Management approach
Management approach
Material topic: Transparency
[ESRS 2 MDR-A 68a; GRI 3-3]
As new digital technologies dramatically reshape industries, Lenzing pursues efforts to leverage the benefits of these technologies to optimize its operations and to enable transparency and traceability along the supply and value chain.
Positive actual impacts
- Positive impact on the trust of stakeholders by being transparent (own operations)
For a more detailed description of the impacts, risks and opportunities, please see the “Material impacts, risks and opportunities” section of the “ESRS 2 General disclosures” chapter.
Policies
- Sustainability Policy
Actions taken [ESRS 2 MDR-A 68a]
- Fiber identification system
- Lenzing E-Branding Service
- Downstream Value Chain Traceability via Fibercoins™ Digital Tokens
- Digital Product Passport
- Combining real-time shipment and carbon visibility
Stakeholders
- Retailers and brand partners
- Value chain partners in the textile and nonwovens industries
- IT solution partners
- Consumers seeking transparency in sustainable products
- Lenzing employees
- Lenzing shareholders
- Regulatory bodies
Responsible
- Lenzing management overseeing supply chain, traceability & transparency, and digital transformation projects
- Digital transformation and operational leaders facilitating the implementation of digital solutions
Supporting
- Textile and Nonwovens business units
- Global IT
In an increasingly digitalized business environment, transparency and traceability are essential. This chapter addresses the application of digital solutions and the promotion of sustainable business processes. Integrating transparency and traceability mechanisms can enhance operational visibility and strengthen compliance with regulatory standards and consumer expectations. For more information on Lenzing’s upstream value chain and transparent procurement practices, please see the “Sourcing” section of the “G1 Business conduct” chapter.
Transparency
Today, digital technologies are evolving at an unprecedented pace, becoming increasingly complex and affecting more people. As these technologies dramatically reshape industries, Lenzing strives to leverage their benefits to optimize operations, enable transparency and traceability along the value chain, and to provide additional value to its customers.