EQS-News: Lenzing AG: Lenzing recognized for the second year in a row as global sustainable leader with triple “A” score by CDP

EQS-News: Lenzing AG / Key word(s): Sustainability/Rating
Lenzing AG: Lenzing recognized for the second year in a row as global
sustainable leader with triple “A” score by CDP

14.12.2022 / 11:48 CET/CEST
The issuer is solely responsible for the content of this announcement.

══════════════════════════════════════════════════════════════════════════

Lenzing recognized for the second year in a row as global sustainable
leader with triple “A” score by CDP

 

• Lenzing one of only 12 companies worldwide that were recognized with
an outstanding triple ”A”
• Environmental leadership in climate change, water security and forests
• CDP as the gold standard of environmental reporting

 

Lenzing – The Lenzing Group, the world’s leading supplier of sustainably
produced specialty fibers, has been recognized for leadership in corporate
transparency and performance on climate change, forests and water security
by global environmental non-profit CDP, securing a place on its annual ”A
List”.

 

Through significant demonstrable action on reducing climate impacts, water
security risks and deforestation, Lenzing is leading on corporate
environmental ambition, action and transparency worldwide. The world’s
economy looks to CDP as the gold standard of environmental reporting with
the richest and most comprehensive dataset on corporate and city action.
In 2022, over 680 investors with over USD 130 trillion in assets and 280
major purchasers with USD 6.4 trillion in procurement spend requested
companies to disclose data on environmental impacts, risks and
opportunities through CDP’s platform. A record-breaking 18,700 companies
responded.

 

”We are very proud that we have now been awarded a triple ’A‘ rating by
CDP for the second time in a row. The rating shows that we are already on
a very good path with our sustainability strategy and that the steps we
are taking as the Lenzing Group to continuously improve and find solutions
to the most pressing problems of our time are being seen and honored,”
says Stephan Sielaff, CEO of the Lenzing Group. ”We are working hard to
make our industries even more sustainable and to drive the transformation
of the textile business model from linear to circular. Further efforts
from the entire industry are needed for this transformation to take
place“, Sielaff said.

 

“CDP saw nearly 20,000 companies disclose environmental data this year,
including 70 per cent of European companies by market value. COP27 showed
the need for transformational change is more critical than ever if we are
to limit warming to 1.5 °C. I’m therefore delighted that European
companies make up nearly half of all ’A List‘ companies around the world,
including 15 with two A scores and eight with triple ’A‘ scores for
climate change, forests, and water security leadership. We must cut
emissions by half and eliminate deforestation by 2030, alongside achieving
water security on the same timescale – there is no route to 1.5°C without
nature.

With the EU’s ground-breaking new reporting regulation, the CSRD, now
agreed, CDP ’A List‘ companies are showing they are ahead of the game –
taking clear action to reduce emissions and to address environmental
impacts throughout their value chains. This is the type of environmental
transparency and action we need economy-wide to prevent ecological
collapse’’, says Maxfield Weiss, Executive Director CDP Europe.
 

Efficient use of resources

Wood, the pulp derived from it and water are some of the most important
raw materials for the sustainable production of cellulosic fibers from
Lenzing and also part of the most important focus areas of the Lenzing
Group’s sustainability strategy. Lenzing assumes responsibility by
striving for sustainable procurement based on environmental certificates
and responsible and efficient use of these valuable resources. Lenzing
sources wood and dissolving pulp from sustainably managed forests and
plantations and not from ancient, protected or endangered forests.
Lenzing’s biorefinery process ensures that 100 percent of wood
constituents are used: to produce dissolving wood pulp for fiber
production, biorefinery products, and bioenergy.

 

With its REFIBRA™ and Eco Cycle technologies, Lenzing offers solutions for
transforming the textile and nonwovens industries towards a circular
economy. In line with its vision for the circular economy, “We give waste
a new life. Every day.” Lenzing is driving the industry toward a full
circular economy by striving to give waste a new life in all aspects of
its core business and developing circular solutions together with
potential partners inside and outside the current value chain.
 

Transparency and traceability of supply chains

Transparency forms the basis for credible sustainability performance and
also creates trust among customers and consumers. That is why Lenzing is
committed to promoting digital solutions throughout the supply chain and
improving transparency and traceability in the textile and nonwovens
industry. This is crucial as only an honest engagement with the industry
can ensure traceability that verifies the origin of Lenzing fibers
throughout the supply chain, all the way to the finished garment.
Lenzing’s fiber identification system and e-branding service form the
basis of the overall approach to transparency, while the TextileGenesis™
blockchain project leverages data to enable maximum traceability. This
demonstrates Lenzing’s leadership in a very opaque industry and offers
products with better sustainability credentials. A more comprehensive
understanding of Lenzing’s suppliers as well as downstream customers is
equally critical to minimizing the Lenzing Group’s overall environmental
impact, leading the company on the right path to achieve a low-emission
and CO[2] neutral footprint by 2050. Close digital connections throughout
the network help to close loops in an efficient and holistic way and
facilitate the transition from a linear to a circular supply chain.

 

 

Photo download:

[1] https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=IsRGIuuqMlzW
PIN: IsRGIuuqMlzW

 

Your contact for  
Public Relations: Investor Relations:
   
Dominic Köfner Sébastien Knus
Vice President Corporate Communications & Vice President Capital Markets
Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing,
Werkstraße 2, 4860 Lenzing, Austria Austria
   
Phone   +43 7672 701 2743 Phone     +43 7672 701 3599
E-mail   [2]media@lenzing.com E-mail     [4]s.knus@lenzing.com
Web      [3] www.lenzing.com Web        [5] www.lenzing.com
 

 

About the Lenzing Group
 
The Lenzing Group stands for ecologically responsible production of
specialty fibers made from the renewable raw material wood. As an
innovation leader, Lenzing is a partner of global textile and nonwoven
manufacturers and drives many new technological developments.
 
The Lenzing Group’s high-quality fibers form the basis for a variety of
textile applications ranging from elegant clothing to versatile denims and
high-performance sports clothing. Due to their consistent high quality,
their biodegradability and compostability Lenzing fibers are also highly
suitable for hygiene products and agricultural applications.
 
The business model of the Lenzing Group goes far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, creating added
value for consumers. The Lenzing Group strives for the efficient
utilization and processing of all raw materials and offers solutions to
help redirect the textile sector towards a closed-loop economy. In order
to reduce the speed of global warming and to accomplish the targets of the
Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing
has a clear vision: namely to make a zero-carbon future come true.
 
Key Facts & Figures Lenzing Group 2021
Revenue: EUR 2.19 bn
Nominal capacity: 1,145,000 tonnes
Number of employees (headcount): 7,958
 
TENCEL™, VEOCEL™, LENZING™, REFIBRA™, ECOVERO™, LENZING MODAL™, LENZING
VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.

 

══════════════════════════════════════════════════════════════════════════

14.12.2022 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

══════════════════════════════════════════════════════════════════════════

Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1512951

 
End of News EQS News Service

1512951  14.12.2022 CET/CEST

References

Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=157625e6c5ba480b30c8f983c48c21ae&application_id=1512951&site_id=apa_ots_austria&application_name=news
2. media@lenzing.com
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=1512951&site_id=apa_ots_austria&application_name=news
4. s.knus@lenzing.com
5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=1512951&site_id=apa_ots_austria&application_name=news

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender