Sustainability
BUILDING A SUSTAINABLE FUTURE
SUSTAINABILITY AT LAMTEC
Common-sense practices like reducing waste, conserving energy, and promoting resource efficiency have always been part of Lamtec's business model. By creatively applying technological advancements in materials and investing in our infrastructure, we are focused on attaining our sustainability goals.
We've recently expanded our sustainability initiatives by setting ambitious goals and staying focused on meaningful progress. Our strategy is built on three key pillars:
Carbon Footprint Reduction: We are actively working to minimize our carbon footprint and reduce emissions across our manufacturing processes. We are targeting a 25% overall GHG reduction by 2030 and a 75% reduction in Scope 1 and 2 GHG emissions by 2026.
Waste Reduction: We aim to maximize production efficiency and minimize packaging waste through supplier and customer collaborative initiatives. We are committed to a 50% reduction of our landfill waste by 2030.
Collaboration with Key Stakeholders: Sustainability is a shared responsibility. We partner closely with suppliers, customers, and other stakeholders to foster responsible practices throughout our supply chain.
ENVIRONMENTAL AND SUSTAINABILITY POLICY
As reflected in Lamtec's Business Code of Conduct, Lamtec is committed to environmental sustainability and ensuring that we minimize our impact to the environment. Lamtec regularly engages with key stakeholders to identify and update environmental and sustainability impact categories related to the business, and promotes environmental awareness throughout all levels of the organization.
Lamtec's environmental and sustainability efforts are centered around the following initiatives:
1
Resource Efficiency:
We prioritize reducing consumption of energy in our operations and using the minimum raw materials necessary to meet customer requirements. By adopting renewable energy sources and improving process efficiency, we aim to minimize our environmental footprint.
2
Waste Management:
We are dedicated to advancing the principles of a circular economy. This includes reducing waste, promoting recycling, and designing products that by their nature resist degradation and have a long lifespan.
3
Sustainable Sourcing:
We ensure that the materials we use are sourced responsibly and ethically. By collaborating with suppliers who share our values, we are developing a supply chain that produces sustainable products using sustainable processes.
4
Innovation for Sustainability:
We invest in research and development to create innovative solutions that enhance the environmental performance of our products. By incorporating sustainable materials and processes into our products, we are continuously working towards reducing our overall impact.
5
Transparency and Accountability:
We are committed to openly sharing our sustainability goals and progress with stakeholders. Our company fosters a culture of accountability, setting measurable objectives and regularly reporting on our environmental performance.
THE BUILDING BLOCKS OF PROGRESS
Improving sustainability performance is an ongoing process, and Lamtec initiated its efforts decades ago. Our initiatives continue to advance, with a focus on future strategic developments.
DRIVING PROGRESS—SUSTAINABILITY SUCCESS STORIES
Sustainability advancements require collaboration and partnership with suppliers, customers, industry associations, and industrial partners. Lamtec is pleased to highlight key achievements as we work toward enhanced sustainability.