EQS-News: Lenzing receives top position in the global Canopy Hot Button Ranking 2024

EQS-News: Lenzing AG / Key word(s): Rating/Sustainability
Lenzing receives top position in the global Canopy Hot Button Ranking 2024

18.12.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Lenzing receives top position in the global Canopy Hot Button Ranking 2024

• Global ranking standard evaluates sustainable performance of global
cellulosic fiber producers
• Lenzing once again among top companies with a score of 33 out of 40

Lenzing – The Lenzing Group, leading supplier of regenerated cellulose
fibers for the textile and nonwovens industries, achieved first place in
the global 2024 Hot Button Ranking of the Canadian non-profit organization
Canopy. This year, Lenzing improved its score from 32 to 33 out of 40,
placing it in the “Leading in CanopyStyle commitments” category, denoted
by a dark green shirt. This status reflects Lenzing’s strong leadership in
sustainable practices and alignment with the highest environmental
standards.

In this highly respected textile and apparel industry ranking, Canopy
evaluates the performance of global producers of regenerated cellulosic
fibers in the fields of sustainable sourcing, transparency, and
innovation. Lenzing’s high score reflects its strong commitment to
environmental and social sustainability and positions it as a reliable
partner for eco-conscious brands and customers.

“We are delighted that our efforts to make continuous progress and find
solutions to the most pressing challenges of our time have been recognized
and appreciated,” says Rohit Aggarwal, Chief Executive Officer of the
Lenzing Group. “At the same time, standards and rankings such as Canopy’s
show us where we still have untapped potential and can improve further.
These results motivate us to continue to do our best to take care of our
customers and bring about the transformation to a green and clean
industry,” says Aggarwal.

In its 2024 ranking, Canopy recognized Lenzing for its commitment to
protecting ancient and endangered forests, for example. Lenzing has
actively integrated next-generation fiber solutions into its production,
demonstrating innovation in creating sustainable alternatives and reducing
dependence on virgin resources. This positions Lenzing as a pioneer in the
transformation of the industry towards circular and resource-efficient
production systems. Lenzing also performed well on other criteria, such as
supply chain traceability.

Click [1]here to access the executive summary of the Canopy evaluation and
find out more details.

 

Photo download:
[2] https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=Jnix5RMecuj1
PIN: Jnix5RMecuj1

 

Your contact for  
Public Relations: Corporate Sustainability:
   
Dominic Köfner Krishna Manda
Vice President Corporate Vice President Corporate Sustainability
Communications,
Investor Relations & Public Lenzing Aktiengesellschaft
Affairs Werkstraße 2, 4860 Lenzing, Austria
Lenzing Aktiengesellschaft  
Werkstraße 2, 4860 Lenzing, Telefon   +43 7672 701 3417
Austria E-Mail     [5]sustainability@lenzing.com
  Web        [6] www.lenzing.com
Phone   +43 7672 701 2743  
E-mail   [3]media@lenzing.com
Web      [4] www.lenzing.com
 

 

About the Lenzing Group
 
The Lenzing Group stands for eco-responsible production of specialty
fibers based on cellulose and recycled material. 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 functional, comfortable and fashionable clothing to durable
and sustainable home textiles. Due to their special properties and their
botanical origin, the TÜV certified biodegradable and compostable Lenzing
fibers are also highly suitable for everyday hygiene products.
 
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 transform the textile industry from the current linear economic
system towards a circular economy. In order to reduce the speed of global
warming and thus also support the targets of the Paris Agreement and the
EU Commission’s “Green Deal”, Lenzing has developed a clear science-based
climate action plan that aims to significantly reduce greenhouse gas
emissions by 2030 and a net-zero goal (scope 1, 2 and 3) by 2050.
 
Key Facts & Figures Lenzing Group 2023
Revenue: EUR 2.52 bn
Nominal capacity: 1,110,000 tonnes
Employees (FTE): 7,917
 
TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ are trademarks
of Lenzing AG.

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18.12.2024 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: 2053787

 
End of News EQS News Service

2053787  18.12.2024 CET/CEST

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