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    LNZ   AT0000644505


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PRESS RELEASE : Lenzing AG / Lenzing awarded platinum status for sustainability by EcoVadis

07/22/2021 | 04:16am EDT
  Corporate news transmitted by euro adhoc with the aim of a Europe-wide 
  distribution. The issuer is responsible for the content of this announcement. 
The award once again underscores Lenzing's role as a sustainability pioneer in 
the industry. 
Company Information 
Lenzing - The Lenzing Group, the world's leading supplier of sustainably 
produced specialty fibres, has been awarded Platinum status in EcoVadis' CSR 
rating. The assessment comprehensively covers the four main CSR (Corporate 
Social Responsibility) practices: the environment, fair working conditions and 
human rights, as well as ethics and sustainable procurement. 
In the previous three years, Lenzing had already received outstanding ratings in 
all categories, and was awarded Gold status in 2018, 2019 and 2020. For 2021, 
the company not only held this top ranking, but even exceeded it - to reach 
Platinum status. Lenzing thereby ranks among the world's top one percent of the 
companies evaluated. "We are very proud to have now achieved the step up to the 
Platinum level after several Gold ratings in the past few years. At Lenzing, we 
always think beyond fibres and take responsibility for our children and 
grandchildren - for whom we do our best in order to constantly improve 
ourselves. This attitude forms part of our strategic principles and we will 
continue to work hard to make a sustainable contribution to the environment and 
to society", notes Stefan Doboczky, CEO of the Lenzing Group. 
The Lenzing Group's ambitious climate targets form an essential part of its 
strategy and responsibility to future generations. In 2019, Lenzing became the 
world's first fiber manufacturer to commit to reducing CO2 emissions per ton of 
product by 50 percent by 2030, and even becoming climate-neutral by 2050. The 
Science Based Targets Initiative, the most recognised organisation in the area 
of climate-relevant target-setting, has scientifically validated Lenzing's 
climate targets. 
This scientific validation also forms one of the essential criteria that 
EcoVadis highlights in its rating. In addition, the responsible procurement of 
raw materials - according to social and ecological aspects - was also 
highlighted as a further core element in the company's sustainability strategy, 
as well as support for external environmental initiatives (Sustainable Apparel 
Coalition, Fashion Industry Charter for Climate Action) and initiatives on 
labour and human rights issues (Sustainable Apparel Coalition). 
Since its inception in 2007, EcoVadis has become the world's largest and most 
trusted provider of corporate sustainability ratings, creating a global network 
of more than 75,000 rated companies in 160 countries worldwide. It also provides 
information and tools that help to increase transparency within global supply 
chains. The methodological framework assesses companies' policies, measures and 
activities, as well as their published reports, in relation to the environment, 
labour and human rights, ethics and sustainable procurement. 
Foto-Download [https://mediadb.lenzing.com/pinaccess/ 
PIN: IzOT4dExai68 
Further inquiry note: 
Dominic Köfner 
Vice President Corporate Communications & Public Affairs 
Lenzing AG 
Phone: +43 7672 701 2743 
E-mail: media@lenzing.com 
end of announcement                         euro adhoc 

(END) Dow Jones Newswires

July 22, 2021 04:15 ET (08:15 GMT)

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More news
Sales 2021 2 216 M 2 599 M 2 599 M
Net income 2021 130 M 152 M 152 M
Net Debt 2021 1 269 M 1 487 M 1 487 M
P/E ratio 2021 21,0x
Yield 2021 0,73%
Capitalization 2 729 M 3 204 M 3 200 M
EV / Sales 2021 1,80x
EV / Sales 2022 1,48x
Nbr of Employees 7 633
Free-Float 50,0%
Duration : Period :
Lenzing AG Technical Analysis Chart | LNZ | AT0000644505 | MarketScreener
Technical analysis trends LENZING AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 5
Last Close Price 102,80 €
Average target price 122,58 €
Spread / Average Target 19,2%
EPS Revisions
Managers and Directors
Stefan Doboczky Chief Executive Officer
Thomas Obendrauf Chief Financial Officer
Peter Edelmann Chairman-Supervisory Board
Stephan Sielaff Chief Technology Officer
Helmut Bernkopf Member-Supervisory Board
Sector and Competitors