EANS-News: Lenzing AG CDP, the gold standard of environmental reporting, names Lenzing as one of the most sustainable companies worldwide
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Lenzing is one of only 14 companies worldwide that were recognized with an
outstanding triple ?A? for environmental leadership in climate change, water
security and forests.
Company Information
Lenzing - The Lenzing Group, a world-leading provider of wood-based specialty
fibers, has been recognized for leadership in corporate sustainability by global
environmental non-profit organization CDP, securing a place on its prestigious
"A List" for tackling climate change as well as acting to protect water security
and forests.
Through significant demonstrable action on climate, water security risks and
deforestation, Lenzing is leading on corporate environmental ambition, action
and transparency worldwide. The world's economy looks to CDP as the gold
standard of environmental reporting with the richest and most comprehensive
dataset on corporate and city action. In 2021, over 590 investors with over USD
110 trillion in assets and 200 major purchasers with USD 5.5 trillion in
procurement spend requested companies to disclose data on environmental impacts,
risks and opportunities through CDP's platform. A record-breaking 13,000
companies responded.
"We are very proud to have even topped our excellent ratings from the previous
year. The triple 'A' rating shows that we are already on a very good path with
our sustainability strategy, and it encourages us for the future to remain true
to this path and to continue to develop in order to be able to welcome a CO2-
neutral future as soon as possible", says Cord Prinzhorn, CEO of the Lenzing
Group. "The textile and nonwoven industry has to change and we strongly believe
that we cannot be complacent about the inherent climate advantage of wood-based
cellulosic fibers. This is why we have set ourselves ambitious sustainability
targets and are making huge investments in order to meet them," says Prinzhorn.
Paul Simpson, CEO of CDP, said: "Many congratulations to all the companies on
this year's 'A' List. Taking the lead on environmental transparency and action
is one of the most important steps businesses can make, even more so in the year
of COP26 and the IPCC's Sixth Assessment Report. The scale of the risk to
businesses from climate change, water insecurity and deforestation can no longer
be ignored, and we know the opportunities of action far outweigh the risks of
inaction. Leadership from the private sector is essential for securing global
ambitions for a net-zero, nature positive and equitable world. Our 'A' List
celebrates those companies who are preparing themselves to excel in the economy
of the future by taking action today."
Zwtl.: Advancing circularity
Sustainable wood and pulp sourcing as well as responsible water stewardship are
defined as two prominent focus areas in Lenzing Group's sustainability strategy.
The Lenzing Group assumes responsibility by striving for sustainable procurement
based on environmental certificates and responsible and efficient use of these
valuable resources. Lenzing's biorefinery process ensures that 100 percent of
wood constituents are used: to produce dissolving wood pulp for fiber
production, biorefinery products, and bioenergy.
In addition, with its recycling technologies REFIBRA TM and Eco Cycle, Lenzing
offers solutions for transforming the textile and nonwovens industries from a
linear towards a circular economy. In line with its vision for the circular
economy, "We give waste a new life. Every day." One 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 issue a further boost
and make a decisive contribution to solving the global textile waste problem.
Zwtl.: Forging ahead with new technologies
In line with the company's sCore TEN strategy, Lenzing aims to generate
profitable growth via sustainable innovation and will continue to accelerate
this process in order to strengthen its resilience in the long term, as well as
its position as a leading provider of wood-based, biodegradable specialty
fibers. The finalization of two major projects with a total investment volume of
more than EUR 1.5 bn is a significant milestone on the road to a zero-carbon
future. Thanks to its pioneering infrastructure, the lyocell plant in Thailand
can be supplied with sustainable biogenic energy. The pulp mill in Brazil will
feed more than 50 percent of the electricity it generates into the public grid
as renewable energy.
Moreover, specific roadmaps for implementing the group's climate targets have
been agreed for all its existing locations. Lenzing is currently investing more
than EUR 200 mn in its Asian production sites to transform existing capacities
for standard viscose into capacity for eco-friendly specialty fibers. In
Nanjing, Lenzing will establish the first wood-based fiber complex in China that
does not depend on coal as an energy source. Lenzing also plans to install a
photovoltaic system covering an area of 55,000 m² at its site in Upper Austria
as well as a new, state-of-the-art wastewater treatment facility at its UK plant
in Grimsby.
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Further inquiry note:
Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing AG
Phone: +43 7672 701 2743
E-mail: media@lenzing.com
end of announcement euro adhoc
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issuer: Lenzing AG
A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW: http://www.lenzing.com
ISIN: AT0000644505
indexes: ATX, WBI
stockmarkets: Wien
language: English