Monitoring and reporting

[GRI 201-2; ESRS E1-9]

The CEO and steering committee monitor project progress regularly. A group-wide Task Force on Climate-Related Financial Disclosures (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 the Carbon Disclosure Project (CDP) and been re-confirmed with an “A” in climate 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.

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