Our net impact on society is highly positive

Lamor Corporation Plc is the first company in Finland to receive Nasdaq Green Equity Designation. The designation supports equity issuers with their green business models and strategies and enhances increased visibility and transparency toward investors looking for sustainable investments.

Nasdaq Green Equity Designation targets companies that have over 50 percent of their turnover derived from activities considered green and that continue to invest more than 50 percent in green activities. For the application, a qualitative assessment, relating to the company’s activities and investments, is performed to assess the company’s alignment with the Nasdaq Green Equity Principles by a Nasdaq approved reviewer. The Norwegian company, Cicero Shades of Green, made the review for Lamor. The report of Cicero Shades of Green can be read from Lamor’s website: lamor.com/sustainability.

Lamor was approved as part of the Nasdaq Green Equity Designation as of 19 January 2022.

Nasdaq ESG Transparency Partner

Lamor has disclosed its ESG metrics and results on Nasdaq ESG Database Portal and was therefore certified as a ‘Nasdaq ESG Transparency Partner’ in 2022. By being part of the Portal we want to signal our engagement in the market transparency – raising environmental standards directly to the public and investors. Lamor share (LAMOR) is listed on the Nasdaq First North Premier Growth Market Finland.

We want to operate in a sustainable manner

As part of our mission to clean the world, we ourselves must take responsibility for everything we do and pay special attention to the overall impact of our business.

We’re committed to running our business responsibly, in a way that keeps people healthy and safe, the environment protected and enables us to provide quality products and services.

According to The Upright Project, Lamor’s net impact on society is highly positive[1]. With limited resources, we manage to deliver extensive environmental and health benefits, including protecting biodiversity, reducing emissions and waste, and preserving scarce natural resources. Lamor’s net impact ratio is +74% which is remarkably high compared to the Nasdaq Helsinki average (-13). A company’s net impact is the sum of the positive and negative impacts it has on the world around it.

Heavily regulated industry

Our industry is heavily regulated, as legislation plays a major role in achieving environmental protection goals. We closely comply with the laws that guide our industry, a range of standards and regulations around things like waste and the management of hazardous materials, licenses, health and safety, data protection, public procurement, labor laws, antitrust issues, general business issues and taxation.

We comply with all ISO 9001, ISO 14001 and ISO 45001 certification standards. In addition, we’ve also set up integrated health, safety, security and environment and quality management systems (HSSSEO – IMS) that are designed to improve and enhance the role of certain HSSE and IMS factors within our operations. We will also publish a Sustainability Report during 2022 in connection with the 2021 Annual Report.

[1] Source: A study commissioned by The Upright Project in August 2021 on behalf of the company