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Fibres & Yarns

Lenzing Group further improves sustainability rating

The Lenzing Group was raised to B- by the sustainability rating agency ISS ESG and awarded ‘Prime Status’

21st September 2020

Knitting Industry
 |  Lenzing, Austria

Intimate Apparel

In its latest report, ISS ESG, a recognized ratings agency in the field of sustainability, raised the Lenzing Group’s sustainability rating from C+ to B-, the highest rating in the category Paper & Forest Products, positioning the Lenzing Group among the top 10% of rated companies. The ‘Prime Status’ of the Lenzing Group has also been confirmed, Lenzing reports.

“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”, says Stefan Doboczky, CEO of the Lenzing Group.

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

ISS ESG is one of the leading agencies for sustainability ratings internationally and currently covers more than 8,000 issuers worldwide, Lenzing explains. 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 and 40 companies from all over the world are rated in the Paper & Forest Product” category. The best rating in this category is B-.

www.lenzing.com

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