EQS-News: Lenzing AG: Lenzing partners with TfS to build global sustainable supply chains

EQS-News: Lenzing AG / Key word(s): Sustainability/Alliance
   Lenzing AG: Lenzing partners with TfS to build global sustainable supply
   chains

   15.06.2022 / 09:00
   The issuer is solely responsible for the content of this announcement.

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     • Lenzing continues to focus on partnering for systemic change
     • Clear commitment to improving the environmental footprint of textile
       and nonwoven industries
     • Global initiative TfS promotes sustainable design of global supply
       chains

   Lenzing – The Lenzing Group, a world-leading provider of wood-based
   specialty fibers for the global textile and nonwoven industries, has
   joined the chemical industry’s sustainable supply chain initiative,
   Together for Sustainability (TfS). Together with Lenzing, numerous
   internationally active chemical companies have joined the initiative.
   Their common goal is to make the global supply chains of the chemical
   industry sustainable.

   “Joining the TfS initiative is another clear commitment to improving the
   environmental footprint of the global textile and nonwoven industries and
   proves that sustainability is taken very seriously at Lenzing – so much so
   that sustainability is at the heart of our business strategy. So much so,
   it sits at the core of the Group’s business strategy. The industry needs
   innovation in order to transition from linear to circular ways of working,
   and Lenzing will continue to partner across the supply chain to bring this
   vision to life,” says Robert van de Kerkhof, Chief Commercial Officer
   Fiber at Lenzing.

   Partnering for systemic change

   Complex global sustainability challenges require a collaborative approach
   to developing systemic solutions, involving many stakeholder groups. In
   order to make the global textile and nonwovens industries more sustainable
   and bring about systemic change, Lenzing has therefore also been building
   on partnerships within its sustainability strategy “Naturally Positive”
   for many years.

   “I am very proud to welcome Lenzing to the TfS family, bringing the TfS
   membership to 37 companies. Together and with our strategic partners we
   continue to expand our reach and increase our impact on the sustainability
   performance in chemical supply chains. Given the regulatory landscape,
   climate challenges and market conditions, the need for sustainable
   businesses only intensifies. TfS is the crucial enabler to make supply
   chains and businesses at large more sustainable and contribute to
   developing a better world”, says TfS President Bertrand Conquéret.

   The global TfS initiative follows the principles of the UN Global Compact
   and Responsible Care. More info can be found at [1]www.tfs-initiative.com.

   Photo download:

   [2]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=nIucLNT9T2UR
   PIN: nIucLNT9T2UR
    

   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               [5]sustainability@lenzing.com
   E-mail   [3]media@lenzing.com           Web        [6]www.lenzing.com
   Web      [4]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 2021
   Revenue: EUR 2.19 bn
   Nominal capacity: 1,145,000 tonnes
   Number of employees (headcount): 7,958
    
   TENCEL™, VEOCEL™, LENZING™,  REFIBRA™, ECOVERO™,  LENZING MODAL™,  LENZING
   VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.

    

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   15.06.2022 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: 1375465


    
   End of News EQS News Service


   1375465  15.06.2022 

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