EQS-News: Lenzing sets a good example in a difficult industry: social responsibility and sustainable jobs

EQS-News: Lenzing AG / Key word(s): Sustainability
Lenzing sets a good example in a difficult industry: social responsibility
and sustainable jobs

30.04.2024 / 09:06 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Lenzing sets a good example in a difficult industry: social responsibility
and sustainable jobs

• Outstanding results in the Higg Facility Social & Labor Module (FSLM)
for social sustainability
• Study shows: Lenzing creates 25,282 direct and indirect jobs in its
production countries

Lenzing – The Lenzing Group, a leading supplier of regenerated cellulose
fibers for the textile and nonwovens industries, has achieved outstanding
results in the Higg Facility Social & Labor Module (FSLM) certification
for five of its production sites. This involved measuring the social
impact of production in areas such as wages, working hours, health and
safety and treatment of employees.

In addition to ecological and economic challenges, the global textile
industry also has to contend with a number of social challenges, including
precarious working conditions, non-compliance with human rights and other
social grievances in parts of the value chain. Transparency along the
supply chain plays an important role in overcoming these. One of Lenzing’s
key sustainability goals is to obtain a valid, independently audited and
accredited social standard certificate for each of the Lenzing Group’s
production sites by 2024. This goal is pursued through the Higg Facility
Social & Labor Module (Higg FSLM), which assesses social and labor-related
conditions. In 2023, more than 7,200 companies worldwide underwent this
audit, with Lenzing’s result placing it in the top 25 percent of all
verified Higg FSLM facilities.

“We are delighted with the outstanding results in the Higg Facility Social
& Labor Module. They show once again that social sustainability and
responsibility are not just buzzwords or empty phrases for us, but that we
are actively committed to better working conditions. We will remain true
to our mission and continue to contribute towards a textile industry more
sustainable and fairer for all players in the industry,” says Christian
Skilich, Member of the Management Board of the Lenzing Group.

Independently verified social certifications are now essential for
companies like Lenzing to be considered as a supplier. Major brands and
retailers have already established clear guidelines for their supply
chains that require potential suppliers to be socially certified.

Florian Heubrandner, Executive Vice President Commercial Textiles of the
Lenzing Group: “If we can show clearly and transparently that social
aspects of sustainability are just as important to us as environmental
issues, this will improve our business relationships”.

A recent study by the Society for Applied Economic Research in Innsbruck
(Austria)[1]^[1] emphasises Lenzing’s responsibility as an important
employer. The Lenzing Group creates a total of 25,292 jobs in the five
countries in which it operates production facilities. This figure includes
not only employees, but also indirect jobs – because every direct job
created creates more than two additional indirect jobs in other sectors of
the economy.

 

Photo download:

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

 

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

   

[7]^[1] [8]GAW Wirtschaftsforschung: Economic and Regional Importance of
the Lenzing Group in 2023; March 2024

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30.04.2024 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: 1892383

 
End of News EQS News Service

1892383  30.04.2024 CET/CEST

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