⬤ Lenzing receives highest CSR rating from EcoVadis for the fourth time in a row
⬤ Global rating standard evaluates over 130,000 companies: Lenzing among top 1 percent
Lenzing – With a platinum grade in the EcoVadis CSR rating, The Lenzing Group is a top provider of regenerated cellulose fibers to the textile and nonwovens industries. The environment, human rights and fair working conditions, ethics, and sustainable procurement are the four most significant CSR practices that are fully covered by the ranking.
EcoVadis, a renowned global supplier of sustainability evaluations for businesses, has granted Lenzing platinum designation for the fourth consecutive year. This places Lenzing among the top 1% of businesses worldwide as assessed by EcoVadis. In the areas of ethical and sustainable sourcing, Lenzing made the most advancements this year. In the domains of labor & human rights as well as certifications, Lenzing did better than the year before. With the establishment of its global network of over 130,000 rated enterprises since 2007, EcoVadis has grown to become the biggest and most reliable source of sustainability ratings for businesses globally. Companies’ policies, actions, and public reports on labor and human rights, the environment, ethics, and sustainable procurement are all assessed under the methodological framework.
“At Lenzing, we are working hard to make our industries even more sustainable and to drive the transformation of the textile business model from a linear to a circular economy model. This approach is firmly anchored in our strategy and corporate values. I am, therefore, particularly pleased about 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 fourth time,” says Stephan Sielaff, CEO of the Lenzing Group.
In line with its “Naturally Positive” sustainability strategy, the Lenzing Group has set ambitious targets in each of its core strategic areas to further strengthen its transition from a linear to a circular economy model. Every year, Lenzing provides updates on its sustainability initiatives and the progress made in its annual sustainability report. This level of commitment and transparency was also positively emphasized by EcoVadis in its assessment. You can find out more about Lenzing’s sustainability goals, progress and other renowned rankings in the online Sustainability Report 2023 at https://reports.lenzing.com/annual-and-sustainability-report/2023/.
