EQS-News: Lenzing again receives top sustainability ratings from MSCI and SAC Higgs FEM

EQS-News: Lenzing AG / Key word(s): Sustainability/Rating
   Lenzing again receives top sustainability ratings from MSCI and SAC Higgs
   FEM

   11.01.2024 / 09:29 CET/CEST
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   Lenzing again receives top sustainability ratings from MSCI and SAC Higgs
   FEM

    

     • With an ”AA“ rating, Lenzing is among the top eight percent of the
       industry worldwide
     • First SAC Higgs FEM verification delivered excellent results

    

   Lenzing – The Lenzing Group, a leading global supplier of specialty fibers
   for the textile and nonwovens industries, has once again been recognized
   for its sustainability performance and its active contribution to
   transforming the industry towards a circular economy. The rating agency
   MSCI awarded Lenzing an “AA” rating for the third time in a row, placing
   Lenzing among the top eight percent of rated companies in its peer group.
   In addition, Lenzing participated for the first time in the SAC Higgs FEM
   verification to assess the environmental impact of product manufacturing
   at its sites and achieved excellent positive results.

    

   According to the rating agency MSCI, Lenzing continues to lead the way
   among global companies in terms of governance structures. In addition,
   MSCI highlights Lenzing’s leadership in implementing strong initiatives to
   mitigate the risk of environmental liabilities associated with the release
   of toxic pollutants and highlights its strong water stewardship program,
   which includes a water risk assessment. The confirmation of the “AA”
   rating from MSCI ESG enables Lenzing to further reduce its interest
   expense. In November 2019, Lenzing placed a bonded loan in the amount of
   around EUR 500 mn, which is linked to the company's sustainability
   performance. In line with its commitment under the bonded loan, the
   company will donate the entire interest expense it saves thanks to the
   “AA” rating to a social-ecological project.

    

   “I am proud that Lenzing is among the top eight percent of the world’s
   most sustainable companies. 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 MSCI rating and that we as the
   Lenzing Group have also achieved excellent results in the SAC Higgs FEM,”
   says Stephan Sielaff, CEO of the Lenzing Group.

    

   SAC is an alliance of the apparel, footwear and textile industries in
   which Lenzing is an active member. Lenzing has achieved outstanding
   results in the Facility Environmental Module (FEM) assessment. The Higgs
   FEM is a revolutionary tool for assessing the environmental impact of
   product manufacturing in factories and provides a clear picture of the
   environmental impact of a facility. Every stage of the production process
   is captured with this tool - from water consumption and waste management
   to the use of chemicals and energy. This not only identifies hotspots for
   improvement, but also reduces redundancies, mitigates risks and creates a
   common language for communicating sustainability to stakeholders.

    

   By November 2023, all Lenzing sites, with the exception of the sites in
   Brazil and Thailand, which are however scheduled for 2024, have completed
   the first external verification of the module with excellent results. With
   almost 20,000 participating companies from different sectors of industry,
   which achieved less than 50 percent in total average in 2023, Lenzing
   sites achieved verified scores of more than 70 percent to 95 percent.

    

    

   Photo download :

   [1]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=v3tBcHfJjpck
   PIN: v3tBcHfJjpck

    

    

   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     [3]sustainability@lenzing.com 
   Phone   +43 7672 701 2743        Web        [4]www.lenzing.com
   E-mail    media@lenzing.com       
   Web       [2]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.

    

   ══════════════════════════════════════════════════════════════════════════

   11.01.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   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: 1812823


    
   End of News EQS News Service


   1812823  11.01.2024 CET/CEST

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=d684d9fa8820a6c89c4c9d4df2738857&application_id=1812823&site_id=apa_ots_austria&application_name=news
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=1812823&site_id=apa_ots_austria&application_name=news
   3. mailto:sustainability@lenzing.com
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=1812823&site_id=apa_ots_austria&application_name=news

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT |

print