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- Lenzing again named sustainability champion with highest score in EcoVadis CSR rating
- Global rating standard evaluates more than 100,000 companies: Lenzing among top 1 percent
Lenzing, August 3, 2023
The Lenzing Group, a world-leading provider of specialty fibres for the textile and nonwoven industries, has been awarded platinum status in the EcoVadis CSR rating. The rating comprehensively covers the four most important practices in the area of corporate social responsibility: environment, fair working conditions and human rights, as well as ethics and sustainable procurement.
For the third time, Lenzing has been awarded Platinum status for its sustainability performance by EcoVadis, a leading international provider of sustainability ratings for companies. This puts Lenzing in the top one percent of companies worldwide rated by EcoVadis. EcoVadis has become the world’s largest and most trusted provider of corporate sustainability ratings since its founding in 2007, creating a global network of more than 100,000 rated companies worldwide. The methodological framework assesses companies’ policies, actions and activities, as well as their published reports, related to the environment, labor and human rights, ethics and sustainable procurement.
“At Lenzing, we are working hard to make our industries 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 the highest rating from the internationally renowned organization and am proud that we as the Lenzing Group have now been awarded Platinum status for the third time,” says Stephan Sielaff, CEO of the Lenzing Group.
In line with its sustainability strategy “Naturally positive”, the Lenzing Group has set ambitious targets in each of its core strategic areas to further strengthen its path from a linear to a circular economy model. Lenzing reports annually on the corresponding implementation measures and the progress made in its sustainability report. This level of commitment and transparency was particularly positively highlighted by EcoVadis in its assessment. The rating provider also emphasized the Lenzing Group’s comprehensive measures in the areas of environment, ethics, and labor and human rights. You can learn more about Lenzing’s sustainability goals, progress as well as other renowned rankings in the online Sustainability Report 2022 at https://reports.lenzing.com/sustainability-report/2022/.
About the Lenzing Group
The Lenzing Group stands for ecologically responsible production of specialty fibres 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 fibres 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 fibres 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