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.
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.
Fibre2Fashion News Desk (JL)