The CEO and steering committee monitor project progress regularly.
A group-wide TCFD process has been implemented to identify, prioritize, quantify, and mitigate climate change risks in operations and the supply chain.
To improve transparency and measure Lenzing’s progress against key industry-leading disclosure platforms, Lenzing has submitted CDP climate disclosures and been rated “A” for its leadership-level performance.
A process has been created in the Finance and Controlling department to facilitate management reporting and align corporate priorities on key topics such as climate change with proper capital allocation. This process defines which projects require financing and thus removes obstacles to their timely implementation by supporting management’s decision-making.
