lenzing.com

Strategy

[ESRS S2 ESRS 2 SBM-2]1

Lenzing’s direct impact on the interests, views and rights of workers in the value chain is mainly limited to its suppliers and partially to its direct costumers. Lenzing’s impact consists of checking the working conditions by conducting audits and relying on rating and standards, for example the EcoVadis rating.

[ESRS S2 ESRS 2 SBM-3]

The Lenzing Group strongly supports globally recognized human rights, and vehemently opposes any form of violations. The commitment extends to safeguarding the rights of all workers within its sphere of influence, aligning with the Universal Declaration of Human Rights, UN Global Compact, OECD Guidelines for Multinational Enterprises and International Labour Organization’s (ILO) Declaration on Fundamental Principles and Rights at Work. These principles, which protect employees and workers as far as possible throughout the value chain, are fully respected and followed by the Lenzing Group. Success within the organization is considered to depend on the satisfaction and well-being of its employees and workers of the value chain. Lenzing actively promotes compliance with high internal standards and ongoing adherence to external requirements through comprehensive training programs and risk-based auditing procedures for suppliers.

Lenzing’s Global Code of Conduct serves as a guideline for its own business activities. Suppliers must agree to and confirm compliance with the Supplier Code of Conduct. Both guidelines were created according to the recommendations of the UN Global Compact, of which Lenzing is a member. The FSC® certificates provide the assurance that the forest management work takes into account aspects such as respect for the rights of indigenous people, the wellbeing of the professionals who work in the forest and local communities, the reduction of environmental impact, and the promotion of native forest conservation and restoration efforts.

Besides FSC® and PEFC for Lenzing`s wood and dissolving wood pulp supply, Lenzing also relies on EcoVadis addressing and assessing topics in the supply chain regarding sustainability issues which are based on international sustainability standards, such as the Ten Principles of the UN Global Compact, the ILO convention, the Global Reporting Initiative’s (GRI) standards, the ISO 26000 standard, the CERES Roadmap and the UN Guiding Principles on Business and Human Rights. For more information, please see “Business conduct” chapter.

1 In addition to the GRI disclosure, the corresponding ESRS section is noted. There is no claim to fulfilment of the ESRS in this and the following chapters.

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