EANS-News: Lenzing AG / Lenzing rated "sustainability champion” by MSCI ESG CNE

10/7/2021, 9:00 AM (Source: euro adhoc)


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Lenzing ranks among the world’s top 6 percent in the industry after receiving an
"AA” rating. This classification is a further testimony to Lenzing’s leading
role in sustainability.

Analysts Comments/Company Information

Lenzing - The Lenzing Group, the world's leading supplier of wood-based
specialty fibers, has received further recognition of its performance in
sustainability. The prestigious rating agency MSCI has upgraded its rating for
the Lenzing Group from "A" to "AA" as at September 2021. As a result, Lenzing
ranks among the top 6 percent of companies rated in its peer group.

"We strongly believe that the fiber industry will have to change in order to
meet the ecological and social demands of the future. The issue of
sustainability has been firmly anchored in our strategy for many years and is
fundamental to our commercial success. Lenzing is an absolute pioneer in this
field and we will continue to be a role model in future", says Thomas Obendrauf,
Chief Financial Officer of the Lenzing Group.

The upgrade to the MSCI ESG rating will also lead to a reduction in Lenzing's
interest expense. Lenzing placed a bonded loan worth EUR 500 mn in November
2019, which is linked to its sustainability performance. In accordance with its
commitment under the bonded loan placement, the company will donate the full
amount of the interest expense saved thanks to the rating revision to a project
it supports.

Zwtl.: Vision of a zero-carbon future

The rating agency MSCI, whose rating determines the interest rate for the bonded
loan, cited the company's ambitious climate targets, its approach to promoting a
circular economy and exceptionally good governance structure as the main reasons
for the upgrade.

Lenzing is actively involved in tackling the problems arising from climate
change by implementing its science-based targets. In 2019, Lenzing set the
strategic goal of halving its greenhouse gas emissions per ton of product by
2030. Its vision for 2050 is to achieve climate neutrality. The implementation
of two key projects in Brazil and Thailand is an important milestone in this
process, while the investments in its existing locations in Asia are also
consistent with Lenzing's decarbonisation targets.

Another milestone in Lenzing's push to implement its ambitious climate and
sustainability targets is its collaboration with Swedish pulp producer Södra.
Both of these global market leaders, which have proactively engaged in promoting
a circular economy in the fashion industry for many years, are pooling their
resources to drive this issue forward and make a vital contribution to solving
the problem of global textile waste.

Zwtl.: Platinum status from EcoVadis

Lenzing has received multiple awards for its performance in 2021, especially in
the field of sustainability. Its rating from EcoVadis with regard to corporate
social responsibility is particularly outstanding. Having achieved platinum
status for the first time, Lenzing ranks among the world's top 1 percent of
companies evaluated based on their approach to the environment, fair working
conditions and human rights, as well as ethics and sustainable procurement.

The not-for-profit environmental organization Carbon Disclosure Project (CDP)
has also commended Lenzing's efforts to combat climate change once again. The
listing on CDP's Supplier Engagement Leaderboard is attributable to the
company's leading role in working with suppliers.

Photo download [https://bit.ly/3agcL48]

Further inquiry note:
Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing AG
Phone: +43 7672 701 2743
E-mail: media@lenzing.com

end of announcement                         euro adhoc

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:      ATX, WBI
stockmarkets: Wien
language:     English

EAX0001    2021-10-07/09:00

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