ESRS E1 Climate change

Abstract

Climate change is a core challenge for Lenzing due to the energy-intensive nature of dissolving wood pulp and fiber production. This chapter details Lenzing’s climate strategy, which includes eliminating fossil fuels, deploying renewable energy, and investing in advanced technologies to enhance energy efficiency and reduce greenhouse gas (GHG) emissions across global operations. Progress is measured against science-based targets (SBTs) validated by the Science Based Targets initiative (SBTi), with near-term goals and a long-term ambition to achieve net-zero emissions by 2050 in line with the Paris Agreement. The chapter also addresses climate-related risks and opportunities in a changing regulatory and market environment, highlighting the importance of innovation and resilience. Lenzing reports transparently through CDP and TCFD frameworks and has achieved CDP “A” rating for Climate Change for five consecutive years, thereby underscoring its leadership position in climate action.