Lenzing has vision towards net-zero CO2 emissions by 2050

The Science Based Targets initiative, the most recognised organisation in the field of climate-relevant target setting, has scientifically validated Lenzing’s climate target. Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered ‘science-based’ if they are in line with the level of decarbonisation required to keep global temperature increase below 2 degrees celsius compared to pre-industrial temperatures. Lenzing is the first wood-based fibre producer, which has set a science-based target.

“As an industry leader this is our responsibility towards future generations. It is part of our strategy to drive systemic change and to lead the industry with credibility,” said Stefan Doboczky, chief executive officer of the Lenzing Group. “Using renewable raw material wood from sustainable forests and plantations that sequester carbon is a good thing. But we have to go further than that. At Lenzing, we look beyond fibre and wood and strive to develop and implement better and greener ways of production throughout the whole supply chain and advocate this bold approach to our industry.”

Currently, 713 leading companies worldwide and 9 companies in Austria have committed to science-based targets. Only 305 of them have approved science-based targets.

Another key in 2019 has been Lenzing’s award of the Gold CSR (Corporate Social Responsibility) status by EcoVadis, a leading international provider of business sustainability ratings. The EcoVadis Supplier Sustainability Rating ranks Lenzing among the top 1 per cent of companies in its industry based on assessed CSR indicators in the areas environment, labour practices, ethics, and sustainable procurement.

EcoVadis is a provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Since 2007, EcoVadis has been compiling sustainability scorecards for nearly 55,000 companies in 198 industries and 155 countries.

The Lenzing Group stands for ecologically responsible production of specialty fibres 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 fibres form the basis for a variety of textile applications ranging from elegant ladies clothing to versatile denims and high-performance sports clothing. Due to their consistent high quality, their biodegradability and compostability, Lenzing fibres are also highly suitable for hygiene products and agricultural applications.

Lenzing is a member of the CEO Climate Leaders Group of the World Economic Forum and a signatory to the United Nations Fashion Industry Charter for Climate Action.

Fibre2Fashion News Desk (PC)