The Lenzing Group, a supplier of sustainably produced specialty fibers, has been awarded Platinum status in EcoVadis’ CSR (Corporate Social Responsibility) rating.
The assessment comprehensively covers the four main CSR practices—the environment, fair working conditions and human rights, as well as ethics and sustainable procurement.
In the previous three years, Lenzing had received outstanding ratings in all categories, and was awarded Gold status in 2018, 2019 and 2020. For 2021, the company reached Platinum status, putting it in the top 1 percent of companies evaluated.
“We are very proud to have now achieved the step up to the Platinum level after several Gold ratings in the past few years,” Stefan Doboczky, CEO of the Lenzing Group, said. “At Lenzing, we always think beyond fibers and take responsibility for our children and grandchildren for whom we do our best in order to constantly improve ourselves. This attitude forms part of our strategic principles and we will continue to work hard to make a sustainable contribution to the environment and to society.”
The Lenzing Group’s ambitious climate targets form an essential part of its strategy and responsibility to future generations. In 2019, Lenzing became the world’s first fiber manufacturer to commit to reducing CO2 emissions per ton of product by 50 percent by 2030, and aims to become 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 goals.
This scientific validation also forms one of the essential criteria that EcoVadis highlights in its rating. In addition, the responsible procurement of raw materials according to social and ecological aspects was also highlighted as a further core element in the company’s sustainability strategy, as well as support for external environmental initiatives such as the Sustainable Apparel Coalition and Fashion Industry Charter for Climate Action, and initiatives on labor and human rights issues.
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. The methodological framework assesses companies’ policies, measures and activities, as well as their published reports, in relation to the environment, labor and human rights, ethics and sustainable procurement.