EQS News: Lenzing AG / Keyword(s): Sustainability/Rating Lenzing once again receives top sustainability ratings from MSCI and SAC Higgs FEM January 11, 2024 / 09:29 CET/CEST The issuer/publisher is responsible for the content of the announcement . ═════════════════════════════════════════ ═════════ ════════════════════════ Lenzing again receives top sustainability ratings from MSCI and SAC Higgs FEM • Lenzing with a new “AA” rating from MSCI the top eight percent of the most sustainable companies worldwide • First-time SAC Higgs FEM verification delivered excellent results Lenzing – The Lenzing Group, the world’s leading provider of specialty fibers for the textile and nonwovens industries, is once again recognized for its achievements in the field of sustainability and its active contribution for transforming industry towards a circular economy. The rating agency MSCI gave Lenzing an “AA” rating for the third time in a row, which puts Lenzing in the top eight percent of the rated companies in its peer group. In addition, Lenzing took part in the SAC Higgs FEM verification for the first time to assess the environmental impact of product manufacturing at the locations and achieved excellently positive results. MSCI ranks Lenzing as one of the leading companies in its industry when it comes to governance structures. MSCI also highlights Lenzing’s leadership in introducing 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 water risk assessment. The confirmation of the “AA” rating from MSCI ESG enables Lenzing to further reduce its interest expenses. In November 2019, Lenzing placed a promissory note loan worth around EUR 500 million, which is tied to the company’s sustainability performance. In accordance with its obligation under the promissory note loan, the company will donate all of the interest expenses 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 most sustainable companies in the world. At Lenzing, we are working hard to make our industries even more sustainable and to promote the transformation of the textile business model from a linear to a circular economy model. This attitude is firmly anchored in our strategy and corporate values. “I am therefore particularly pleased with MSCI’s assessment and am proud that we as the Lenzing Group also achieved excellent results at the SAC Higgs FEM,” said Stephan Sielaff, Chairman of the Lenzing Group. SAC is an alliance of the clothing, footwear and textile industries, of which Lenzing is an active member. Lenzing achieved excellent results in the assessment of the Facility Environmental Module (FEM). The Higgs FEM is a revolutionary tool for assessing the environmental impact of product manufacturing in operations, providing a clear picture of a facility’s environmental impact. Every stage of the production process is recorded with this tool – from water consumption and waste management to the use of chemicals and energy. This not only identifies potential for improvement, but also reduces redundancies, mitigates risks and creates a common language for communicating sustainability to stakeholders. By November 2023, all sites, with the exception of those in Brazil and Thailand scheduled for 2024, have completed the first external verification of the module with excellent results. With almost 20,000 participating companies from different industries, which achieved an average of less than 50 percent in 2023, the Lenzing locations achieved verified values between 70 and 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 Telephone +43 7672 701 3417 Email Telephone +43 7672 701 2743 (4)sustainability@lenzing.com Email (2)media@lenzing.com Web (5) www.lenzing.com
Web (3) www.lenzing.com
About the Lenzing Group The Lenzing Group stands for ecologically responsible production of special fibers from the renewable raw material wood. With its innovative product and technology solutions, Lenzing is a partner of global textile and nonwovens manufacturers and a driver of numerous new developments. The Lenzing Group’s high-quality fibers are the starting material for a variety of textile applications – from elegant outerwear to versatile denim fabrics to high-performance sportswear. Due to their consistently high quality as well as their biodegradability and compostability, Lenzing fibers are also ideal for use in hygiene products and for agricultural applications. The Lenzing Group’s business model goes far beyond that of a classic fiber manufacturer. Together with its customers and partners, it develops innovative products along the value chain that create added value for consumers. The Lenzing Group strives for the efficient use and processing of all raw materials and offers solutions for transforming the textile industry towards a circular economy. In order to reduce the rate of global warming and achieve the goals of the Paris Climate Agreement and the EU Commission’s “Green Deal”, Lenzing has a clear vision: namely, to realize a CO(2)-free future. Data and facts Lenzing Group 2022 Sales: EUR 2.57 billion Nominal capacity (fibers): 1,145,000 tons Employees: 8,301 TENCEL™, VEOCEL™, LENZING™, REFIBRA™, ECOVERO™, LENZING MODAL™, LENZING VISCOSE™ , MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG. ═════════════════════════════════════════ ═════════ ════════════════════════ 01/11/2024 CET/CEST Publication of a corporate news/financial announcement, transmitted by EQS Group AG. www.eqs.com
═════════════════════════════════════════ ═════════ ════════════════════════ Language: German Company: Lenzing AG 4860 Lenzing Austria Telephone: +43 7672-701-0 Fax: +43 7672-96301 Email: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505 Indices: ATX Exchanges: Vienna Stock Exchange (official trading) EQS News ID: 1812823 End of message EQS News Service 1812823 01/11/2024 CET/CEST References Visible links 1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=d684d9fa8820a6c89c4c9d4df2738857&application_id=1812823&site_id=apa_ots_austria&application_name=news
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