In a remarkable achievement highlighting its commitment to sustainability and responsible business practices, the Lenzing Group, a prominent provider of specialty fibers for textile and nonwoven industries, has been awarded platinum status in the EcoVadis CSR rating for the third consecutive time. This prestigious recognition places Lenzing among the top 1 percent of companies globally rated by EcoVadis.
EcoVadis, a renowned international provider of sustainability ratings for companies, assesses corporate social responsibility practices across four key areas: environment, fair working conditions and human rights, ethics, and sustainable procurement. Lenzing’s consistent dedication to these principles has earned it the highest distinction in this rating for the third year running.
The company’s sustainability strategy, aptly named “Naturally Positive,” underscores its commitment to fostering a circular economy model. Lenzing has set ambitious targets within its core strategic areas, striving to further align its operations with environmental and ethical standards. The company’s annual sustainability report highlights the progress made in implementing these measures and demonstrates its dedication to transparency.
“At Lenzing, we are working hard to make our industries more sustainable and to drive the transformation of the textile business model from a linear to a circular economy model. This attitude is firmly anchored in our strategy and corporate values.”– The Lenzing Group’s CEO, Stephan Sielaff, expressed his pride and satisfaction in this accomplishment
EcoVadis, founded in 2007, has become the global leader in corporate sustainability ratings. Its assessment framework evaluates companies’ policies, actions, activities, and published reports related to the environment, labor and human rights, ethics, and sustainable procurement. Lenzing’s consistent and comprehensive approach to these facets has not only earned the platinum status repeatedly but also garnered commendation for its efforts in areas including environment, ethics, and labor and human rights.
The Lenzing Group’s business model is characterized by ecologically responsible production of specialty fibers derived from renewable raw materials, primarily wood. These high-quality fibers find application in a wide range of industries, from textiles to hygiene products and agricultural solutions. The company’s dedication to innovation, coupled with its commitment to the circular economy, has propelled it to the forefront of sustainable business practices.
As the world grapples with environmental challenges and aims to fulfill the targets of international agreements such as the Paris Climate Agreement and the EU Commission’s “Green Deal,” Lenzing’s vision for a zero-carbon future aligns seamlessly with these ambitions. With a revenue of EUR 2.57 billion in 2022 and a workforce of 8,301 employees, the Lenzing Group’s impact is not only substantial but also deeply rooted in its dedication to a sustainable future.
Through its exemplary achievements, the Lenzing Group stands as a beacon of sustainable business practices, inspiring others to prioritize environmental and ethical considerations in their operations.