The Lenzing Group, a global leader in specialty fibers for textiles and nonwovens, has reaffirmed its commitment to corporate transparency and climate action by earning a coveted spot on CDP's prestigious ‘A’ List for the third consecutive year. Out of more than 21,000 evaluated companies, Lenzing is among the elite ten achieving a triple ‘A’ rating for its performance in climate change mitigation, forest conservation, and water security.
CDP, renowned as the gold standard in environmental reporting, acknowledges Lenzing's alignment with the Task Force on Climate-Related Financial Disclosures (TCFD) and its significant contribution to fostering a sustainable, zero-carbon economy. With over 740 financial institutions representing trillions in assets leveraging CDP data for investment decisions, Lenzing's recognition underscores its pivotal role in driving environmental stewardship across industries.
Stephan Sielaff, CEO of the Lenzing Group, expressed pride in the company's sustainable initiatives, emphasizing the collective efforts of Lenzing's workforce in advancing sustainability goals. Sielaff highlighted Lenzing's relentless pursuit of a circular business model, emphasizing the need for industry-wide collaboration to effect meaningful change.
CDP CEO Sherry Madera commended Lenzing and other A List companies for their commitment to environmental transparency and urged continued action towards achieving a net-zero, nature-positive future. Recognizing the importance of comprehensive data in driving sustainability strategies, Madera underscored the pivotal role of A List companies in catalyzing industry-wide transformation.
Lenzing's sustainability strategy, anchored in decarbonization, responsible sourcing, and circularity, aligns with the United Nations Sustainable Development Goals (SDGs). Through sustainable raw material procurement and investments in renewable energy, Lenzing remains steadfast in its pursuit of environmental excellence.
The forthcoming publication of Lenzing's Annual and Sustainability Report 2023 on March 15, 2024, will provide a comprehensive overview of the company's sustainability progress and future commitments.
