World’s largest provider of sustainability ratings, EcoVadis has awarded leading sustainable specialty fibers supplier, the Lenzing Group with Platinum status in CSR rating. The assessment comprehensively covers the four main CSR (Corporate Social Responsibility) practices; the environment, fair working conditions and human rights, as well as ethics and sustainable procurement.
In previous three years, Lenzing had received outstanding ratings in all categories, and was awarded Gold status in 2018, 2019 and 2020. The group’s ambitious climate targets form an essential part of its strategy and responsibility to future generations. In 2019, Lenzing became the world’s first fiber manufacturer to commit to reducing CO2 emissions per ton of product by 50 per cent by 2030, and even becoming climate-neutral by 2050. In its ratings, EcoVadis also highlighted the scientific validation of Lenzing’s climate targets by the Science Based Targets Initiative. In addition, Lenzing also focused on the group’s responsible procurement of raw materials – according to social and ecological aspects.
Since its inception in 2007, EcoVadis has become the world’s largest and most trusted provider of corporate sustainability ratings, creating a global network of more than 75,000 rated companies in 160 countries worldwide. It also provides information and tools that help to increase transparency within global supply chains. The methodological framework assesses companies’ policies, measures and activities, as well as their published reports, in relation to the environment, labour and human rights, ethics and sustainable procurement.