In the wholly-owned businesses, Latour works as an active owner, stipulating demands and providing support. Sustainability issues are of great importance to the companies and activities are carried out on an ongoing basis that advance the companies' positions in the area.
Latour has a number of central policies, frameworks and sustainability targets that serve as minimum sustainability requirements across all business areas. Sustainability shall be a recurring item on the agenda at all board meetings, all companies shall conduct a stakeholder and materiality analysis, as well as to anchor Latour’s central KPIs and add individual, relevant key ratios and associated goals. The common, central KPIs are reported to Latour quarterly for compilation and analysis.
Sustainability is a key part of the companies’ strategies and risk analyses. All group-wide policies and steering documents are communicated to the managements of the relevant business areas. Latour’s participation in the business areas’ boards of directors ensures that the companies will draw up their own, more detailed and relevant policies and guidelines, and then work according to these.
The sustainability work is reported from three different perspectives (see illustration). All key performance indicators are a compilation of data from the Group’s seven business areas, and from the parent company.
One key focus area is climate action. All holdings are required to set science-based climate targets in accordance with the Science Based Targets initiative (SBTi). This represents an important step in Latour’s ambition to ensure that its entire portfolio contributes to limiting global warming in accordance with the Paris Agreement.
The work related to SBTi forms an integral part of Latour’s sustainability strategy and serves as a key driver of long-term value creation. By establishing science-based targets, Latour enables its companies to adopt clear and credible roadmaps for emissions reduction, strengthen competitiveness and meet increasing demands from customers, investors and regulatory frameworks.
ENERGY CONSUMPTION
An annual relative decrease in energy consumption of at least 5 per cent in relation to net sales.
Energy Mix
By 2030 at the least, all operations should only be using renewable electricity.
Science Based Target Initiative
All holdings shall commit to SBTi with validated climate reduction targets.
EMPLOYEE TURNOVER
Employee turnover is monitored continuously and serves as an indicator of well being, stability and corporate culture.
gender ratio
All Boards of Directors must comprise 40–60% women by 2030 at the latest. All management teams and salary-setting managers must comprise 40–60% women by 2040 at the latest.
WORKPLACE ACCIDENTS
Latour has a vision of zero accidents at work. This key ratio measures workplace accidents that have led to at least one day´s sick leave.
ENVIRONMENTALLY CERTIFIED
All production sites must be environmentally certified.
WORKPLACE INCIDENTS
Report everything and work proactively. It is important to pick up on incidents to prevent future accidents from occuring.
CODE OF CONDUCT
All operations must implement Latour’s Code of Conduct, or develop their own code of conduct internally.
Reduced climate impact in products and production
Sustainability always represents a central part of product development, and the companies are continually striving to develop new products that help to reduce the environmental impact. In addition, continuous environmental improvements are being implemented in the operations.
As an owner, Latour places high demands on the holdings to continually reduce their negative environmental impact in their own operations.
There are currently four key targets for lower environmental impact. Furthermore, most of the companies have set additional targets that are relevant for their own operations. Latour has a central environmental policy that the companies follow, although they have also designed their own policies adapted to their operations.
The companies in the wholly-owned operation are continuing to enforce their commitment to reduce their climate impact. This includes more leading products, the introduction of circular concepts and committment to the Science Based Targets initiative (SBTi).
The work of developing life cycle assessments (LCA) continues within the wholly-owned operation. The aim is to acquire a more in-depth understanding of the environmental impact and resource flows for various products. These analyses also form the basis for Environmental Product Declarations (EPDs), which help customers to make choices with consideration for environmental performance.
The environment
Commitment and talent building Latour’s success
The Latour Group is growing rapidly, in new regions and new sectors, through both organic growth and acquisitions. Developing and looking after employees is crucial in order for Latour to continue to grow profitably in the long term.
The wholly-owned industrial operations employ almost 10,000 people worldwide. As a long-term owner, Latour aims to utilise and develop the skills that exist in the operations, including through the transfer of knowledge and the exchange of experiences. As a result, the entire Group is viewed as an internal labour market, and mobility is deemed a natural part of the development of the individual and the company.
All the business areas conduct ongoing employee surveys and follow up the outcomes with various activities and measures. A pleasant, healthy and safe working environment is a priority in all businesses. Latour has a vision of zero accidents at work. Preventive actions, including consequence analyses, safety inspections and risk reports, are conducted on a continual basis. The reporting of both incidents and workplace accidents have been central KPIs since 2020.
Actively striving to have a variety of experiences and backgrounds promotes a stimulating and equal workplace, and is prioritised within the Group. Each business area has an equal opportunities and diversity policy that is carefully complied with. The focus is on increasing diversity among employees and striving to achieve diversification during recruitment. Initiatives are also being implemented to balance age and gender in various working groups.
Medarbetare
Decentralised decisions provide strong local responsibility
Latour works with a decentralised decision-making model within the Group. This is accompanied by responsibility among managers around the Group to develop their respective operations and meet established goals and guidelines.
Latour’s role as an active and responsible owner is a prerequisite for creating added value in the holdings. The delegated decision-making structure is firmly anchored in corporate governance and means that leadership is an integral part of our corporate governance. Latour’s Code of Conduct emphasises the principles that govern the relationship with its employees, business partners and other stakeholders. It constitutes a minimum requirement for the holdings, and most have developed their own guidelines, policies and objectives based on Latour’s Code of Conduct, although more relevant to their own operations.
In addition to the Code of Conduct, Latour has a central anti-corruption and anti-bribery policy. An important aspect is Latour’s standpoint that employees should not engage in any business transaction where the grounds are dubious. All the holdings comply with this policy, as well as with local laws and regulations. In order to ensure a high level of knowledge and compliance with the Code of Conduct, policies and principles, Latour demands that all management team members as well as employees with purchasing or sales positions must carry out online training on the topic every two years. This training was carried out latest in 2025.
Latour supports and respects the protection of human rights and guarantees, through internal processes and steering documents, that it is not involved in crimes against human rights. Suppliers, distributors, consultants and other business partners must apply the principles of Latour’s Code of Conduct. Latour’s whistleblowing support system, WhistleB, provides employees with the opportunity to report suspected irregularities within the business anonymously and has been implemented in all business areas.
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