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 .

 

 

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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

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EN
14/08/2024

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