Gender pay gap

[S1-16]

The total gender pay gap for the Lenzing Group, including all Lenzing entities, is 27.16 (2024: 25.30 – this is the adjusted value from 2024). The calculation method corresponds to the calculation method defined in the ESRS standard. The calculation was based in part on estimated working hours and annual pay. The accuracy of the estimates corresponds to level 2 (1 – exact figure, 2 – calculation/accurate estimate, 3 – rough estimate).

The Gender Pay Gap is represented as a ratio, where 0 is the ideal value, indicating that men and women are paid equally for the same amount of work. Higher positive values signify a greater disparity in pay between genders, where women earn less than men. For instance, if a man’s salary is double that of a woman, the pay gap ratio amounts to 50.

With regard to the gender pay gap, Lenzing recognizes that room for improvement still exists. Nevertheless, Lenzing believes that it is already on the right track. The detailed analysis of the gender pay gap can be found in the “Additional voluntary information on chapters” section in the “Annex”.