Compliance - Luís Simões

Sustainability

LS carries out its activity taking into account the consultation of its stakeholders, guaranteeing a commitment to involving interested parties in the alignment and sensitisation for the development of a sustainable culture in the business areas. The integration of the challenges identified in the materiality assessment were incorporated into Luís Simões‘ Sustainability strategy, operationalised in “9 Principles” which bring together the initiatives to be developed to improve LS’ performance – Sustainability Strategy.

The identification of stakeholders, namely their concerns and expectations, is of vital importance in the process of reassessing the sustainability strategy.

Energy Efficiency and Climate Changes

Energy efficiency is one of the strategic pillars of sustainability at Luís Simões. Since 2007, the Group has developed its sustainability strategy, making an unequivocal commitment to finding effective solutions that reduce the direct impact of its operations on the environment, contributing to the reduction of greenhouse gas (GHG) emissions.

Since 2017, we have accounted for direct GHG emissions (scopes 1 and 2), and since 2021 we have accounted for our global scope 3 emissions, which makes it possible to demonstrate Luís Simões’ carbon footprint (its environmental impact in carbon).

Get to know LS’s carbon footprint:

2021 2022 2023

Energy Efficiency and Climate Change

Luís Simões is committed to reducing GHG emissions through the Science Based Targets (SBTi) initiative.

Luís Simões is committed to a near-term objective to:

reducing absolute GHG emissions of scope 1 and 2 by 50.4% by 2032, starting from 2021 base year*.
reducing scope 3 GHG emissions from fuel and energy-related activities and upstream transport and distribution by 35.6% per ton kilometer over the same period, which is equivalent to an absolute reduction of 9%.

*The target limit includes soil-related emissions and bioenergy removals.

Lean&Green

Luís Simões has joined Lean&Green, a European collaboration platform created to reduce emissions associated with the supply chain and achieve carbon neutral emissions by 2050, in line with the objectives set at the Paris Climate Summit (COP 21).

Luís Simões is supported by local Lean&Green partners in the two markets in which it operates. Membership is through AECOC in Spain and GS1 in Portugal.

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Climate Change and GHG Emissões Report

Luís Simões responded to the CDP climate change questionnaire, highlighting its evolution in terms of Risks, Objectives, Monitoring and Governance.

In 2023, Luis Simões’ score was “C” – Awareness.

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Check out LS’s GHG emissions report:

CDP_2023 GHG_2023