Lenzing Group, a global leader in specialty fibers, has secured an "AA" rating from MSCI for the third consecutive time, positioning itself in the top eight percent of its peer group. The recognition underscores Lenzing's commitment to sustainability and its pivotal role in advancing the industry towards a circular economy.
Notably, Lenzing participated in the SAC Higgs FEM verification for the first time, assessing the environmental impact of its product manufacturing and achieving commendable results.
MSCI applauds Lenzing's governance structures, highlighting its proactive measures in addressing environmental risks and emphasizing the company's robust water stewardship program.
The reaffirmation of the "AA" rating enables Lenzing to further cut interest expenses, aligning with its sustainable financing initiatives. As part of a bonded loan agreement from 2019, Lenzing commits to donating the interest savings to a social-ecological project.
Stephan Sielaff, CEO of Lenzing Group, expressed pride in being among the world's top sustainable companies, emphasizing Lenzing's dedication to transforming the textile industry into a circular economy model.
Additionally, Lenzing excelled in the SAC Higgs FEM assessment, a crucial tool capturing every stage of product manufacturing's environmental impact. With outstanding scores, Lenzing sites lead in sustainability, having completed external verification, except for sites in Brazil and Thailand, scheduled for 2024.
