- Vienna Stock Exchange VÖNIX Sustainability Award 2023 goes to Lenzing
- Winner of the category “Industrials”
- Lenzing is clearly on course to achieve group-wide carbon neutrality, while rapidly driving forward the
transition to circularity
Lenzing – The Lenzing Group, a world-leading provider of specialty fibers for the textile and nonwoven industries, received the Vienna Stock Exchange VÖNIX Sustainability Award at a ceremony yesterday evening. This is Austria’s most important sustainability prize for top companies listed on the stock market and was awarded to Lenzing for obtaining first place in the “Industrials” category. The prestigious prize recognizes companies that excel on the capital market due to their outstanding sustainability performance.
The Lenzing Group achieved the best scoring in its category according to the VBV (Austrian sustainability index), which is the sustainability benchmark of the Austrian stock market. Other well-known environmental organizations and rating agencies such as CDP, EcoVadis and MSCI recognized Lenzing’s efforts in the field of sustainability and the transformation to circularity in 2022.
“We are very proud to receive this award, which recognizes our continuous commitment to sustainability. We now plan to make the next move and forge ahead with the transition from a linear to a circular economy model. As champions of sustainability, we know that change is vital in the textile and nonwoven industries in moving towards a circular economy,” comments Christian Skilich, Member of the Managing Board at the Lenzing Group.
Lenzing has also made valuable progress towards meeting its climate targets. One example is the recent announcement of its acquisition of a biomass power plant to supply energy to the site in Burgenland. At its Heiligenkreuz facility, the Lenzing Group produces environmentally friendly TENCELTM and VEOCELTM branded lyocell fibers for the textile and nonwoven industries, as well as a variety of premium fibers including TENCELTM brand with x REFIBRATM technology and carbon-neutral TENCELTM branded lyocell fibers. The exclusive use of biomass from the nearby power station will enable the site to reduce its carbon emissions associated with energy use by some 50,000 tons of CO2 annually. Lenzing’s specialty fibers contribute to significantly lower carbon emissions throughout the supply chain, helping brands and retailers in particular to meet their climate and sustainability targets.
Lenzing also plans to continue focusing on achieving profitable growth in its specialty products and will keep pressing ahead with the issue of recycling, thus making a valuable contribution to the transformation of the textile and clothing industry from a linear to a circular economy model.
For more information on the Lenzing Group’s sustainability targets, progress and other prestigious awards for its sustainable products and services, please see the online Sustainability Report 2022 at reports.lenzing.com/sustainability-report/2022/index.html.
