The world’s leading supplier of wood-based specialty fibres, The Lenzing Group, has released its Sustainability Report 2021.
Bearing the title “Linear to Circular,” the report emphasises on the company’s focus on carefully balancing its needs with those of nature in the spirit of the circular economy.
“Our innovations in relation to the circular economy and biodegradability stem from a deep sense of responsibility to our planet and a desire to act in ways that future generations can be proud of,” notes Robert van de Kerkhof, Member of the Managing Board of Lenzing Group.
With the implementation of the two key projects in Brazil and Thailand, as well as with the investments at the existing Asian sites in China and Indonesia amounting to €200 million, Lenzing continues to march purposefully towards Group-wide climate neutrality.
Lenzing is the first fibre manufacturer to set a target to reduce its carbon emissions by 50 percent by 2030 and to be net-zero by 2050. This carbon reduction target has been verified and approved by the Science Based Targets (SBT) initiative.
In a statement, the company said that the partnership with Swedish pulp producer Södra marks a further milestone in Lenzing’s efforts to realise its ambitious climate and sustainability goals.
These two global market leaders, which have been proactively promoting the circular economy in the fashion industry for many years, are joining forces to give the issue a further boost and to make a decisive contribution to resolving the global textile waste problem.
An expansion of capacities for pulp recovery from waste textiles is also planned. The goal is to be able to recycle 25,000 tonnes of used textiles per year by 2025.
Lenzing is also taking new, innovative paths in terms of its non-financial reporting. It will offer its sustainability report in digital form from 2022.
“We have set ourselves the goal of also reflecting Lenzing’s high level of innovation in terms of its communications, and we are breaking new and innovative ground in this area. This year, we are pleased to be able to present our reports in digital and thereby interactive form for the first time. This not only makes our reporting more user-friendly, but also takes place exactly where the majority of our users are – online,” comments Dominic Köfner, Vice President Corporate Communications & Public Affairs.
