Impacts, risks and opportunities
[S1-4 38a, 38c, 40, MDR-P 65a]
This section outlines impacts, risks and opportunities (IROs) where applicable. The table illustrates how IROs relate to specific policies, targets, actions, and metrics. However, this does not imply that all listed elements are interconnected.
Sub-topic |
IRO |
IRO description |
Policies |
Targets |
Actions |
Metrics |
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Working conditions – Secure employment |
Risk and opportunity
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Maintaining employer attractiveness during workforce reductions and economic challenges, with an emphasis on transparent communication. |
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Opportunity
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Lenzing sees a growing requirement for social certificates from its customers. By being certified, Lenzing secures business by being listed as a preferred supplier. |
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Working conditions – |
Positive impact
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The implementation of flexible working time models, comprehensive leave options, and employee benefits supports a healthier work-life balance for the workforce. These measures are designed to reduce stress, enhance job satisfaction, and enable employees to better manage personal and professional responsibilities, contributing to overall well-being and retention. |
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Working conditions – |
Negative impact
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Inadequate safety precautions can impact and potentially expose its workforce at operated assets to potential health and well-being impacts. |
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Risk
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A poor working climate can lead to employee turnover or reduce their productivity. (Due to mental health.) |
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Equal treatment and opportunities for all – |
Negative impact
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Lenzing has challenges in the area of equal pay for equal work due to cultural issues and unconscious bias. Lenzing recognises the importance of gender equality and equal pay for equal work and is committed to continuous improvement in this area. |
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Equal treatment and opportunities for all – |
Risk
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Insufficient quality in succession planning can lead to a recline in productivity. |
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Equal treatment and opportunities for all – |
Negative impact
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A lack of support of diversity can lead to exclusion, isolation as well as discrimination and can have psychological consequences for employees. |
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Opportunity
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Diversity drives innovation and performance. Diverse and inclusive workplaces are linked to better talent retention, innovation and market competitiveness. |
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