Lenzing Group Inc., a supplier of regenerated cellulose fibers for the textile and nonwovens industries based in Enzing, Austria, announced it has been awarded platinum status in the EcoVadis Corporate Social Responsibility (CSR) rating.
The rating covers the four most important practices in the area of CSR: environment, fair working conditions and human rights, ethics and sustainable procurement.
For the fourth time in a row, Lenzing Group Inc. has been awarded platinum status by EcoVadis, an international provider of sustainability ratings for companies. This puts Lenzing in the top 1% of companies rated by EcoVadis worldwide. According to Lenzing, the company achieved the greatest progress this year in the categories of sustainable procurement and ethics.
Lenzing also outperformed the previous year in the areas of labor and human rights as well as certifications. Since its foundation in 2007, EcoVadis has provided sustainability ratings for companies and created a global network of more than 130,000 rated companies. The methodological framework evaluates companies’ policies, measures and activities, as well as their published reports on the environment, labor and human rights, ethics and sustainable procurement.
“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 Inc.
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.
To find out more about Lenzing’s sustainability goals, progress and other rankings, visit Lenzing’s Sustainability Report 2023.
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