Climate Change Data

Environmental Metrics

ESG Focus Areas

• Combating corruption
• Sustainable energy procurement
• Sustainable mobility
• Waste management
• Sustainable procurement
• Diversity and equal opportunities
• Social commitment
• ESG (Environmental, Social, and Governance)

Environmental Achievements

• Reduced electricity consumption by 7% compared to the previous year.
• 90% of all Luther offices in Germany switched to green electricity.
• Stuttgart and Berlin offices located in buildings meeting high energy standards.
• Increased use of rail travel for business trips resulting in 1,554,986 passenger kilometers traveled carbon neutrally.

Social Achievements

• Introduced "DeutschlandTicket" job ticket for employees.
• Offered job bike leasing program for employees.
• Held 24,677 online meetings to reduce travel.
• Over 60% of employees are women; 50% of lawyers appointed Partner or Counsel were female.
• Established Luther Female Network.
• Donated over EUR 125,000 to various charitable projects.

Governance Achievements

• Implemented comprehensive anti-money laundering compliance program, including risk-based due diligence, KYC checks, employee training, and regular audits.
• No legal proceedings instituted regarding anti-competitive conduct.
• Established an ESG Working Group in 2022 to identify further short-, medium- and long-term goals.

Climate Goals & Targets

Environmental Challenges

• Reducing air travel emissions despite the increase in flights compared to the previous year (explained by the cancellation of many events due to the pandemic in the 2021/2022 financial year).
• Further reducing waste and electricity consumption.

Mitigation Strategies

• Investing in carbon offsets per flight.
• Continuous improvement process including reducing overall consumption, using LED lights, time switches, responsible air conditioning use, and employee engagement in energy-saving measures.
• Implementing waste segregation in 90% of Luther's offices.

Supply Chain Management

Responsible Procurement

• Fair trade coffee
• Regional roasters
• Environmentally friendly packaging
• Reusable and refillable resources
• Ecological/recycled paper
• Sustainable giveaways
• Climate-neutral giveaways
• Regional or fair trade products for consumables

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Climate Goals & Targets

Environmental Challenges

• Indirect effects of international laws and market access limitations for non-compliance.
• Growing mandatory ESG rules in Malaysia.
• Increased scrutiny from banks and financiers regarding ESG compliance.
• Reputational risks from ESG-related incidents.
• Fragility of supply chains.

Mitigation Strategies

• Compliance with ESG principles and standards as a competitive advantage.
• Early adoption of ESG principles to avoid future burdens.
• Proactive ESG due diligence to improve access to financing.
• Proper ESG implementation to manage reputational risks.
• Strengthening supply chain management.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Flash floods
• Haze from forest fires

Transition Risks

• CBAM

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, ISSB, ESRS, Bursa Malaysia’s Enhanced Sustainability Reporting Guide, Malaysian Code on Corporate Governance, Business Review Report Guide, iESG Framework, Simplified ESG Disclosure Guide for SMEs, Climate Change and Principle-based Taxonomy, Sustainable and Responsible Investment Guide, Principle-based Sustainable and Responsible Investment Taxonomy