Skip to content

Double materiality analysis

Lassila & Tikanoja has defined its essential sustainability topics in collaboration with its key stakeholders. The double materiality analysis conducted in 2023 serves as the basis for L&T's sustainability efforts and guides the determination of topics and information included in the sustainability reporting."

L&T's first double materiality assessment was conducted in 2023

L&T carried out its first double materiality assessment in accordance with the Corporate Sustainability Reporting Directive (CSRD) in 2023. In the assessment, we identified the most significant sustainability topics for our operations, which have an impact on society and the environment and are connected to economic risks and opportunities. Double materiality will guide the content and focus areas of L&T's 2024 sustainability report.

Aurinkoinen puisto - 2352x1568 - Vastuullisuus

Implementation in Three Phases

In the first phase, impacts were assessed by a group consisting of L&T's own experts. The results were reviewed in a separate expert working group and then discussed by L&T's management team and the Board's Personnel and Sustainability Committee.

In the second phase, the expectations of key stakeholders were mapped through an online survey and stakeholder interviews.

Finally, the results were combined into a qualitative whole and were reviewed and approved by L&T's management team, the Personnel and Sustainability Committee, and the Board.

Pyöräilijä - 2352x1568 - Vastuullisuus

Results of the Double Materiality Analysis

Based on the double materiality analysis, L&T's key impacts on society and the environment, as well as sustainability-related risks and opportunities, are connected to:

  • Climate change
  • Biodiversity and ecosystems
  • Circular economy
  • Own workforce
  • Workforce in the value chain
  • Business operations.

The essential environmental sustainability aspects are closely linked to L&T's strategy focused on the circular economy. L&T aims to mitigate climate change and biodiversity loss, and promote the sustainable use of raw materials. The circular economy is key to achieving these objectives.

Promoting Key Sustainability Topics for L&T through the Sustainability Program

The sustainability topics identified in the double materiality analysis are promoted through L&T's sustainability program. The topics in the sustainability program are divided into three areas: environment, people, and good governance, each with its own long-term goals and metrics.

recycle-icon

We are moving towards full circularity

We work to mitigate the effects of climate change and the biodiversity loss. Our aim is to keep the materials in circulation for as long as possible and to bring solutions for the sustainable use of the built environment.

hands-icon

We are employed by tomorrow

As a large employer, our goal is to offer jobs to everyone, regardless of nationality, culture or educational background. We treat each other and our suppliers fairly.

group-work-icon

We follow good governance

We operate correctly and transparently throughout our value chain. Our goal is to ensure that no serious damage or violations occur in the company's operations and that our operations comply with laws and regulations.