The climate crisis is one of the world’s most urgent challenges and requires global solutions. Its impact can be felt all over the world, and affects people, nature, and business. The EU Commission intends to confront this challenge with a “Green Deal” for Europe. This comprises an ambitious package of measures that aim to make Europe the first climate-neutral continent by 2050. As one of the sustainability pioneers in its sector, the Lenzing Group is making a significant contribution to achieving this goal.
As part of our “Naturally Positive” sustainability strategy, we follow three strategic principles: driving systemic change, the circular economy, and greening the value chain. The focus is on those sustainability areas where Lenzing can have the greatest impact in creating a more sustainable world.
In order to review which topics are material from the perspective of the Lenzing Group’s experts and stakeholders, the materiality analysis was revised in 2021. In a multi-stage process, the following topics were defined as essential together with stakeholders:
- Circular economy & resources
- Climate & energy
- Responsible wood procurement
- Biodiversity & ecosystems
- Sustainable innovations & products
- Health & safety
- Human rights & fair labor practices
- Business ethics
- Digitalization & cyber security
Lenzing has set ambitious, Group-wide sustainability targets for the most important challenges in each of its strategic focus areas. In order to enhance transparency, the corresponding implementation measures are described in the non-financial statement. The goals that have been set also relate to the Sustainable Development Goals (SDGs).
You can read more about the goals and implementation of the “Naturally Positive” sustainability strategy in the non-financial statement of the Lenzing Group’s Annual and Sustainability Report.