EQS-News: Lenzing AG: Lenzing tops Canopy’s globally renowned “Hot Button Ranking” 2022

EQS-News: Lenzing AG / Key word(s): Sustainability/Rating
   Lenzing AG: Lenzing tops Canopy’s globally renowned “Hot Button Ranking”
   2022

   17.11.2022 / 09:05 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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     • Global ranking standard evaluates the world’s cellulosic fiber
       manufacturers: Lenzing again recognized as champion of sustainability
       for responsible sourcing, innovation and transparency
     • Lenzing achieves the highest category for the third time already

   Lenzing – The Lenzing Group, the world’s leading supplier of sustainably
   produced specialty fibers, achieved first place in the “Hot Button
   Ranking” of the Canadian non-profit organization Canopy, thus confirming
   its leading role in the areas of sustainability and responsible wood and
   pulp sourcing. Lenzing can also once again celebrate a dark green shirt,
   synonymous with the highest category.

   In this ranking, which receives a lot of attention in the textile and
   apparel industry, Canopy evaluates the world’s 34 largest producers of
   cellulosic fibers in terms of their sustainable wood and pulp sourcing,
   their efforts with regard to the use of alternative raw materials and
   their achievements in the protection of ancient and endangered forests.
   Resource preservation is a key element of Lenzing’s corporate strategy and
   at the core of its innovation agenda. The sustainable production of
   TENCEL™, VEOCEL™ and LENZING™ ECOVERO™ branded specialty fibers is based
   on these principles.

   “We are very pleased that the steps we are taking as the Lenzing Group to
   continuously improve and find solutions to the most pressing problems of
   our time are being seen and honored,” said Robert van de Kerkhof, Chief
   Commercial Officer Fiber of the Lenzing Group. “We are working hard to
   make our industries even more sustainable and to drive the transformation
   of the textile business model from linear to circular. Further efforts
   from the entire industry are needed for this transformation to take
   place,” van de Kerkhof said.

   Efficient use of resources

   Wood and the pulp derived from it are the most important raw materials for
   the sustainable production of cellulosic fibers from Lenzing. The Lenzing
   Group assumes responsibility by striving for sustainable procurement based
   on environmental certificates and responsible and efficient use of these
   valuable resources. Lenzing sources wood and dissolving pulp from
   sustainably managed forests and plantations and not from ancient,
   protected or endangered forests.

   Promoting the circular economy

   With its REFIBRA™ and Eco Cycle technologies, Lenzing offers solutions for
   transforming the textile and nonwovens industries towards a circular
   economy. In line with its vision for the circular economy, “We give waste
   a new life. Every day.” Lenzing is driving the industry toward a full
   circular economy by striving to give waste a new life in all aspects of
   its core business and developing circular solutions together with
   potential partners inside and outside the current value chain. A milestone
   on this path is the cooperation with the Swedish pulp producer Södra. The
   two global market leaders, who have been proactively promoting the
   circular economy in the fashion industry for many years, are joining
   forces to give the topic a further boost and make a decisive contribution
   to solving the global textile waste problem by making fibers from
   post-consumer textiles.

   Today, Lenzing offers lyocell fibers made from 30 percent recycled cotton
   waste. The company aims to launch lyocell, modal and viscose staple fibers
   with up to 50 percent recycled post-consumer content on a commercial scale
   by 2025 and to develop a new circular business model by closing the loops
   for post-consumer waste. By 2025, the company plans to enter into further
   partnerships with 25 key supply chain companies, which again exemplifies
   Lenzing’s ambitious path in climate protection and the circular economy.

   Photo download:
   [1]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=aLKSx4Xu23ch
   PIN: aLKSx4Xu23ch

   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]sustainability@lenzing.com
   E-mail   [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
   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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   17.11.2022 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:      office@lenzing.com
   Internet:    www.lenzing.com
   ISIN:        AT0000644505
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1489953


    
   End of News EQS News Service


   1489953  17.11.2022 CET/CEST

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