Lenzing In CDP’s ‘A’ List, Confirms Sustainability Leadership
The Lenzing Group has again been recognised for performance on climate change, forests and water security by global environmental non-profit CDP, securing a place on its annual ‘A List’ for third time.
Based on data reported through CDP’s 2023 Climate Change, Forests and Water Security questionnaires, Lenzing is one of the only 10 companies that achieved ‘A’, out of over 21,000 companies.
CDP is considered the gold standard of international environmental reporting and is fully aligned with the Task Force on Climate-Related Financial Disclosures (TCFD).
CDP holds the largest environmental database in the world and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.
In 2023, over 740 financial institutions with over US $136 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform.
A record-breaking 23,000 companies responded, representing two thirds of global market capitalisation.
“I am very grateful and proud of what the employees of the Lenzing Group do every day to further expand our leading position in the field of sustainability,” Stephan Sielaff, CEO of Lenzing Group said.
“Once again being on CDP’s Triple A List as one of the only 10 companies in the world is strong evidence that we are taking the right measures,” he added.
“Lenzing is working tirelessly to make the industries in which it operates even more sustainable and to drive the transformation of the textile business model from linear to circular,” Sielaff stated.
Lenzing said it sets itself ambitious sustainability targets that contribute directly to some of the United Nations Sustainable Development Goals (SDGs) and takes concrete measures to achieve these goals.
Lenzing pays attention to exclusively sustainable sourcing of wood and dissolving wood pulp, optimal use of its raw materials, continuous improvement of energy efficiency & investments in renewables.
The sustainable cellulose fibres manufacturer also added that it is also driving the transformation of the industry towards a fully circular economy.