EQS-News: Lenzing AG / Key word(s): Sustainability/Rating
Lenzing again receives top sustainability ratings from MSCI and SAC Higgs
FEM
11.01.2024 / 09:29 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Lenzing again receives top sustainability ratings from MSCI and SAC Higgs
FEM
• With an ”AA“ rating, Lenzing is among the top eight percent of the
industry worldwide
• First SAC Higgs FEM verification delivered excellent results
Lenzing – The Lenzing Group, a leading global supplier of specialty fibers
for the textile and nonwovens industries, has once again been recognized
for its sustainability performance and its active contribution to
transforming the industry towards a circular economy. The rating agency
MSCI awarded Lenzing an “AA” rating for the third time in a row, placing
Lenzing among the top eight percent of rated companies in its peer group.
In addition, Lenzing participated for the first time in the SAC Higgs FEM
verification to assess the environmental impact of product manufacturing
at its sites and achieved excellent positive results.
According to the rating agency MSCI, Lenzing continues to lead the way
among global companies in terms of governance structures. In addition,
MSCI highlights Lenzing’s leadership in implementing strong initiatives to
mitigate the risk of environmental liabilities associated with the release
of toxic pollutants and highlights its strong water stewardship program,
which includes a water risk assessment. The confirmation of the “AA”
rating from MSCI ESG enables Lenzing to further reduce its interest
expense. In November 2019, Lenzing placed a bonded loan in the amount of
around EUR 500 mn, which is linked to the company’s sustainability
performance. In line with its commitment under the bonded loan, the
company will donate the entire interest expense it saves thanks to the
“AA” rating to a social-ecological project.
“I am proud that Lenzing is among the top eight percent of the world’s
most sustainable companies. 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 MSCI rating and that we as the
Lenzing Group have also achieved excellent results in the SAC Higgs FEM,”
says Stephan Sielaff, CEO of the Lenzing Group.
SAC is an alliance of the apparel, footwear and textile industries in
which Lenzing is an active member. Lenzing has achieved outstanding
results in the Facility Environmental Module (FEM) assessment. The Higgs
FEM is a revolutionary tool for assessing the environmental impact of
product manufacturing in factories and provides a clear picture of the
environmental impact of a facility. Every stage of the production process
is captured with this tool – from water consumption and waste management
to the use of chemicals and energy. This not only identifies hotspots for
improvement, but also reduces redundancies, mitigates risks and creates a
common language for communicating sustainability to stakeholders.
By November 2023, all Lenzing sites, with the exception of the sites in
Brazil and Thailand, which are however scheduled for 2024, have completed
the first external verification of the module with excellent results. With
almost 20,000 participating companies from different sectors of industry,
which achieved less than 50 percent in total average in 2023, Lenzing
sites achieved verified scores of more than 70 percent to 95 percent.
Photo download :
(1) https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=v3tBcHfJjpck
PIN: v3tBcHfJjpck
Your contact for
Public Relations: Corporate Sustainability:
Dominic Köfner Krishna Manda
Vice President Corporate Vice President Corporate Sustainability
Communications & Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria
Werkstraße 2, 4860 Lenzing,
Austria Phone +43 7672 701 3417
E-mail (3)sustainability@lenzing.com
Phone +43 7672 701 2743 Web (4) www.lenzing.com
Medium email@lenzing.com
Web (2) 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 2022
Revenue: EUR 2.57 bn
Nominal capacity: 1,145,000 tonnes
Number of employees (headcount): 8,301
TENCEL™, VEOCEL™, LENZING™, REFIBRA™, ECOVERO™, LENZING MODAL™, LENZING
VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.
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11.01.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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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: 1812823
End of News EQS News Service
1812823 11.01.2024 CET/CEST
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