21.06.2019,
3535 Zeichen
Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
Strategic Management Decisions
Highlights -
Lenzing sets net-zero CO2 emissions target by 2050\nReduction of specific CO2 emissions by 50 percent until 2030\nInvestment of more than EUR 100 mn to combat 1.3 Mt of CO2 emissions\nCommitment to follow the Science Based Targets concept\nLenzing - The Lenzing Group, a recognized leader in climate action, member of
the CEO Climate Leaders Group of the World Economic Forum and a signatory to the
United Nations Fashion Industry Charter for Climate Action, will drastically
reduce its CO2 footprint. The Lenzing Group will invest EUR 100 mn over the
coming years to reduce carbon emissions both inside its operational boundaries
(scope 1+2) and in its supply chain (scope 3). Due to its ambitious CO2 emission
reduction strategy, the Lenzing Group will further contribute towards helping
customers to transition their business to a lower CO2 base.
A first milestone is set for 2030, when Lenzing plans to reduce CO2 emissions
per ton of product by almost 50 percent (scope 1+2 and 3) compared to a 2017
baseline. The total CO2 reduction of all the planned initiatives will yield 1.3
million tons (Mt).
"Climate change is the most important issue mankind is facing. With this
commitment we are fully in line with the Paris climate agreement and will
further help the world to reduce the speed of global warming. Our ambitious
decarbonization targets make us a front runner, not only in the world of fiber
producers but also among major industrial companies. Despite the substantial
investment that is necessary, we are convinced that this is not only a very
responsible step but that it will also be a value-generating move", says Stefan
Doboczky, Chief Executive Officer of the Lenzing Group. "It is our
responsibility towards our children and grandchildren to act now", Doboczky
adds.
A series of measures in production as well as new innovations and adaptations to
new technologies will help achieve these ambitious targets. A major contribution
will also come from investments in the production of highly eco-responsible
products such as TENCEL(TM) branded lyocell fibers. On top of that, the drastic
improvement of energy efficiency and an increase in the share of renewable
energy in the energy mix will deliver the targets set.
"To underpin this strategy, Lenzing will commit itself to the Science Based
Targets initiative, the most recognized organization in the field of climate-
relevant target setting. This step is a significant contribution to green up the
textile industry, and will help our partners to offer consumers textiles with an
ecologically responsible footprint", says
Robert van de Kerkhof, Chief
Commercial Officer of the Lenzing Group.
Targets adopted by companies to reduce greenhouse gas emissions are considered
"science based" if they are in line with the goals of the Paris Agreement.
Photo download:
https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=50kIWivirbbN [https://
mediadb.lenzing.com/pinaccess/showpin.do?pinCode=50kIWivirbbN]
PIN: 50kIWivirbbN
end of announcement euro adhoc
issuer: Lenzing AG
A-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
Digital press kit: http://www.ots.at/pressemappe/1597/aom
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Lenzing
Akt. Indikation: 30.20 / 30.45
Uhrzeit: 09:05:35
Veränderung zu letztem SK: 0.75%
Letzter SK: 30.10 ( 0.67%)
Bildnachweis
1.
Nachhaltigkeits-Preis - Lenzing: Stephanie Kniep, Waltraud Kaserer (beide Lenzing), Andreas Zakostelsky (VBV), Friedrich Mostböck (ÖVFA)
, (© Wiener Börse AG/APA-Fotoservice) >> Öffnen auf photaq.com
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