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28.01.2019 – 13:30

Lenzing AG

EANS-News: Lenzing AG
Lenzing ranked first by Canopy for sustainable wood sourcing

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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.
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* Re-confirms Lenzing’s responsible procurement of wood
* Underpins role as a leader in sustainability
* Lenzing helps preserve global forests and biodiversity

Company Information

Lenzing - The Lenzing Group has once again been rated the number one producer of
wood-based fibers (out of 31 globally) in the world with respect to the
responsible procurement of wood, the key raw material in cellulose fiber
production. This is the conclusion of the Hot Button Report published recently
by the Canadian environmental organization Canopy.

"We are proud of this top ranking. It underpins our role as a leader in
sustainability and gives our customers confidence that we have the right
practices in place to prevent the use of wood and pulp from ancient and
endangered forests", says Stefan Doboczky, Chief Executive Officer of Lenzing.
"Sustainable wood and pulp sourcing has long been given the highest priority by
the Lenzing Group. Forest protection is crucial for Lenzing, not least because
of the loss of biodiversity and climate change, which are becoming ever more
important issues."

Responsible sourcing and sustainability are key elements of Lenzing's corporate
strategy. They help preserve global forests and prevent deforestation, which in
turn make a substantial contribution to climate protection.

The Hot Button Report proves once more that there is a low risk for buyers using
Lenzing fibers. Lenzing was one of the first wood-based fiber producers to
complete and publicly release the results of its CanopyStyle Audit in 2017
confirming this. In 2019, the company will complete its second annual audit.

Zwtl.: Lenzing's achievements

In 2018, Lenzing adopted additional due diligence measures when sourcing from
high-risk countries, a decision positively noted by Canopy.

Lenzing's innovative TENCEL(TM) Lyocell fibers with REFIBRA(TM) technology, in
which cotton scraps are partly used as a raw material, have been welcomed by the
market as a product that takes pressure off the use of wood as a raw material.
REFIBRA(TM) technology is the most advanced concept in the wood-based fiber
market that clearly incorporates circular economy features on a commercial
level.

Canopy also praised Lenzing for using its influence to help advance a
conservation legacy in the heart of Canada's boreal forest. Lenzing communicated
its support and encouragement for formal protection of the Broadback Forest to
government and First Nation decision makers.

Photo download:
https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=tTZhf8nw5L1G [https://
mediadb.lenzing.com/pinaccess/showpin.do?pinCode=tTZhf8nw5L1G]
PIN: tTZhf8nw5L1G



Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Vice President Corporate Communications & Investor Relations
Tel.: +43 7672 701-2713
mailto: w.kaserer@lenzing.com

end of announcement                         euro adhoc
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issuer:       Lenzing AG
                
              A-A-4860 Lenzing
phone:        +43 7672-701-0
FAX:          +43 7672-96301
mail:      office@lenzing.com
WWW:       http://www.lenzing.com
ISIN:         AT0000644505
indexes:      WBI, ATX
stockmarkets: Wien
language:     English
 

Original content of: Lenzing AG, transmitted by news aktuell

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