Europe's Lindstrom forms committee to amplify sustainability efforts

By establishing the committee, Lindstrom ensured that the board would devote more time for the strategic reflection for sustainability, taking a long-term perspective and delving deeper into the sustainability impacts, opportunities, and requirements for transparency and accountability, the company said in a press release.

The committee will support management in identifying and capturing strategic opportunities in the area of sustainability and collaborate closely with management to create a sustainability strategy that secures long-term competitiveness and promotes innovation. It will also assist management in overseeing regulation and ensuring compliance across all regions.

The committee’s members were selected for their expertise and experience in sustainability, ensuring a diverse range of perspectives. The committee consists of senior vice president of strategy and sustainability Kati Pallasaho, and Lindstrom board of directors’ members Gavin Adda, Petteri Kousa, and Eva Nedelkova. They will meet six times a year in accordance with a schedule aligned with the meetings of the board of directors.

“Sustainability is at the core of Lindstrom's values, ways of working and strategy. Through the establishment of this committee, the board aims to support management in developing a strategic perspective around sustainability and address the business opportunities and risks associated with sustainability-related matters. Moreover, it reinforces our commitment to compliance, particularly in view of the upcoming changes in the regulatory environment,” said chairman of the board of directors, Harri-Pekka Kaukonen.

“One of the key competitive advantages of Lindstrom’s circular business model is sustainability. Our goals for textile recycling, closed-loop solutions, and emissions reduction are ambitious and we know that further development of our competitive advantage increasingly demands sustainability. Furthermore, expectations from our stakeholders on various social, environmental, and governance matters are increasing and the regulation of these matters, especially within the European Union, is changing fast,” said Kati Pallasaho, the senior vice president of strategy and sustainability.

“Our primary aim is to further strengthen Lindstrom’s long-embedded sustainability stewardship into future innovations that serve our customers and help them in their decarbonisation journey. Naturally, preparing ourselves for the upcoming regulation will also be high on our agenda as it will have an impact on many areas,” said Eva Nedelkova, chair of the sustainability committee.

Fibre2Fashion News Desk (DP)