Lotus Bakeries NV
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:516,802 tCO2e
Scope 1 Emissions:27,825 tCO2e
Scope 2 Emissions:12,648 tCO2e
Scope 3 Emissions:516,802 tCO2e
Total Energy Consumption:184,556 MWh
Water Consumption:117,203 m3
Waste Generated:35.839 tonnes
Carbon Intensity:524,3 tonnes CO2e/mEUR
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Increased the percentage of technical recyclability for the packaging of all Lotus Bakeries brands from 97% in 2022 to 98% in 2023.
- Committed to the Science Based Targets initiative (SBTi) and its reduction target standards to reach net-zero by 2050.
Social Achievements
- Launched a Young Graduate Program.
- Internal mobility rate for white collar and staff is 17%.
Governance Achievements
- Broadened the mandate of the Audit Committee with ESG matters and renamed it to the Audit & Sustainability Committee.
- Appointed an ESG Director.
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2050
Short-term Goals:
- Packaging of all its brands to be 100% technically recyclable by 2025.
Environmental Challenges
- Changes in temperatures, poor-weather conditions, soil degradation negatively impacting the availability and price of raw materials.
- Negative impact of the cultivation of key raw materials (such as palm oil, cocoa) on the environment, in particular deforestation as well as the possible social impact in the regions where these raw materials are cultivated.
Mitigation Strategies
- Various policies in place to guarantee sustainable procurement, avoid deforestation, have sustainable packaging and reduce its carbon footprint, while respecting human rights.
- 100% of palm oil sourced by Lotus Bakeries is RSPO certified. Key palm oil suppliers are asked to sign the Suppliers Code of Conduct and adhere to the principles of the Palm Oil Policy of Lotus Bakeries. 100% of the cacao mass and cacao butter of the Lotus® Biscoff® Chocolate bars is Rainforest Alliance certified. The soybean flower in the Lotus® Biscoff® products is IP certified.
Supply Chain Management
Supplier Audits: 94.2% of key Suppliers signed the Code of Conduct for Suppliers
Responsible Procurement
- Code of Conduct for Suppliers
- Palm Oil Policy
- RSPO certified Palm Oil
- Rainforest Alliance certified cacao mass and cacao butter
- IP certified soybean flour
Climate-Related Risks & Opportunities
Physical Risks
- Changes in temperatures, poor-weather conditions, soil degradation
Reporting Standards
Frameworks Used: GRI Standards
Third-party Assurance: PwC Reviseurs d’Entreprises SRL