Thanks to the strategic expertise of Nur Baute & adelphi Consult, now phiyond (as of Dec. 2023), LEDVANCE implemented a holistic sustainability strategy for the first time and reports on its path to becoming a sustainable and future-oriented company in the Sustainability Report 2022.

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. Against this background, material topics were prioritized for LEDVANCE, which ultimately resulted in various strategic options for action.

A sustainability policy was developed to anchor this throughout the company, supplementing existing management systems and guiding the actions of all employees with regard to sustainability and social responsibility.

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

In the same constellation, we are now also supporting LEDVANCE in the preparation process for the Corporate Sustainability Reporting Directive (CSRD). This includes the double materiality analysis in accordance with the European Sustainability Reporting Standards (ESRS), a gap analysis of the existing report in comparison with the new standards, the disclosures in accordance with the Taxonomy Regulation and support with the increasing external audit requirements. The development of the report’s content is accompanied by a perspective addition to the communication formats.