Lucanet’s ESG report 2023: Our commitment to sustainable growth and innovation

In the current business landscape, where Environmental, Social, and Governance (ESG) concerns are becoming more important, companies face evolving regulatory demands and increasing expectations. Our latest ESG report highlights how Lucanet has been navigating these challenges, outlining our achievements in 2023 and for the first half of 2024. The report demonstrates our ongoing commitment to embedding ESG principles into everything we do, forming the foundation of our responsible business approach.

This holistic perspective aligns with global standards and regulations while reflecting our core values. The essential insights aid us in developing and enhancing trusted solutions for our CFO Solution Platform. We aim to reduce our environmental impact, foster an inclusive workplace, and innovate responsibly to actively contribute to a sustainable future.

The report highlights the strong collaboration across functions at Lucanet, laying a solid foundation for our own Corporate Sustainability Reporting Directive (CSRD) journey. We're in the process of setting science-based targets and developing a robust framework to ensure CSRD compliance by 2026. We have a clear understanding of the opportunities and challenges these regulations bring for us and the businesses we support. By sharing our experiences, we strive to be a reliable and trusted partner in addressing the rising ESG demands.

Learn more about Lucanet’s ESG strategy and how we hope to further improve from here.

Download the ESG Report 2023-H1 2024

Key achievements in 2023

2023 was a transformative year for us, marked by significant developments like the acquisitions of AMANA and ementexx and the enhancement of our suite of solutions. These milestones strengthen our position in the market and showcase how we're using ESG to drive innovation and empower our customers.

 

ESG Reporting solution

Our ESG offering empowers businesses worldwide to monitor and enhance their sustainability performance, turning compliance complexity into clarity. With this solution, we support our customers by making ESG a key value creation lever.

 

DE&I report

We published our first DE&I report highlighting the achievements of the past years.

 

Shaping responsible innovation

Our comprehensive Artificial Intelligence (AI) policy solidifies our dedication to harnessing the power of artificial intelligence while upholding ethical principles, protecting user rights, and nurturing trust in our organization.

 

Navigating CSRD compliance and internal ESG goals

We are already in the process of setting science-based targets aimed at achieving net-zero emissions in the long term and ensuring solid internal governance. These goals support our commitment to ESG as a key part of Lucanet’s strategy, as well as complying with regulations.

We used our own Disclosure Management solution to create this year’s report. This allowed us to ensure an efficient report creation process, enhancing transparency and providing valuable insights. For the coming year, we will be able to trust and compare data from the previous year. We’re very proud to be able to “eat our own dogfood” by leveraging our own software for our corporate reporting, and this internal work will expand to include our full ESG Reporting solution next year.

Our goals for the future are ambitious. Aligned with our key priorities, we are enhancing our AI capabilities to improve cyber and information security and growing our tech hub in Bucharest to accelerate product development. Additionally, we're expanding our efforts for more accurate ESG data collection and continuing to refine our DE&I initiatives.

Through our initiatives and actions, Lucanet is dedicated to sharing our insights and shaping a responsible business landscape, benefiting both our organization and the communities we serve.

 

About this report

Lucanet is reporting ‘in reference to’ (rather than ‘in accordance with’) the Principles of the GRI Standards. Therefore, Lucanet has prepared the reported information in accordance with the requirements specified in ‘Reporting with reference to the GRI Standards’ at the end of section 3 in GRI 1 (and, for the avoidance of doubt, the disclosures are therefore not necessarily fully compliant with all nine requirements set out in section 3 of GRI 1).