EQS-News: Lenzing AG / Key word(s): Rating/Sustainability
Lenzing once again on CDP’s prestigious Triple A List, confirming
sustainability leadership
06.02.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Lenzing once again on CDP’s prestigious Triple A List, confirming
sustainability leadership
• Lenzing one of the only 10 companies in the world with a triple “A”
score
• Leading role in corporate transparency and performance on climate
change, forests and water security reaffirmed
• CDP is considered the gold standard for international environmental
reporting
Lenzing – The Lenzing Group, the world’s leading supplier of specialty
fibers for the textile and nonwovens industries, has once again been
recognized for leadership in corporate transparency and performance on
climate change, forests and water security by global environmental
non-profit CDP, securing a place on its annual “A List”. Based on data
reported through CDP’s 2023 Climate Change, Forests and Water Security
questionnaires, Lenzing is one of the only 10 companies that achieved a
triple “A” – out of over 21,000 companies scored and for the third year in
a row.
CDP is considered the gold standard of international environmental
reporting. Fully aligned with the Task Force on Climate-Related Financial
Disclosures (TCFD), CDP holds the largest environmental database in the
world, and CDP scores are widely used to drive investment and procurement
decisions towards a zero carbon, sustainable and resilient economy. In
2023, over 740 financial institutions with over USD 136 trillion in assets
requested companies to disclose data on environmental impacts, risks and
opportunities through CDP’s platform. A record-breaking 23,000 companies
responded, representing two thirds of global market capitalization.
“I am very grateful and proud of what the employees of the Lenzing Group
do every day to further expand our leading position in the field of
sustainability. Once again being on CDP’s Triple A List as one of the only
10 companies in the world is strong evidence that we are taking the right
measures,” said Stephan Sielaff, CEO of the Lenzing Group. “Lenzing is
working tirelessly to make the industries in which it operates even more
sustainable and to drive the transformation of the textile business model
from linear to circular. For this transformation to be successful, further
efforts are required from the entire industry.”
Sherry Madera, CEO of CDP, said: “Congratulations to all the companies on
CDP’s A List, and those companies that started or accelerated their
journey towards environmental transparency in 2023 – we saw a 24 percent
increase of disclosures last year and that trajectory is to be applauded.
It is only by laying the groundwork of disclosure that companies can show
they are serious about the vital part they play in securing a net-zero,
nature-positive future. Earning a place on the A List is about more than
the score. It’s an indication of high quality, complete data that equips
companies with a holistic view of their environmental impact, serves as a
baseline for transition plans and – crucially – enables them to follow
through on their ambitions. As we move deeper into the Decade of Action,
and as CDP continually raises the bar for what represents environmental
leadership, the work of A List companies is never complete. We look
forward to seeing all companies turn their commitments into further and
more meaningful and effective action.”
As part of its strategic principles and in its defined core areas such as
decarbonization, sustainable raw material sourcing and responsible water
management, Lenzing sets itself ambitious sustainability targets that
contribute directly to some of the United Nations Sustainable Development
Goals (SDGs) and takes concrete measures to achieve these goals. For
example, Lenzing pays attention to exclusively sustainable sourcing of
wood and dissolving wood pulp, optimal use of its raw materials,
continuous improvement of energy efficiency and investments in renewables.
Lenzing is also driving the transformation of the industry towards a fully
circular economy.
A detailed description of the sustainability goals and the progress made
in achieving these goals can be found in the
(1) https://reports.lenzing.com/sustainability-report/2022. The Annual and
Sustainability Report 2023 will be published on March 15, 2024.
Photo download:
(2) https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=5Gn5mTRavye3
PIN: 5Gn5mTRavye3
Your contact for
Public Relations: Investor Relations:
Dominic Köfner Sébastien Knus
Vice President Corporate Communications & Vice President Capital Markets
Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing,
Werkstraße 2, 4860 Lenzing, Austria Austria
Phone +43 7672 701 2743 Phone +43 7672 701 3599
E-mail (3)media@lenzing.com E-mail (5)p.knus@lenzing.com
Web (4) www.lenzing.com Web (6) 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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06.02.2024 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: 1830655
End of News EQS News Service
1830655 06.02.2024 CET/CEST
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