Lucanet published its first ESG report: Let´s forge a sustainable future

Lucanet today published its first annual Environmental, Social, and Governance (ESG) report, highlighting its progress and ongoing commitment to ESG.

ESG criteria focuses on:

• (E)nvironmental: How does an organization interact with the environment?
• (S)ocial: How does an organization interact with society?
• (G)overnance: How does an organization comply with laws and regulations?

 

ESG principles are at the heart of Lucanet's business approach and are an integral part of its corporate strategy, driving its decisions and actions. Lucanet has made substantial progress in integrating ESG principles further into its operations. Now it´s time to share the results of its efforts and the outcomes of last year's Materiality Assessment.

 

Learn more about Lucanet's ESG strategy:

Download the 2023 ESG Report

 

Eight key topics at Lucanet

Lucanet recently conducted its first Materiality Assessment – a structured multi-stakeholder engagement process that allowed the company to identify the most material ESG topics for its internal and external stakeholders. Over the course of a few months, a diverse range of stakeholders were engaged to obtain a holistic view, including:

• Employees
• Investors
• Senior leadership and board members
• Key customers
• Key partners

 

During the process, approximately 15 interviews were conducted with key stakeholders, and an employee survey sent out which received over 160 responses.

Lucanet then utilized the valuable insights from its ESG materiality assessment to develop its ESG strategy. For each material area, it conducted a comprehensive assessment of its current state, including identifying the metrics the company tracks, targets that Lucanet sets, and initiatives underway. Peer benchmarking allowed the company to further align its metrics, targets and initiatives with industry practices.

The assessment highlighted eight key ESG topics as highly important for Lucanet. From these eight topics, the following areas emerged as critical pillars for Lucanet's business and its stakeholders:

• Climate & Energy
• Diversity & Inclusion (D&I)
• Cybersecurity
• Attracting & Engaging Talent

 

Within these pillars, Lucanet holds itself highly accountable for these areas. The company believes that ESG initiatives are vital to long-term value creation. By focusing on the ESG performance, Lucanet aims to ensure a more sustainable and resilient future for the entire organization with employees and customers, the communities in which Lucanet operates, and the environment.

Continuous improvement and progress

Lucanet recognizes that the ESG journey is an ongoing one: The company remains steadfast in its commitment and regularly monitors its progress. Through innovation, collaboration and knowledge sharing, Lucanet aims to drive positive change, seize new opportunities, and mitigate the risks that arise in a rapidly changing world.

 

"Together with our team, we evolve and thrive together, aiming for success beyond financial performance. I would like to extend my heartfelt gratitude to our dedicated employees. As Lucanet's CEO, I am proud of our efforts and achievements that drive positive change. The support and feedback from our stakeholders have also been invaluable in guiding us on this path of transformation. For that I am immensely grateful."

Dominik Duchon

CEO at Lucanet Group

 

About this report

Lucanet’s Environmental, Social, and Governance (ESG) Report details its commitments, programs, and performance on ESG priorities. All information reflects Lucanet’s worldwide operations, covering calendar year 2022, unless otherwise noted. The Report has been prepared in reference to the Global Reporting Initiative (GRI) Standards. Lucanet´s Greenhouse Gas (GHG) Emissions inventory and renewable energy use data were independently verified by Normative.