Lenzing presents Annual and Sustainability Report 2024
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

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

   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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