EANS-News: Lenzing AG / Lenzing recognized as sustainability champion by renowned CDP CNE

12/8/2020, 11:06 AM (Source: euro adhoc)
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Lenzing is the only first-time discloser recognized with prestigious double ‘A’
score for global climate and forests stewardship by CDP.

Company Information

Lenzing - The Lenzing Group has been recognized 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", says Stefan Doboczky, CEO of the Lenzing Group. "This
recognition will boost our visibility among a broad group of important
stakeholders."

Zwtl.: Lenzing's key actions to tackle climate change

Lenzing became the world's first producer of wood-based cellulosic fibers making
a strategic commitment to cut its CO2 emissions per ton of product by 50 percent
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(TM) branded CarbonNeutral(R) fibers, 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(TM) and "Eco Cycle" contribute to a circular economy
by combining the environmentally responsible lyocell fiber production with the
upcycling of cotton waste materials.

The new pulp plant in Brazil, which will even export green energy to the local
grid and a state-of-the-art carbon neutral lyocell fiber production site in
Thailand will be the major contributors to driving down Lenzing's carbon
footprint in the coming 18 months.

Zwtl.: Lenzing's key actions to protect forests

Next to its afforestation project in Albania, Lenzing has been recognized for a
decades-long clean record of sustainable wood sourcing, with more than 99
percent of its wood and pulp sources being either certified by FSC(R)(1) or PEFC
(TM)(2), or controlled in line with these standards.

Paul Simpson, CEO of CDP, says: "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."

Zwtl.: How companies enter the 'A List' - process and methodology

In 2020, over 515 investors with over US$106 trillion in assets and 150+ major
purchasers with US$4 trillion in procurement spend requested companies to
disclose data on environmental impacts, risks and opportunities through CDP's
platform. Over 9,600 responded - the highest ever.

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 forest-risk
commodities to earn a place on the Forests 'A List'.
The full list of companies that made this year's CDP 'A List' is available here
[https://www.cdp.net/en/companies/companies-scores], along with other publicly
available company scores.

Photo download [https://mediadb.lenzing.com/pinaccess/
showpin.do?pinCode=mHWREoGDxfBw]
PIN: mHWREoGDxfBw

(1) FSC-C041246
(2) PEFC/06-33-92

Further inquiry note:
Filip Miermans
Vice President Corporate Communications & Public Affairs
Lenzing AG
Phone: +43 664 8477802
E-mail: f.miermans@lenzing.com

end of announcement                         euro adhoc
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issuer:       Lenzing AG

A-4860 Lenzing
phone:        +43 7672-701-0
FAX:          +43 7672-96301
mail:         office@lenzing.com
WWW:          http://www.lenzing.com
ISIN:         AT0000644505
indexes:      WBI, ATX
stockmarkets: Wien
language:     English

EAX0002    2020-12-08/11:06

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