Tuesday, December 6, 2022

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Lenzing Group further improves its sustainability rating


In its latest report, ISS ESG, one of the most recognised rating agencies in the field of sustainability, raised Lenzing Group’s sustainability rating from “C+” to “B-”. This was the highest rating in “Paper & Forest Products” category, positioning Lenzing Group, a leader of sustainably produced specialty fibres, among the top 10 per cent of rated companies.


The “Prime Status” of the Lenzing Group has also been confirmed. “The top performance in the ISS ESG ranking is a great recognition of our work. We are proud to be among the absolute top companies in the world when it comes to sustainable business,” Stefan Doboczky, CEO of the Lenzing Group, said in a press release. 


An essential part of the Lenzing Group’s strategy are its ambitious climate goals. In 2019, Lenzing was the first fibre manufacturer in the world to make a strategic commitment to climate-neutral production. This vision is to be put into practice by 2050. By 2030, the company is aiming for the interim goal of reducing emissions by 50 per cent per ton of product compared to 2017. The Science Based Targets Initiative, the most recognised organisation in the field of climate-relevant target setting, has scientifically confirmed the climate targets of the Lenzing Group.


ISS ESG is one of the leading agencies for sustainability ratings internationally and currently covers more than 8,000 issuers worldwide. The assessment of sustainability performance is based on more than 800 individual indicators in the areas of environmental, social and governance (so-called ESG criteria) performance. 40 companies from all over the world are rated in the “Paper & Forest Products” category. The best rating in this category is “B-”.

Fibre2Fashion News Desk (JL)


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