EQS-News: Lenzing AG / Key word(s): Sustainability/Annual Results
“Activate Transformation Here”: Lenzing presents Annual and Sustainability
Report 2024
14.03.2025 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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“Activate Transformation Here”: Lenzing presents Annual and Sustainability
Report 2024
• Non-financial statement published for the first time in accordance
with European Sustainability Reporting Standards (ESRS) and updated
double materiality
• Measurable progress in achieving ambitious sustainability and climate
goals
Lenzing – The Lenzing Group, a leading provider of regenerated cellulose
fibers for the textile and nonwoven industries, has published its 2024
Annual and Sustainability Report, once again setting a strong example of
ecological, social, and economic success. Titled “Activate Transformation
Here”, this combined report, available digitally
at(1) reports.lenzing.com, is not only a review but also a call to action
and entry point to positively transform the textile and nonwoven industry
together.
“To preserve our livelihoods and those of future generations, the global
textile and nonwoven industry must transition to sustainable production.
Although the necessary technologies and capacities are gradually coming to
market, little progress has been made on a global scale so far,” says
Rohit Aggarwal, CEO of the Lenzing Group. “At Lenzing, we have the
know-how to produce fibers on a large scale from renewable raw materials
and to recycle them sustainably. To make a difference, we need to move
towards industry-wide collaboration with binding standards. This is
certainly a challenge, but also an opportunity.”
The consolidated non-financial statement of the 2024 Annual and
Sustainability Report complies in all material respects with the
guidelines of the Global Reporting Initiative (GRI) and the legal
requirements of the EU Taxonomy Regulation, and was also prepared for the
first time in accordance with the European Sustainability Reporting
Standards (ESRS). The report was audited by KPMG Austria GmbH
Wirtschaftsprüfungs- und Steuerberatungsgesellschaft.
As part of a double materiality analysis, Lenzing identified the key
issues related to its sustainability-oriented business model in a
multi-stage approach in 2024. Together with Lenzing’s stakeholders, the
following topics were defined as material: climate & energy, water &
pollution, biodiversity & ecosystems, circular economy & resources,
responsible wood procurement, sustainable innovations & products, human
rights & fair labor practices, business ethics, and transparency.
Lenzing has set ambitious, group-wide sustainability goals for the key
challenges in each of its strategic focus areas. The goals also contribute
to the United Nations Sustainable Development Goals (SDGs).
Striving towards net zero
In 2024, Lenzing updated its climate targets to align its commitment to
climate protection with the goals of the Paris Agreement to limit global
temperature rise to 1.5 degrees Celsius. The Science Based Targets
Initiative (SBTi), the leading organization in climate-related target
setting, reviewed and confirmed this target upgrade. Lenzing is the only
producer of regenerated cellulose fibers with a verified science-based
net-zero target.
To achieve both near-term and long-term science-based targets, Lenzing is
currently implementing a climate action plan that is part of the corporate
strategy and has been approved by the Managing Board. In recent years, the
company has invested in a photovoltaic system and a biomass power plant
for its Austrian sites. Lenzing also invested more than EUR 200 mn to
modernize its production sites in China and Indonesia. The conversion
measures, which included upgrading to specialty fiber capacities and
reducing specific emissions, were implemented in 2023. With the
commissioning of two gas turbines at the Chinese site, Lenzing achieved
another milestone in the transition of its energy supply from coal to
natural gas in the reporting year.
The production of dissolving pulp and fibers are energy-intensive
processes that pose a challenge for Lenzing. The company avoids fossil
energy as much as possible and replaces it with renewable energy sources.
Investments in state-of-the-art technologies and manufacturing processes
with low CO(2) emissions have helped increase energy efficiency and reduce
the company’s overall greenhouse gas emissions.
The non-profit organization CDP confirmed Lenzing’s performance and
leadership in this area by placing the company on the prestigious A-List
in the “Climate” category for the fourth consecutive year.
Lenzing has reduced its specific greenhouse gas emissions by 41 percent
since 2017 and is on track to meet its science-based targets.(2)^(1)
Lenzing also made further progress in reducing wastewater emissions. In
addition to the full commissioning of its upgraded wastewater treatment
plant at the Indonesian site, Lenzing also implemented further measures to
install a new wastewater treatment plant at the Grimsby site (United
Kingdom) in the reporting year. The commissioning of the plant, in which
Lenzing has invested EUR 24 mn since 2021, is planned for 2025. Upon
completion of this project, wastewater emissions at the site are expected
to be reduced by up to 80 percent.
Focus on sustainable innovations
To support its customers and partners in achieving their climate goals and
to further strengthen its position as a leading integrated fiber company,
Lenzing continues to focus on sustainable innovations with strong product
brands.
Lenzing introduced hydrophobic cellulose fibers for sustainable nonwovens
that offer completely new product solutions for hygiene applications
thanks to their innovative ability to pass liquids over their surface,
that could previously only be achieved by using synthetic fibers.
Together with the technology start-up Exponent Envirotech, an innovative
waterless dyeing technology for regenerated cellulose fibers was
introduced, reducing water and dye consumption by 95 percent and 40
percent, respectively, compared to conventional water-based dyeing
processes.
Lenzing also proactively developed and promoted innovations during the
reporting year to provide economically viable and scalable solutions to
the global textile waste problem and to drive the transition to a circular
economy model. Together with leather alternatives expert Recyc Leather,
Lenzing launched new shoe materials made from TENCEL™ Lyocell fibers and
recycled leather fibers, which are characterized by a lower environmental
impact.
The project “Glacial Threads: From Forests to Future Textiles” that merges
glacier protection with textile recycling, is another example of Lenzing’s
innovative power for the reporting period. Geotextiles made from
biodegradable LENZING™ fibers(3)^(2) make a significant contribution to
protecting glaciers, which are severely threatened by global warming,
without polluting the environment with microplastics. Together with a
network of innovative partners, Lenzing is currently working on processing
geotextiles into new textile fibers after their use. The pilot project was
awarded the “Biodiversity and Water Award” at the CNMI Sustainable Fashion
Awards 2024 in Milan.
Lenzing’s pioneering work in this area is also exemplified by the CELLFIL
project, launched in 2024 and co-financed by the EU with EUR 6.9 mn. As
part of this project, Lenzing is working with the non-profit organization
RTDS Group and 13 other partners from research and industry to promote the
scaling of lyocell filaments.
Since 2021, Lenzing has been working with Swedish pulp producer Södra to
jointly develop new processes for recycling used textiles on an industrial
scale. The project was supported in 2023 with a EUR 10 mn grant from the
EU under the LIFE 2022 program.(4)^(3)
Champion of sustainability
Sustainability combined with transparency and traceability, innovation,
and strong brands are Lenzing’s key differentiators. For its achievements
and leadership in ecological and social sustainability, Lenzing was once
again recognized by the industry’s most important rating providers. In
addition to its top CDP rating in the “Climate Change” category, Lenzing
also received very good “A-“ and “B” ratings from CDP in the “Forests” and
“Water Security” categories. In the CSR rating by EcoVadis, Lenzing
achieved platinum status, the highest rating, for the fourth consecutive
time, placing it in the top one percent of companies evaluated worldwide.
MSCI rated Lenzing with an “A”, and achieved first place in the global
“Hot Button Ranking” by the non-profit organization Canopy, which
evaluates the performance of global producers of regenerated cellulose
fibers in the areas of sustainable sourcing, transparency, and innovation.
The results for the 2024 financial year have already been published. You
can read the corresponding press release here:
(5)https://www.lenzing.com/newsroom/press-releases.
Photo download:
(6)https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=iqfKyU6vguw8
PIN: iqfKyU6vguw8
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
Phone +43 7672 701 2743 (9)sustainability@lenzing.com
E-mail (7)media@lenzing.com Web (10)www.lenzing.com
Web (8)www.lenzing.com
About the Lenzing Group
The Lenzing Group stands for the responsible production of specialty and
premium fibers based on regenerated cellulose. 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 are the raw material for a wide range of textile
applications – ranging from functional, comfortable, and fashionable
clothing through to durable and sustainable home textiles. TÜV-certified
biodegradable and compostable Lenzing fibers are also ideal for demanding
use in everyday hygiene applications.
The Lenzing Group’s business model extends far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, adding value
for consumers. The Lenzing Group strives for efficient utilization and
processing of all raw materials and offers solutions for the transition of
the textile industry from the current linear economic system to a circular
economy. In order to align its commitment to limiting man-made climate
change with the goals of the Paris Agreement, Lenzing has a clear,
science-based climate action plan that provides for a significant
reduction in greenhouse gas emissions (Scopes 1, 2, and 3) by 2030 and a
net-zero target by 2050.
Key Facts & Figures Lenzing Group 2024
Revenue: EUR 2.66 bn
Nominal capacity (fibers): 1,110,000 tonnes
Employees (full-time equivalents): 7,816
TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™, and REFIBRA™ are trademarks
of Lenzing AG.
(11)^(1) Scope 1, 2 and 3; reported per ton of pulp and fiber sold; index
based on t CO2 eq./t, 2017 = 100 %
(12)^(2) LENZING™ fibers which are TÜV certified as biodegradable (soil,
fresh water & marine) and compostable (home & industrial) include the
following products: LENZING™ Viscose Standard textile/ nonwovens, LENZING™
Lyocell Standard textile/nonwovens, LENZING™ Modal Standard textile,
LENZING™ Lyocell Filament, LENZING™ Lyocell Dry and LENZING™ Nonwoven
Technology. An exception in certification exists for the LENZING™ Lyocell
Filament fiber, for which the necessary tests to confirm biodegradability
within a marine environment have not been conducted.
(13)^(3) Project 101113614 — LIFE22-ENV-SE-TREATS
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14.03.2025 CET/CEST This Corporate News was distributed by EQS Group.
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: 2100672
End of News EQS News Service
2100672 14.03.2025 CET/CEST
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