Lenzing Achieves Platinum Status in EcoVadis CSR Rating
Lenzing AG
Highlights
Lenzing Group earned Platinum rating from EcoVadis for four years in a row.
In the top 1% of all companies for sustainability and ethics.
Lenzing is driving the industries towards a circular economy with its "Naturally Positive" strategy.
The Lenzing Group, a leading provider of regenerated cellulose fibres for the textile and nonwovens industries, has been awarded platinum status by EcoVadis.
Lenzing has been platinum rated by EcoVadis for four years in a row, in the top 1% of all companies rated.
This year Lenzing improved in sustainable procurement and ethics, labour and human rights, and certification standards.
Since 2007, EcoVadis has become the world’s leading provider of sustainability ratings, rating over 1,30,000 companies globally. The framework assesses company policies, actions and published reports on environmental impact, labour practices, human rights, ethical standards and sustainable procurement.
Stephan Sielaff, CEO Lenzing Group, said: "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."
As part of its "Naturally Positive" strategy, Lenzing has set targets to further support the transition to a circular economy. The company reports on its progress and initiatives in its annual sustainability report. EcoVadis has acknowledged this. More information on Lenzing’s targets and ratings is in the online Sustainability Report 2023.
Follow KnowESG's Investor News for regular news and views.
Discover an extensive network of ESG providers here
Check out KnowESG's latest ESG Event updates
Source: Lenzing
