Lenzing Group Earns Coveted Platinum Status in EcoVadis CSR Rating for Third Time

Lenzing Group Earns Coveted Platinum Status in EcoVadis CSR Rating for Third Time

(IN BRIEF) The Lenzing Group, a leading provider of specialty fibers for the textile and nonwoven industries, has received platinum status in the EcoVadis CSR rating for its exceptional performance in corporate social responsibility. The rating covers key areas like environment, fair working conditions, human rights, ethics, and sustainable procurement. This marks the third time Lenzing has achieved platinum status, placing it among the top one percent of rated companies worldwide by EcoVadis. Lenzing’s commitment to sustainability and its efforts to transition to a circular economy model have been recognized and commended by the rating provider.

(PRESS RELEASE) LENZING, 4-Aug-2023 — /EuropaWire/ — The Lenzing Group, a world-leading provider of specialty fibers for the textile and nonwoven industries, has been awarded platinum status in the EcoVadis CSR rating. The rating comprehensively covers the four most important practices in the area of corporate social responsibility: environment, fair working conditions and human rights, as well as ethics and sustainable procurement.

For the third time, Lenzing has been awarded Platinum status for its sustainability performance by EcoVadis, a leading international provider of sustainability ratings for companies. This puts Lenzing in the top one percent of companies worldwide rated by EcoVadis. EcoVadis has become the world’s largest and most trusted provider of corporate sustainability ratings since its founding in 2007, creating a global network of more than 100,000 rated companies worldwide. The methodological framework assesses companies’ policies, actions and activities, as well as their published reports, related to the environment, labor and human rights, ethics and sustainable procurement.

“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. I am therefore particularly pleased to receive the highest rating from the internationally renowned organization and am proud that we as the Lenzing Group have now been awarded Platinum status for the third time,” says Stephan Sielaff, CEO of the Lenzing Group.

In line with its sustainability strategy “Naturally positive”, the Lenzing Group has set ambitious targets in each of its core strategic areas to further strengthen its path from a linear to a circular economy model. Lenzing reports annually on the corresponding implementation measures and the progress made in its sustainability report. This level of commitment and transparency was particularly positively highlighted by EcoVadis in its assessment. The rating provider also emphasized the Lenzing Group’s comprehensive measures in the areas of environment, ethics, and labor and human rights. You can learn more about Lenzing’s sustainability goals, progress as well as other renowned rankings in the online Sustainability Report 2022 at https://reports.lenzing.com/sustainability-report/2022/.

Media Contact:

Dominic Köfner
Vice President Corporate Communications & Public Affairs
+43 7672 701 2743
media@lenzing.com

Krishna Manda
Vice President Corporate Sustainability
+43 7672 701 3417
sustainability@lenzing.com

SOURCE: LENZING AG