Naturally compliant

[ESRS G1-1, G1-3]

Lenzing’s mission of compliance

Lenzing is a global company and naturally acts in a compliant manner. The Compliance Management System is an integral part of the Lenzing Group’s reporting system. The compliance function aims to advise and support all Lenzing employees, executives and managers through preventive risk-oriented measures and consistent detection and response processes, ultimately protecting them from the negative consequences of violations of laws and values.

Compliance goes beyond adhering to legal requirements

Lenzing strives to achieve exemplary quality in products and processes, as well as integrity and honesty in dealing with business partners and shareholders. Compliance at the Lenzing Group not only stands for compliance with legal regulations and regulatory standards. Compliance for Lenzing is a question of attitude that also reflects a culture of tolerance and integrity when dealing with one another. Thus, the subject of compliance via the active responsibility of all employees and executives, as well as a shared culture of values is firmly anchored within the entire Group.

To Lenzing, compliance is teamwork

Lenzing’s compliance organization is transnational and composed of international experts led by the Group Compliance Officer, who reports directly to the managing board and the supervisory board. The executives of the Lenzing Group have the task of ensuring that the rules are known, understood and adhered to by all employees. For more information on the role of the highest governance body in overseeing the management of impacts, please see the Corporate Governance Report. Lenzing expects its employees to comply with its rules of conduct. They are also asked to be alert, examine carefully and report anything that can be improved or any violation of rules and values that is detected.

Lenzing Global Code of Conduct

Compliance measures and business ethics are crucial for Lenzing to comply with a multitude of legal regulations and standards at various sites and countries around the world. Lenzing attaches great value to the integrity and legally compliant behavior of all employees and business partners. Therefore, Lenzing has anchored its principles for compliant behavior in the Lenzing Global Code of Conduct. It serves as a guideline, orientation aid and advisor at the same time, so that all employees know how to react appropriately and in compliance with the rules in every situation. At the same time, it points out to Lenzing employees that violations of the Code of Conduct have serious consequences (civil, criminal, administrative criminal and/or disciplinary consequences, up to and including termination of employment). The Lenzing Global Code of Conduct is available to all employees in the Group languages on the intranet (“Lenzing Connect”) and is also accessible to external stakeholders on the company website. It is supplemented by the Global Supplier Code of Conduct which outlines Lenzing’s expectations for supplier conduct with respect to safety and health at work, labor and human rights, environmental protection, ethics and management practices. An overview of other publicly available policies to which Lenzing has committed can be found here.

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