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.
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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
(1)https://reports.lenzing.com/annual-and-sustainability-report/2023/.
Photo download:
(2)https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=1IFJXq3Uan0w
PIN: 1IFJXq3Uan0w
Your contact for
Public Relations: Corporate Sustainability:
Dominic Köfner Krishna Manda
Vice President Corporate Vice President Corporate
Communications & Public Affairs Sustainability
Lenzing Aktiengesellschaft Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria Werkstraße 2, 4860 Lenzing, Austria
Phone +43 7672 701 2743 Phone +43 7672 701 3417
E-mail (3)media@lenzing.com E-mail
Web (4)www.lenzing.com (5)sustainbility@lenzing.com
Web (6)www.lenzing.com
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.
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14.08.2024 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: 1968023
End of News EQS News Service
1968023 14.08.2024 CET/CEST
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