Lenzing lyocell plant. © Lenzing AG

The Lenzing Group, a member of the CEO Climate Leaders Group of the World Economic Forum and a signatory to the United Nations Fashion Industry Charter for Climate Action, will drastically reduce its CO2 footprint.

The Lenzing Group will invest EUR 100 million over the coming years to reduce carbon emissions both inside its operational boundaries (scope 1+2) and in its supply chain (scope 3). Due to its ambitious CO2 emission reduction strategy, the Lenzing Group will further contribute towards helping customers to transition their business to a lower CO2 base.

A first milestone is set for 2030, when Lenzing plans to reduce CO2 emissions per ton of product by almost 50 percent (scope 1+2 and 3), compared to a 2017 baseline. The total CO2 reduction of all the planned initiatives will yield 1.3 Mt.

“Climate change is the most important issue mankind is facing. With this commitment we are fully in line with the Paris climate agreement and will further help the world to reduce the speed of global warming,” said Stefan Doboczky, CEO of the Lenzing Group. “Our ambitious decarbonisation targets make us a front runner, not only in the world of fibre producers but also among major industrial companies. Despite the substantial investment that is necessary, we are convinced that this is not only a very responsible step but that it will also be a value-generating move. It is our responsibility towards our children and grandchildren to act now.”

A series of measures in production as well as new innovations and adaptations to new technologies will help achieve these ambitious targets. A major contribution will also come from investments in the production of highly eco-responsible products such as Tencel branded lyocell fibres. On top of that, the drastic improvement of energy efficiency and an increase in the share of renewable energy in the energy mix will deliver the targets set.

“To underpin this strategy, Lenzing will commit itself to the Science Based Targets initiative, the most recognised organisation in the field of climate-relevant target setting. This step is a significant contribution to green up the textile industry and will help our partners to offer consumers textiles with an ecologically responsible footprint,” commented Robert van de Kerkhof, CCO of the Lenzing Group.

www.lenzing.com