Sustainability targets

Sustainability targets

Target setting and monitoring

[MDR-T 80g, j]

Lenzing continuously assesses performance gaps, stakeholder expectations, upcoming regulations, strategic value levers, external ratings and scientific developments to strengthen its sustainability agenda. All environmental-related targets are grounded in scientific evidence. The Corporate Sustainability department collaborates closely with relevant functions across the organization to define Lenzing’s sustainability targets. The targets are then approved by the Managing Board.

[GOV-1 22d]

At Lenzing, a structured governance framework ensures effective oversight and progress monitoring of sustainability targets. Each target is sponsored by a Managing Board member, who nominates a target owner considering the relevant expertise and operational responsibility. The target owner identifies a target lead to ensure effective implementation. The process is monitored through quarterly review meetings between the Corporate Sustainability department, target owners and target leads. These reviews assess achievements, challenges and the status of related actions. The outcome is presented to the Managing Board ESG committee which – where necessary – initiates corrective or improvement measures. In addition, target achievement and feasibility are evaluated annually taking the market conditions and regulatory developments into consideration. Based on this assessment, sustainability targets may be refined to ensure continued ambition, practicality and alignment with Lenzing’s strategic decision.