EQS-News: Lenzing AG: Lenzing awarded sustainability prize by the Vienna Stock Exchange
EQS-News: Lenzing AG / Key word(s): Sustainability
Lenzing AG: Lenzing awarded sustainability prize by the Vienna Stock
Exchange
02.06.2023 / 10:21 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Lenzing awarded sustainability prize by the Vienna Stock Exchange
• Vienna Stock Exchange VÖNIX Sustainability Award 2023 goes to Lenzing
• Winner of the category “Industrials”
• Lenzing is clearly on course to achieve group-wide carbon neutrality,
while rapidly driving forward the transition to circularity
Lenzing – The Lenzing Group, a world-leading provider of specialty fibers
for the textile and nonwoven industries, received the Vienna Stock
Exchange VÖNIX Sustainability Award at a ceremony yesterday evening. This
is Austria’s most important sustainability prize for top companies listed
on the stock market and was awarded to Lenzing for obtaining first place
in the “Industrials” category. The prestigious prize recognizes companies
that excel on the capital market due to their outstanding sustainability
performance.
The Lenzing Group achieved the best scoring in its category according to
the VBV (Austrian sustainability index), which is the sustainability
benchmark of the Austrian stock market. Other well-known environmental
organizations and rating agencies such as CDP, EcoVadis and MSCI
recognized Lenzing’s efforts in the field of sustainability and the
transformation to circularity in 2022.
“We are very proud to receive this award, which recognizes our continuous
commitment to sustainability. We now plan to make the next move and forge
ahead with the transition from a linear to a circular economy model. As
champions of sustainability, we know that change is vital in the textile
and nonwoven industries in moving towards a circular economy,” comments
Christian Skilich, Member of the Managing Board at the Lenzing Group.
Lenzing has also made valuable progress towards meeting its climate
targets. One example is the recent announcement of its acquisition of a
biomass power plant to supply energy to the site in Burgenland. At its
Heiligenkreuz facility, the Lenzing Group produces environmentally
friendly TENCEL™ and VEOCEL™ branded lyocell fibers for the textile and
nonwoven industries, as well as a variety of premium fibers including
TENCEL™ brand with x REFIBRA™ technology and carbon-neutral TENCEL™
branded lyocell fibers. The exclusive use of biomass from the nearby power
station will enable the site to reduce its carbon emissions associated
with energy use by some 50,000 tons of CO[2] annually. Lenzing’s specialty
fibers contribute to significantly lower carbon emissions throughout the
supply chain, helping brands and retailers in particular to meet their
climate and sustainability targets.
Lenzing also plans to continue focusing on achieving profitable growth in
its specialty products and will keep pressing ahead with the issue of
recycling, thus making a valuable contribution to the transformation of
the textile and clothing industry from a linear to a circular economy
model.
For more information on the Lenzing Group’s sustainability targets,
progress and other prestigious awards for its sustainable products and
services, please see the online Sustainability Report 2022 at
[1]reports.lenzing.com/sustainability-report/2022/index.html.
Photo download:
[2] https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=KdW2x4MKn73R
PIN: KdW2x4MKn73R
Your contact for
Public Relations: Investor Relations:
Dominic Köfner Sébastien Knus
Vice President Corporate Vice President Capital Markets
Communications & Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria
Werkstraße 2, 4860 Lenzing, Austria
Phone +43 664 8281576
Phone +43 7672 701 2743 E-mail [4]s.knus@lenzing.com
E-mail media@lenzing.com Web [5] www.lenzing.com
Web [3] www.lenzing.com
About the Lenzing Group
The Lenzing Group stands for ecologically responsible production of
specialty fibers made from the renewable raw material wood. As an
innovation leader, Lenzing is a partner of global textile and nonwoven
manufacturers and drives many new technological developments.
The Lenzing Group’s high-quality fibers form the basis for a variety of
textile applications ranging from elegant clothing to versatile denims and
high-performance sports clothing. Due to their consistent high quality,
their biodegradability and compostability Lenzing fibers are also highly
suitable for hygiene products and agricultural applications.
The business model of the Lenzing Group goes far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, creating added
value for consumers. The Lenzing Group strives for the efficient
utilization and processing of all raw materials and offers solutions to
help redirect the textile sector towards a closed-loop economy. In order
to reduce the speed of global warming and to accomplish the targets of the
Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing
has a clear vision: namely to make a zero-carbon future come true.
Key Facts & Figures Lenzing Group 2022
Revenue: EUR 2.57 bn
Nominal capacity: 1,145,000 tonnes
Number of employees (headcount): 8,301
TENCEL™, VEOCEL™, LENZING™, REFIBRA™, ECOVERO™, LENZING MODAL™, LENZING
VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.
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02.06.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1648331
End of News EQS News Service
1648331 02.06.2023 CET/CEST
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