Lenzing AG has once again been awarded Platinum status in the EcoVadis sustainability rating, marking the fifth consecutive time the company has achieved this top-tier recognition. This places Lenzing among the top one percent of over 150,000 companies evaluated by EcoVadis globally, underscoring its position as a benchmark for sustainability performance. The Austrian fiber producer's consistent excellence across environmental, labor and human rights, ethics, and sustainable procurement criteria demonstrates its long-term dedication to responsible business practices.
Rohit Aggarwal, CEO of Lenzing Group, emphasized the significance of this achievement: "Five consecutive platinum ratings - that is more than recognition, it is proof of leadership. We don't just follow standards, we set them. At Lenzing, sustainability is a strategic and measurable value driver - for our company, our partners and for society." This year, the company saw its strongest progress in labor and human rights and ethics, reflecting its commitment to people, integrity, and responsible growth.
The recognition not only validates Lenzing's consistent implementation of its ESG strategy but also enhances its visibility in an increasingly ESG-driven market. Since its founding in 2007, EcoVadis has become the world's largest provider of sustainability ratings, using a methodology that covers environment, labor and human rights, ethics, and sustainable procurement. Lenzing's continued top performance in these areas reinforces its role as a sustainability leader.
Lenzing's sustainability efforts are detailed in its current online sustainability report. The company's climate action plan, aligned with the Paris Agreement, targets a significant reduction in greenhouse gas emissions (Scopes 1, 2, and 3) by 2030 and net-zero by 2050. Lenzing's high-quality fibers, such as TENCEL™ and LENZING™ ECOVERO™, are used in textiles and nonwovens, and are TÜV-certified biodegradable and compostable.
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