Partnering for systemic change

[ESRS 2 SBM-2; GRI 2-16, 2-29]

The world is more interconnected today than ever before. Improving access to technology and knowledge is an important way to share ideas and foster innovation. The complex global sustainability challenges society is facing, call for a collaborative approach to designing systemic solutions.

Engaging in a dialog means respecting stakeholders, contributing Lenzing’s expertise and knowledge, and taking the opportunity to learn from partners’ perspectives. Transparency is a prerequisite for fostering trust and long-term relationships. Each dialog starts with providing transparent information, supporting stakeholders to form an educated opinion and assess risks, and avoiding misunderstandings by building trust. Furthermore, stakeholder relationships built on mutual respect and openness help solve existing tensions and avoid potential conflicts.

For more information on our main stakeholder, please see the “Stakeholder engagement” focus paper.

Various business functions are involved in reaching out to individual stakeholders. In addition to the Lenzing Sustainability team, the Managing Board and managers of the different business functions are all important players who drive the company’s proactive approach towards an ongoing stakeholder dialog.

Key stakeholder groups

Key stakeholder groups (illustration)

Key stakeholders in 2023

The Lenzing Group’s key stakeholders are the people and entities who are potentially affected by its operations, business conduct, and strategic targets or who could enable Lenzing in reaching these targets. Lenzing regards them as strategic partners who have a significant interest in and impact on areas that matter the most to Lenzing. The most important stakeholder group is Lenzing’s staff. Their achievements and transparency and collaboration make them a clear testimony to the Lenzing Group’s credible sustainability performance. The main topics discussed in 2023:

  • Energy security and reducing reliance on fossil fuels
  • Climate change, GHG (greenhouse gas) emission targets, science-based target (SBT)
  • Equity, Diversity and inclusion
  • Responsible sourcing, in particular Supply Chain Due Diligence and (verification of) Scope 3 emissions
  • EU policies (e.g. EU Taxonomy, Empowering Consumers Directive, Corporate Sustainability Reporting Directive (CSRD))
  • ESG risks
  • Governance and business conduct
  • Net-benefit concept
  • Biogenic emissions, land use change
  • Circular economy, recycling technologies and innovative business models
  • Waste, emissions and water management
  • Transparency and traceability of supply chains
  • Environmental assessment and communication of products
  • Biodiversity and conservation of ecosystems
  • Benchmarking tools (Textile Exchange Preferred Fiber and Material Matrix)

For more information on the stakeholder dialog in 2023, please see the “Stakeholder engagement” in each topical standard.

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