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CDP honors Lenzing for environmental transparency

December 9th, 2020 / By: / Company News

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 and acting to protect forests.

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. Through significant demonstrable action on climate and deforestation risks, Lenzing is leading on corporate environmental ambition, action and transparency worldwide.

In 2019, Lenzing became the world’s first producer of wood-based cellulosic fibers making a strategic commitment toward dramatically reducing its carbon footprint and cutting its emissions per ton of product by 50 percent by 2030. By the year 2050, Lenzing aims for net-zero emissions.

Sustainable fiber innovations such as the introduction of the first TENCEL™ branded CarbonNeutral® fibers and a blockchain-enabled traceability platform are an integral part of Lenzing’s sustainability strategy as they help to combat climate change and trigger a new level of transparency along the entire value chain. In addition, pioneering technologies such as REFIBRA™ and “Eco Cycle” contribute to a circular economy by combining the environmentally responsible lyocell fiber production with the upcycling of cotton waste materials.

Lenzing has also initiated a social impact and afforestation project in Albania. The project addresses the most urgent issues that society will have to tackle in the upcoming 10 years: land degradation, biodiversity loss, deforestation and climate change.