Sustainability is a central concern for Latour and is integrated in the company’s investment strategy. Long-term values are created by developing sustainable operations.
Latour has its greatest impact on sustainability by being an active and responsible owner, where all holdings drive their own sustainability programmes. Sixteen people work at Latour’s head office and its holdings employ about 450,000 people worldwide. The head office’s direct sustainability footprint is therefore limited compared to that of the holdings. Through active Board work, Latour is a driving force in, and has high expectations regarding, sustainable development in its holdings.
Long-term values are created by developing sustainable operations and Latour is confident that a commitment across the organisation to the environment and people is essential for Latour and its market to develop in a positive direction. The holdings have different challenges and offer internationally leading products in the fields of energy efficiency, safety, recycling, sustainable construction and workplace health.
“We have an ongoing
sustainability commitment,
first and foremost because
of its importance,
not primarily to comply with
complex and evolving
regulatory requirements.”
Johan Hjertonsson, President and CEO
Johan Hjertonsson, President and CEO
As an investment company with a large number of operations around the world, Latour has the potential to make a difference.
In 2021, Latour has signed the UN Global Compact, and thus commits itself to conducting its activities in accordance with its Ten principles of labour, human rights, anti-corruption and the environment.
In addition, the UN's 17 Sustainability Development Goals (SDGs) have been analyzed on the basis of which Latour as an investment company and active owner is judged to have the greatest positive impact and thus be able to contribute to their achievement. The analysis resulted in the following seven goals.
An important part of the sustainability work relates to efficient processes for managing climate-related risks and opportunities in the operations. During 2021, Latour works with the recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) with the aim of continuing working on these aspects in a structured and integrated manner.
Latour meets the requirements of
- OECD Guidelines for Multinational Enterprises
- The UN Guiding Principles on Business and Human Rights
- The eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work
- The International Bill of Human Rights.
The systematic work aimed at strengthening the Group’s sustainability initiatives has accelerated in recent years. One reason for this, and one of Latour’s strengths, is increased collaboration and networking between the companies.
Latour annually organize Latour Sustainability Day. Panel discussions and presentations were interspersed with group discussions about important sustainability areas. The event is appreciated and consist of participants from all the companies in the Latour Group.
Another important initiative is the Latour Sustainability Forum. This is a network for people within Latour who are working with sustainability and who meet on a regular basis to exchange thoughts and ideas.
– These initatives enables networking and knowledge transfer that accelerates sustainability efforts, which we at Latour want to promote and support, says Ida von Ekensteen, working with sustainability at Latour.
Contact
If you have further questions regarding Sustainability, you are welcome to contact the following persons.
Ida von Ekensteen
Sustainability and Compliance Manager