LNZ Lenzing AG

EQS-News: Lenzing again among the top 1 percent of world's most sustainable companies

EQS-News: Lenzing AG / Key word(s): Rating/Sustainability
Lenzing again among the top 1 percent of world's most sustainable companies

14.08.2024 / 09:38 CET/CEST
The issuer is solely responsible for the content of this announcement.


Lenzing again among the top 1 percent of world's most sustainable companies

 

  • Lenzing receives highest CSR rating from EcoVadis for the fourth time in a row
  • Global rating standard evaluates over 130,000 companies: Lenzing among top 1 percent

 

Lenzing – The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, has been awarded platinum status in the EcoVadis CSR rating. The rating comprehensively covers the four most important practices in the area of corporate social responsibility: environment, fair working conditions and human rights, ethics, and sustainable procurement.

 

For the fourth time in a row, Lenzing has been awarded platinum status by EcoVadis, a leading international provider of sustainability ratings for companies. This puts Lenzing in the top one percent of companies rated by EcoVadis worldwide. Lenzing achieved the greatest progress this year in the categories of sustainable procurement and ethics. Lenzing also outperformed the previous year in the areas of labor and human rights as well as certifications. Since its foundation in 2007, EcoVadis has developed into the world's largest and most trusted provider of sustainability ratings for companies and has created a global network of more than 130,000 rated companies worldwide. The methodological framework evaluates companies' policies, measures and activities, as well as their published reports on the environment, labor and human rights, ethics, and sustainable procurement.

 

“At Lenzing, we are working hard to make our industries even more sustainable and to drive the transformation of the textile business model from a linear to a circular economy model. This approach is firmly anchored in our strategy and corporate values. I am, therefore, particularly pleased about the highest rating from the internationally renowned organization and am proud that we as the Lenzing Group have now been awarded platinum status for the fourth time,” says Stephan Sielaff, CEO of the Lenzing Group.

 

In line with its "Naturally Positive" sustainability strategy, the Lenzing Group has set ambitious targets in each of its core strategic areas to further strengthen its transition from a linear to a circular economy model. Every year, Lenzing provides updates on its sustainability initiatives and the progress made in its annual sustainability report. This level of commitment and transparency was also positively emphasized by EcoVadis in its assessment. You can find out more about Lenzing's sustainability goals, progress and other renowned rankings in the online Sustainability Report 2023 at .

 

 

Photo download:


PIN: 1IFJXq3Uan0w

 

 

Your contact for
Public Relations:
 
Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria
 
Phone   43
E-mail   
Web     
 
 
Corporate Sustainability:
 
Krishna Manda
Vice President Corporate Sustainability
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria
 
Phone     17
E-mail    
Web       
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

About the Lenzing Group
 
The Lenzing Group stands for eco-responsible production of specialty fibers based on cellulose and recycled material. 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 functional, comfortable and fashionable clothing to durable and sustainable home textiles. Due to their special properties and their botanical origin, the TÜV certified biodegradable and compostable Lenzing fibers are also highly suitable for everyday hygiene products.
 
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 transform the textile industry from the current linear economic system towards a circular economy. In order to reduce the speed of global warming and thus also support the targets of the Paris Agreement and the EU Commission’s “Green Deal”, Lenzing has developed a clear science-based climate action plan that aims to significantly reduce greenhouse gas emissions by 2030 and a net-zero goal (scope 1, 2 and 3) by 2050.
 
Key Facts & Figures Lenzing Group 2023
Revenue: EUR 2.52 bn
Nominal capacity: 1,110,000 tonnes
Employees (FTE): 7,917
 
TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ are trademarks of Lenzing AG.

 



14.08.2024 CET/CEST This Corporate News was distributed by EQS Group AG.


Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone:
Fax:
E-mail:
Internet:
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1968023

 
End of News EQS News Service

1968023  14.08.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1968023&application_name=news&site_id=research_pool~~~9efe1c65-8ece-4ff7-9608-f21c8e0a38a3
EN
14/08/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Lenzing AG

 PRESS RELEASE

EQS-News: Veränderungen im Vorstand der Lenzing AG

EQS-News: Lenzing AG / Schlagwort(e): Personalie Veränderungen im Vorstand der Lenzing AG 21.08.2024 / 14:54 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Veränderungen im Vorstand der Lenzing AG   Rohit Aggarwal übernimmt mit 1. September 2024 die Position des CEO der Lenzing AG Stephan Sielaff scheidet Ende August 2024 aus dem Unternehmen aus   Lenzing – Die Lenzing Gruppe, weltweit führender Anbieter von regenerierten Cellulosefasern für die Textil- und Vliesstoffindustrien, verändert die Zusammensetzung des Vorstandes. Mit...

 PRESS RELEASE

EQS-News: Changes to Management Board of Lenzing AG

EQS-News: Lenzing AG / Key word(s): Personnel Changes to Management Board of Lenzing AG 21.08.2024 / 14:54 CET/CEST The issuer is solely responsible for the content of this announcement. Changes to Management Board of Lenzing AG   Rohit Aggarwal to take over as CEO of Lenzing AG as of September 1, 2024 Stephan Sielaff will leave at the end of August 2024   Lenzing – The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, changes the composition of Management Board. Effective 1 September 2024, Rohit Aggarwal wil...

 PRESS RELEASE

EQS-News: Lenzing erneut unter Top-1-Prozent der weltweit nachhaltigst...

EQS-News: Lenzing AG / Schlagwort(e): Rating/Nachhaltigkeit Lenzing erneut unter Top-1-Prozent der weltweit nachhaltigsten Unternehmen 14.08.2024 / 09:38 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Lenzing erneut unter Top-1-Prozent der weltweit nachhaltigsten Unternehmen   Lenzing zum vierten Mal in Folge mit höchster Bewertung im CSR-Rating von EcoVadis Globaler Rating-Standard bewertet über 130.000 Unternehmen: Lenzing unter Top-1-Prozent   Lenzing – Die Lenzing Gruppe, weltweit führender Anbieter von regenerierten Cellul...

 PRESS RELEASE

EQS-News: Lenzing again among the top 1 percent of world's most sustai...

EQS-News: Lenzing AG / Key word(s): Rating/Sustainability Lenzing again among the top 1 percent of world's most sustainable companies 14.08.2024 / 09:38 CET/CEST The issuer is solely responsible for the content of this announcement. Lenzing again among the top 1 percent of world's most sustainable companies   Lenzing receives highest CSR rating from EcoVadis for the fourth time in a row Global rating standard evaluates over 130,000 companies: Lenzing among top 1 percent   Lenzing – The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile...

 PRESS RELEASE

EQS-News: Lenzing Group Reports Further Improvement in Operating Resul...

EQS-News: Lenzing AG / Key word(s): Half Year Results Lenzing Group Reports Further Improvement in Operating Result 07.08.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Lenzing Group Reports Further Improvement in Operating Result Revenue up 4.8 percent year-on-year to EUR 1.31 bn in the first half of 2024 Performance program shows effect: EBITDA up 20.4 percent year-on-year to EUR 164.4 mn in in the first half of 2024 Free cash flow of EUR 141.5 mn (compared with minus EUR 165.4 mn in in the first half of 2023) Lenzing ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch