The Lenzing Group has been recognised by the global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change, as well as acting to protect forests. Through significant demonstrable action in these areas, Lenzing is leading on corporate environmental ambition, action and transparency worldwide.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. This year, more than 5,800 companies were scored based on data submitted through CDP’s questionnaires.
“We are particularly proud to be the only first-time discloser who has achieved an ‘A’ score for tackling climate change and acting to protect forests. The double ‘A’ score reconfirms our long-term sustainability strategy and is an exciting acknowledgement of our efforts on transparency as well as sustainable raw material sourcing,” Stefan Doboczky, CEO of the Lenzing Group, said in a press release. “This recognition will boost our visibility among a broad group of important stakeholders.”
Lenzing became the world’s first producer of wood-based cellulosic fibres making a strategic commitment to cut its CO2 emissions per ton of product by 50 per cent by 2030. This target has been scientifically verified and approved by the Science Based Targets initiative. Furthermore, Lenzing aims for Net-Zero emissions by the year 2050.
Important milestones this year in Lenzing’s journey to carbon neutrality were the introduction of the first Tencel branded CarbonNeutral fibres, a blockchain-enabled traceability platform as well as the execution of CO2 reducing energy solutions at its production sites in Lenzing (AT) and Nanjing (PRC). These milestones are an integral part of Lenzing’s sustainability strategy since they help to combat climate change and trigger a new level of transparency along the entire value chain. In addition to that, pioneering technologies like Refibra and “Eco Cycle” contribute to a circular economy by combining the environmentally responsible lyocell fibre production with the upcycling of cotton waste materials.
Next to its afforestation project in Albania, Lenzing has been recognised for a decades-long clean record of sustainable wood sourcing, with more than 99 per cent of its wood and pulp sources being either certified by FSC1 or PEFC2, or controlled in line with these standards.
“We extend our congratulations to all the companies on this year’s ‘A List’. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, and is even more impressive in this challenging year marked by Covid-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our ‘A List’ celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today,” Paul Simpson, CEO of CDP, said.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provided insufficient information are marked with an F.
CDP’s scoring for forests is conducted through the lens of the four commodities that cause most deforestation: timber products, cattle products, soy and palm oil. Companies need to score an A on at least one of these forestrisk commodities to earn a place on the Forests ‘A List’.
This content originally appeared on Fibre2Fashion