LPP SA (OTCPK:LPPSY)
$ 20.41 0.17 (0.84%) Market Cap: 7.58 Bil Enterprise Value: 8.29 Bil PE Ratio: 15.39 PB Ratio: 6.39 GF Score: 96/100

Half Year 2023 LPP SA Earnings Call Transcript

Sep 22, 2023 / 09:30AM GMT
Release Date Price: $10.75
Magdalena Kopaczewska
LPP SA - IR & Sustainable Reporting Manager

[Interpreted]

Hi. Good morning, Magda Kopaczewska, IR Manager; and Przemyslaw Lutkiewicz, CFO. Welcome at our conference on result presentation for the second quarter, and we are going to talk to you what happened in our company since our last meeting. We will discuss our financial results and our short-term plans. At the end there will be a Q&A session.

Let's start with the events. A couple of months ago, we informed you that as the first Polish company, we joined SBTi, science-based target initiative. This is the world initiative supporting business in their activities counteracting global warming. Before joining this initiative, we calculated our carbon footprint and our aims related there, too. And today, these aims were approved by SBTi in July, and they comply with the Paris agreement. So a strive to hold the rise in global warming at a level of 1.5 degrees.

In our strategy that we defined, we defined our target as for emission 1 and 2 and for Scope 3. We did that separately. Why? Because the

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