identified in a materiality assessment and are central to our business. For each material topic, the Group defined a strategic target for 2030 that is translated into short-, mid- and long-term goals. This prioritization of topics provides structure and the foundation for concrete steps that will make the integration of sustainability in our organization tangible.
The LSG Group commits to all and prioritizes six of the United Nations Sustainable Development Goals (UNSDGs). The SDGs were identified based on our material topics as well as input from all regions and functions, thus reflecting the ethos and practices of our employees.
Good Health & Well-being
The LSG Group recognizes that good health is not limited to physical well-being, but our mental and emotional state too.
Gender Equality
Based on the company’s five dimensions of diversity, the company strives to provide equitable access to opportunities for all employees.
Decent Work & Economic Growth
To consistently provide quality, the future viability of the LSG Group is crucial. That is why the LSG Group continues to seek new business opportunities while never compromising the working conditions of our people.
Responsible consumption and production
Through a double-pronged approach of training its employees while adopting responsible production methods, the LSG Group can support our customers’ sustainability journey.
Climate action
This SDG forms the basis for the LSG Group’s Planet pillar, with many local initiatives across its worldwide network advancing this goal.
Partnerships for the goals
When it comes to sustainability, a well-known adage holds true: people are stronger together. Using our extensive network, we connect with experts to further our progress.
The EcoVadis Assessment
In 2022, EcoVadis awarded the LSG Group with ‘bronze status’ on their sustainability rating index in the category of food and beverage service activities. Compared to the previous reporting period in 2018, the overall score in 2022 increased and now stands at 48 out of 100 points. This puts the LSG Group in the top 47% percentile of companies rated in 2022. You can find the full report here.
The EcoVadis ratings are based on a comprehensive assessment of the companies’ sustainability operations, including verified, public information about supply chain practices. EcoVadis also carries out a 360° screening of the assessed companies based on information and data in the media and other public sources. The ratings cover a wide range of non-financial management systems, including environmental impact, labor and human rights, ethics, and sustainable procurement. Each company is evaluated on the subjects that are specifically relevant to its size, location, and industry.
