Having already received the Gold EcoVadis award on 3 consecutive occasions, Lenzing has achieved Platinum status in the CSR rating. The assessment comprehensively covers the 4 main CSR (Corporate Social Responsibility) practices: the environment, fair working conditions and human rights, as well as ethics and sustainable procurement. Lenzing AG, Lenzing/Austria, a supplier of sustainably produced specialty fibers, thereby ranks among the world’s top 1% of the companies evaluated.
Lenzing’ climate targets form an essential part of its strategy and responsibility to future generations. In 2019, the company became the world’s first fiber manufacturer to commit to reducing CO2 emissions per ton of product by 50% by 2030, and even becoming climate-neutral by 2050. The Science Based Targets Initiative, the most recognized organization in the area of climate-relevant target-setting, has scientifically validated Lenzing’s climate targets. This scientific validation also forms one of the essential criteria that EcoVadis, Paris/France, highlights in its rating.
Since its inception in 2007, EcoVadis has become the world’s largest and most trusted provider of corporate sustainability ratings, creating a global network of more than 75,000 rated companies in 160 countries worldwide. It also provides information and tools that help to increase transparency within global supply chains.