As part of Grupo Lamosa’s commitment to sustainability and to all its stakeholders, the company strategically manages its most relevant Environmental, Social and Governance (ESG) aspects, always adhering to a culture of compliance and guided by the ethical values that give the company its identity.
These priorities were identified through an initial materiality analysis carried out in 2021, and are reflected in the company’s sustainability model and strategy. The cooperation and efforts of all the work areas that make up Grupo Lamosa have led to a significant consolidation of this strategy.
During 2022, different initiatives were implemented and new actions gradually integrated in response to the strategy. These will be continuously monitored and adjusted, thus underpinning the company’s firm commitment to become increasingly sustainable. To this end, Grupo Lamosa is currently working on the creation of a Sustainability Committee with accountability to the Board of Directors to enable the timely monitoring of the performance of the different areas.
Additionally, the company is in the process of defining relevant objectives and indicators. In subsequent reports, Grupo Lamosa will analyze them in greater depth, thus enhancing transparency and its accountability to the different stakeholders.
Grupo Lamosa’s strategic sustainability model is presented below. It has five main focuses: Business integrity and robustness; Customer focus; Driving talent; Product innovation, quality and safety; and Environmental management: circularity and climate action.
SUSTAINABLE DEVELOPMENT GOALS (SDGs) RELATED TO THE STRATEGY
LINES OF ACTION
1.1 Corporate governance
1.2 Culture of compliance
1.3 Supply chain
2.1 Sustainable housing
2.2 Customer experience
3.1 Health and safety
3.2 Employee development
3.3 Work environment
3.4 Community support
4.1 Materials and technology
5.1 Climate action: energy and emissions
5.2 Circularity: water and waste
Each of these focal points results in diverse lines of action, which are materialized through different initiatives and contribute to the specific Sustainable Development Goals.
| FocUS | PURPOSE | RELATION WITH MATERIAL TOPICS |
|---|---|---|
| 1. Business integrity and robustness | Ensure the company’s sustainability through decisions that consider a comprehensive medium- and long-term value proposition for all stakeholders, by promoting ethical practices and a culture of compliance that permeates all levels of the organization, including the supply chain. | Economic performance Supply chain |
| 2. Customer focus | Improve the quality of life of customers by offering products which are adapted to their needs and which also contribute to making home/work centers more sustainable (using fewer energy resources, for example). | Customer service Digital transformation Omni-channel and distributor relations Data protection |
| 3. Driving talent | Guarantee the safety, health and well-being of our employees, promoting their professional and personal development, creating teams that operate in a positive work environment based on trust, and encouraging them to participate in the development of our communities as part of our responsibility as a good neighbor. | Employee health and safety Talent attraction and retention Work environment Diversity and inclusion in the workforce |
| 4. Product innovation, quality and safety | Offer products that meet the highest quality standards, guaranteeing customer safety and product durability, and making use of technology for process efficiency and product portfolio innovation. | Managing product chemicals Product innovation Product quality Operating process automation and efficiency |
| 5. Environmental management: circularity and climate action | Optimize energy use and reduce GHG emissions, lowering the environmental impact, and work under circularity criteria in the design of processes, products and services, minimizing waste generation. | Energy management Product lifecycles |
Appendix 1.1 shows the materiality process, Appendix 1.2 the stakeholders that are a priority for the organization and Appendix 1.3 specific contributions to the Sustainable Development Goals (SDGs).