- Lenzing proceeds to march purposefully towards Group-vast local climate neutrality
- Lenzing identified as “sustainability champion” several instances around the world – a single of only 14 corporations awarded “AAA” score by CDP
- New, revolutionary reporting techniques – Lenzing presents its On-line Sustainability Report for the 1st time
Sustainability Report 2021 dependent on the results of the updated materiality investigation
The Lenzing Group, the world’s main provider of wooden-centered specialty fibers, unveiled its Sustainability Report 2021, on the celebration of “Earth Month”. Bearing the title “Linear to Circular”, the report emphasizes the company’s focus on very carefully balancing its desires with these of character in the spirit of the round economy. The report has been organized in accordance with the criteria of the Global Reporting Initiative (GRI) and the Austrian Sustainability and Variety Improvement Act (NaDiVeG) and audited by KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft.
“Our improvements in relation to the circular financial state and biodegradability stem from a deep feeling of obligation to our world and a want to act in techniques that long term generations can be proud of. We hope that you will explore and share this sense of obligation when you browse the Lenzing Sustainability Report 2021,” notes Robert van de Kerkhof, Member of the Managing Board of Lenzing Team.
Aiming for a carbon-neutral upcoming
With the implementation of the two crucial initiatives in Brazil and Thailand, as effectively as with the investments at the present Asian web sites in China and Indonesia amounting to EUR 200 mn, Lenzing continues to march purposefully in the direction of Group-extensive local weather neutrality. In 2019, Lenzing turned the first fiber manufacturer to set a goal to minimize its carbon emissions by 50 per cent by 2030 and to be internet-zero by 2050. This carbon reduction goal has been confirmed and accredited by the Science Primarily based Targets Initiative.
The partnership with Swedish pulp producer Södra marks a even further milestone in Lenzing’s attempts to know its bold local weather and sustainability objectives. These two worldwide market place leaders, which have been proactively endorsing the circular economic climate in the fashion sector for many years, are joining forces to give the issue a additional improve and to make a decisive contribution to resolving the world wide textile squander issue. An growth of capacities for pulp restoration from squander textiles is also planned. The intention is to be able to recycle 25,000 tonnes of utilized textiles for each year by 2025.
Sustainability is not only a incredibly significant element of approach at Lenzing, but also a guiding principle for innovation and product or service development. Lenzing continued to grow its product or service offering for the textile and nonwovens sectors in 2021. The 3rd quarter observed the presentation of the initially TENCEL™ lyocell fibers built from wooden- and orange-primarily based fiber pulp. The upcycling of orange peels as section of the TENCEL™ Limited Version initiative represents a further thriving step by Lenzing to acquire new shut loop remedies jointly with partners alongside the price chain. The introduction of the 1st carbon-neutral fibers on the world wide nonwovens market place underneath the VEOCEL™ brand comprises a further products innovation from the reporting calendar year that exemplifies Lenzing’s ambitious route in weather defense.
Resolution to plastic air pollution
With its wooden-dependent, biodegradable VEOCEL™ fibers, Lenzing’s nonwoven business enterprise also added benefits from new laws these types of as the One-Use Plastics Directive (EU) 2019/904. The EU Commission published its implementation rules in the second quarter, specifying which solutions fall inside the directive’s scope. Lenzing welcomes the measures taken by the EU in the joint fight by member states towards plastic squander air pollution.
In a review posted in October 2021, researchers from the renowned educational analysis institute Scripps Establishment of Oceanography (SIO) at the College of California, San Diego, verified that wood-centered cellulosic fibers biodegrade in the ocean inside of a small time body at the close of their existence cycle, earning them a appreciably greater choice to fossil-based synthetic fibers.
Honored as global “sustainability champion”
Lenzing received many awards throughout the world in 2021 for its achievements, primarily in the sustainability region: Lenzing was just one of only 14 businesses throughout the world to receive a “AAA” score from world non-earnings environmental corporation CDP for its environmental management in local climate improve, drinking water protection and forest conservation. CDP is identified as the gold typical of environmental reporting around the world.
Renowned score company MSCI upgraded Lenzing’s score from “A” to “AA”. Lenzing thus ranks among the the best six percent of businesses evaluated in its peer group. This improved MSCI ESG ranking also sales opportunities to a reduction in interest fees for Lenzing. Lenzing put a bonded financial loan of EUR 500 mn in November 2019, which is joined to its individual sustainability overall performance.
In the EcoVadis CSR ranking, Lenzing achieved platinum position for the initial time in 2021, rating it among the the prime 1 per cent of organizations evaluated globally in conditions of the surroundings, fair working problems and human legal rights, as nicely as ethics and sustainable procurement.
On the web Sustainability Report 2021: “Linear to Circular”
Lenzing is also taking new, revolutionary paths in conditions of its non-financial reporting. It will present its sustainability report in electronic type from 2022. “We have established ourselves the intention of also reflecting Lenzing’s higher stage of innovation in phrases of its communications, and we are breaking new and progressive ground in this area. This year, we are pleased to be in a position to present our reports in digital and therefore interactive kind for the to start with time. This not only tends to make our reporting more user-helpful, but also usually takes position precisely where the the greater part of our buyers are – on the internet,” comments Dominic Köfner, Vice President Corporate Communications & General public Affairs.
Materiality evaluation 2021
The material of the Sustainability Report 2021 is centered on outcomes of the new materiality assessment. The normal update is an integral part of Lenzing’s sustainability strategy “Naturally Positive”. In 2021, the materiality analysis was up-to-date and expanded. For the first time, a so-referred to as double materiality examination was carried out. It was made in 3 phases and, in contrast to the 2015 variation, developed new substance factors these as biodiversity and ecosystems, health and fitness and safety, and digitalization and cyber security.