07 April 2022, Mumbai:
The Lenzing Group, the world's largest provider of wood-based specialty fibers, has launched its Sustainability Report 2021.
The paper, titled "Linear to Circular," highlights the company's commitment to carefully balancing its requirements with those of nature in the spirit of the circular economy.
"Our inventions in the circular economy and biodegradability spring from a profound feeling of duty to our world and a desire to act in ways that future generations may be proud of," says Lenzing Group Member Robert van de Kerkhof.
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Lenzing continues to make strides toward Group-wide climate neutrality with the realization of two significant projects in Brazil and Thailand, as well as €200 million in investments at existing Asian facilities in China and Indonesia.
Lenzing is the first fiber company to commit to reducing carbon emissions by half by 2030 and becoming carbon-neutral by 2050.
The Science Based Targets (SBT) organization has evaluated and certified this carbon reduction aim.
The relationship with Swedish pulp manufacturer Södra, the business said in a statement, "marks a further milestone in Lenzing's efforts to achieve its ambitious climate and sustainability goals."
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These two global market leaders, who have been actively pushing the circular economy in the fashion sector for many years, are teaming together to give the issue a boost and make a significant contribution to alleviating the worldwide textile waste problem. It is also planned to expand the capacity for recovering pulp from discarded textiles.
By 2025, the objective is to be able to recycle 25,000 tonnes of discarded textiles. In terms of non-financial reporting, Lenzing is likewise breaking new ground. From 2022, it will make its sustainability report available in digital format.
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"We established a goal for ourselves to represent Lenzing's high degree of creativity in terms of communications, and we're forging new and inventive ground in this area."
For the first time this year, we are able to publish our reports in digital and hence interactive form.
This not only makes our reporting more user-friendly, but it also happens where the bulk of our users are — online," Dominic Köfner, Vice President of Corporate Communications & Public Affairs, explains.
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CREDITS: Apparel Resources.
