LucyGroup-ARA2024_spreads web ready_FINAL

ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG)

BUSINESS OVERVIEW STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDER INFORMATION

Sustainability Framework Our selected goals align with the material issues relevant to our Group, embodying a balanced approach across our three interconnected pillars: People, Planet and Progress. This strategic alignment ensures that our efforts are targeted and impactful, promoting sustainable development.

Our approach At Lucy Group, we have a long tradition of being a responsible business. Today, sustainability is our cornerstone. It’s integral to our purpose.

Within these pillars, we have identified seven priority areas, each serving as a core focus for our sustainability initiatives. These areas guide our efforts to make a positive impact and drive continuous improvement. Assigned against each area are time-bound goals to measure and track progress.

Corporate Social Responsibility is part of our DNA and we measure our performance against ISO 26000 guidance. All our businesses are actively involved in community investment, volunteering and charitable giving. At Lucy Group, sustainability is more than an obligation. It’s what drives innovation and responsible growth.

It doesn’t just shape the way we conduct our own operations. It’s at the heart of our product and service offerings too. Our approach to sustainability is based on three pillars – People, Planet and Progress – and is in line with the UN’s Sustainable Development Goals. We have ambitious targets to lower our emissions and energy consumption, switch to clean energy sources and reduce the embedded carbon in our products.

What and why: Improving people’s lives – intelligent power, smart lighting and sustainable homes.

People

Planet

Progress

6. Products/assets/customer Designing, promoting and improving the energy efficiency of our products and properties, and establishing the embedded carbon content in our main product lines, while understanding our customers’ sustainability needs and expectations. 7. Human rights and employment practices Committing to upholding human rights and fair employment practices for our employees and engaging with our supply chain.

3. Emissions targets and reductions Taking decisive action in lowering our energy consumption and moving towards a low-carbon future by reducing our emissions and following a science-based approach to be Net Zero by 2050. 4. Biodiversity Developing areas to provide Biodiversity Net Gain (BNG) and support community projects to raise awareness of climate issues and reduce environmental impact. 5. Waste Implementing waste management strategies to reduce waste, increase recycling and improve sustainability practices.

1. Education & training – internal and external Providing training and career

development opportunities for all employees and nurturing education and experience opportunities in our local communities. 2. Health and wellbeing Providing a safe work environment that promotes the health and wellbeing of all, and actively participating in initiatives that improve the lives of those in our local communities.

How: Putting people and planet at the heart of everything we do to achieve progress with a purpose.

By strategically focusing on these priorities and aligning them with the UN SDGs framework, we aim to create a sustainable future. Our dedication to measurable progress underscores our responsibility to the environment and society.

56

|

Lucy Group Ltd Annual Report & Accounts 2024

LUCYGROUP.COM

|

57