EQS-News: Lenzing AG: Lenzing named sustainability champion for the second time

EQS-News: Lenzing AG / Key word(s): Sustainability/Rating
   Lenzing AG: Lenzing named sustainability champion for the second time

   27.09.2022 / 08:51 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Lenzing named sustainability champion for the second time

    

     • Lenzing has been awarded the highest CSR rating from EcoVadis for the
       second consecutive time
     • Global rating standard evaluates 90,000 companies: Lenzing among top 1
       percent of its industry
     • Lenzing joins the UN Global Compact sustainability initiative

    

   Lenzing – Lenzing Group, a world-leading provider of sustainably produced
   specialty fibers, has been awarded platinum status in the CSR rating from
   EcoVadis. This comprehensive assessment covers the four key practices of
   corporate social responsibility: the environment, fair working conditions
   and human rights, ethics and sustainable procurement.

    

   This is the second time that EcoVadis, a leading international provider of
   sustainability ratings for businesses, has awarded platinum status to
   Lenzing for its sustainability performance. As a result, Lenzing ranks
   among the world’s top 1 percent of companies in its sector that are rated
   by EcoVadis.

    

   "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 attitude is firmly
   anchored in our strategy and corporate values. I am therefore particularly
   pleased to receive this highest rating from the internationally renowned
   organization," 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, aimed
   at bolstering its capacity to move from a linear to a circular model.
   Lenzing reports the corresponding implementation measures and the progress
   it has made in its annual sustainability report. This high level of
   accountability and transparency was particularly praised in the assessment
   by EcoVadis. The rating provider also highlighted Lenzing’s comprehensive
   measures to reduce air pollution, wastewater and greenhouse gases, in
   addition to its provision of skills development training and health care
   programs for staff members.

    

   Since it was founded in 2007, EcoVadis has become the world’s largest and
   most trusted provider of sustainability ratings for businesses and has
   created a global network of more than 90,000 rated companies in over 175
   countries around the world. The organization also offers information and
   tools to enhance transparency in global supply chains. The methodology
   applied assess the guidelines, measures and activities of companies, as
   well as the reports they publish with regard to the environment, labor and
   human rights, ethics and sustainable procurement.

   Partnerships for systemic change

   Lenzing forges strategic partnerships with various stakeholders to meet
   its ambitious climate and sustainability targets and drive forward
   systemic change in the textile and nonwoven industries. The world is now
   more closely connected than ever. Improved access to technology and
   science is a vital instrument for sharing ideas and promoting innovation.
   Based on this cooperative approach, Lenzing is also among the 15,000
   companies worldwide that have joined the United Nations Global Compact.
   The UN Global Compact is the world’s largest and most important initiative
   for responsible corporate governance. As a member, Lenzing is committed to
   upholding human rights, respecting the rights of employees and their
   representatives, protecting the environment, enabling fair competition and
   combating corruption. The principles of the UN Global Compact are
   incorporated into Lenzing’s strategy and corporate culture. This worldwide
   movement of economic, political and civil society stakeholders aims to
   create a more social and ecological model of globalization.

    

    

   Photo download:

   [1]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=48MjblCeUHQn
   PIN: 48MjblCeUHQn

    

   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            [4][email protected]
   E-mail    [2][email protected]     Web        [5]www.lenzing.com
   Web       [3]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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   27.09.2022 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:      [email protected]
   Internet:    www.lenzing.com
   ISIN:        AT0000644505
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1450403


    
   End of News EQS News Service


   1450403  27.09.2022 CET/CEST

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