EANS-News: Lenzing AG / Lenzing awarded platinum status for sustainability by EcoVadis

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

The award once again underscores Lenzing’s role as a sustainability pioneer in the industry.

Company Information

Lenzing – The Lenzing Group, the world’s leading supplier of sustainably produced specialty fibres, has been awarded Platinum status in EcoVadis‘ CSR rating. The assessment comprehensively covers the four main CSR (Corporate Social Responsibility) practices: the environment, fair working conditions and human rights, as well as ethics and sustainable procurement.

In the previous three years, Lenzing had already received outstanding ratings in all categories, and was awarded Gold status in 2018, 2019 and 2020. For 2021, the company not only held this top ranking, but even exceeded it – to reach Platinum status. Lenzing thereby ranks among the world’s top one percent of the companies evaluated. „We are very proud to have now achieved the step up to the Platinum level after several Gold ratings in the past few years. At Lenzing, we always think beyond fibres and take responsibility for our children and grandchildren – for whom we do our best in order to constantly improve ourselves. This attitude forms part of our strategic principles and we will continue to work hard to make a sustainable contribution to the environment and to society“, notes Stefan Doboczky, CEO of the Lenzing Group.

The Lenzing Group’s ambitious climate targets form an essential part of its strategy and responsibility to future generations. In 2019, Lenzing became the world’s first fiber manufacturer to commit to reducing CO2 emissions per ton of product by 50 percent by 2030, and even becoming climate-neutral by 2050. The Science Based Targets Initiative, the most recognised organisation in the area of climate-relevant target-setting, has scientifically validated Lenzing’s climate targets.

This scientific validation also forms one of the essential criteria that EcoVadis highlights in its rating. In addition, the responsible procurement of raw materials – according to social and ecological aspects – was also highlighted as a further core element in the company’s sustainability strategy, as well as support for external environmental initiatives (Sustainable Apparel Coalition, Fashion Industry Charter for Climate Action) and initiatives on labour and human rights issues (Sustainable Apparel Coalition).

Since its inception in 2007, EcoVadis has become the world’s largest and most trusted provider of corporate sustainability ratings, creating a global network of more than 75,000 rated companies in 160 countries worldwide. It also provides information and tools that help to increase transparency within global supply chains. The methodological framework assesses companies‘ policies, measures and activities, as well as their published reports, in relation to the environment, labour and human rights, ethics and sustainable procurement.

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end of announcement euro adhoc

issuer: Lenzing AG

A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW: http://www.lenzing.com
ISIN: AT0000644505
indexes: ATX, WBI
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/1597/aom

Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing AG
Phone: +43 7672 701 2743
E-mail: media@lenzing.com

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