[ESRS 2 IRO-1; GRI 3-1]
Materiality analysis
In 2021, a so-called double materiality analysis was carried out. This means that both the influence of the environment on the company and the influence of the company on the environment were examined and supplemented by the financial consideration of these influences. Lenzing is continuously engaging with stakeholders to understand the relevance and update the materiality analysis if required. In the reporting year, Lenzing had conversations with several stakeholders (e.g. Canopy) and no new topics were identified. For further information on the updated materiality analysis, please see the “Materiality analysis” focus paper.
[ESRS 2 IRO-2; GRI 3-2]
Material aspects and chapter |
Strategic focus area |
NaDiVeG |
ESRS |
SDG |
|---|---|---|---|---|
Circularity & resources |
Partnering for systemic change, Sustainable innovations |
Environmental matters |
E5 Resource use and circular economy |
9, 11, 12, 17 |
Climate & energy |
Decarbonization |
Environmental matters |
E1 Climate change |
7, 13, 17 |
Responsible wood sourcing |
Raw material security |
Environmental matters |
E5 Resource use and circular economy, |
15 |
Biodiversity & ecosystems |
Raw material security |
Environmental matters |
E4 Biodiversity and ecosystems |
15 |
Sustainable innovation & products |
Sustainable innovations |
Environmental matters |
E2 Pollution, |
9, 12, 17 |
Health & safety |
Empowering people |
Employee-related matters |
S1 Own workforce |
3 |
Human rights & fair labor practices |
Empowering people |
Employee-related matters, Respect for human rights |
S1 Own workforce, |
5, 8, 10 |
Business ethics |
Empowering people |
All non-financial matters |
G1 Business conduct |
16 |
Digitalization & cyber security |
Sustainable innovations |
All non-financial matters |
– |
9, 8, 16 |
Further sustainability aspects |
||||
Supply chain sustainability |
Raw material security, Partnering for systemic change |
Environmental matters, Respect for human rights |
– |
8, 12, 17 |
Water stewardship |
Sustainable innovations |
Environmental matters |
E3 Water and marine ressources |
6 |
Community wellbeing |
Enhancing community wellbeing |
Social matters |
S3 Affected communities |
1, 3, 11 |
Diversity, inclusion & equal opportunity |
Empowering people |
Employee-related matters, Respect for human rights |
S1 Own workforce |
5, 10 |
Employee empowerment & development |
Empowering people |
Employee-related matters, Respect for human rights |
S1 Own workforce |
5, 10 |