Thanks to the strategic expertise of Nur Baute & adelphi Consult, now phiyond (since September 2023), LEDVANCE reported on its path to becoming a sustainable and future-oriented company in the 2022 and 2023 sustainability reports under the From Line To Loop and Power Through Light tag lines.

As part of the consulting project, an environment analysis and benchmarking was first carried out to identify relevant industry trends in relation to sustainability as well as market competitors and their level of ambition. A sustainability policy was also developed in the first year to anchor this throughout the company, supplementing existing management systems and guiding the actions of all employees with regard to sustainability and social responsibility.

In the second reporting cycle in particular, the consulting focus was increasingly on preparing for the Corporate Sustainability Reporting Directive (CSRD), including the increasing external audit requirements.
This included an initial double materiality analysis based as closely as possible on the European Sustainability Reporting Standards (ESRS), taking into account the availability of data along the value chain and involving various stakeholders.
Building on this, a gap analysis of the existing report was carried out in comparison with the new standards, as well as an approach to the disclosures in accordance with the Taxonomy Regulation.
The project was supplemented by the exploration of possible future communication formats.

The process was rounded off by the actual sustainability reports, which were accompanied by Nur Baute and phiyond from the conceptual structure, data collection, design and text creation through to preparation for the external audit.
As before, the reports were based on the standards of the Global Reporting Initiative (GRI) and implemented in German and English as an interactive online PDF.