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09.11.2020 – 08:05

Lenzing AG

EANS-News: Lenzing AG
Canopy ranking: Lenzing for the first time achieves highest Hot Button category

  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.

In its annual ranking of sustainable wood procurement, the Canadian
environmental organization Canopy particularly highlights Lenzing?s continuous
leadership over the last number of years.

Unternehmen/Company Information

Lenzing - The Lenzing Group scored a total of 30.5 points (4 points more
compared to last year) and received for the first time a leading dark green
shirt, the highest Hot Button ranking category. Lenzing once again convinced the
non-profit organization Canopy with its innovative vision with regard to
circular economy and REFIBRA(TM) technology, its high level of transparency in
wood and pulp sourcing, as well as its active contribution towards protecting
forests and preserving biodiversity.

In this widely recognized ranking, Canopy grades the world's 31 largest
producers of wood-based fibers with respect to their sustainable wood and pulp
sourcing, their efforts with regard to using alternative non-wood feedstock and
their achievements for lasting conservation in critical forests around the

"We are very proud to be leading the industry with regard to responsible wood
and pulp sourcing. Innovation as well as transparency and sustainable raw
material sourcing are part and parcel of our sustainability strategy which
covers the whole value chain, from raw material to the final product", says
Stefan Doboczky, Chief Executive Officer.

Zwtl.: Leading in sustainable sourcing with a decade-long clean record

Wood and pulp are the most important raw materials for Lenzing's sustainable
production of cellulosic fibers. The Lenzing Group is particularly proud of its
decade-long clean record of sustainable wood sourcing, evidenced by its long-
standing credible commitment to wood certification, which Lenzing pioneered
already in the 1990s. Lenzing's commercial wood sources are 100 percent either
certified by FSC(R)(1) or PEFC(TM)(2), or controlled in line with FSC(R)
standards. In addition, Lenzing has successfully completed the second Canopy
verification audit.

Zwtl.: Social impact and afforestation project in Albania

At the backdrop of Lenzing's long history of clean sourcing, the company is even
more aware that the global forests are seriously threatened by illegal logging
and deforestation but also by the consequences of climate change. This is why
Lenzing - in addition to supporting a number of Canopy's conservation projects -
has set up a social impact and afforestation project in Albania (Southern
Europe). The forest areas in this country are among the European regions with
the greatest need for improvement. The project addresses the most urgent issues
that society will have to tackle in the upcoming 10 years: land degradation,
biodiversity loss, deforestation and climate change.

Zwtl.: Special focus on sustainable plantations in Brazil

For its latest investment in a pulp mill in Brazil, Lenzing actively
collaborates with Canopy to ensure that the wood sourcing is in line with
sustainable practices. The plantation is fully compliant with Lenzing's wood and
pulp sourcing policy. The plant will be among the highest productive and energy-
efficient facilities in the world and will feed the 40 percent excess
bioelectricity generated on site as "green energy" into the public grid.

Zwtl.: REFIBRA(TM) technology: Commercially available since 2017

As a long-standing player in the industry, Lenzing has undertaken extensive
research into many different alternative non-wood cellulose sources such as
annual plants, like hemp, straw, and bamboo. Until now, textile waste has turned
out to be the most promising alternative feedstock for scaled commercial use.

Lenzing's lyocell fiber produced with the breakthrough REFIBRA(TM) technology
(Eco Cycle technology for nonwoven applications) uses textile waste as part of
the feedstock and is an important step towards a circular economy. The
technology has been commercially available since 2017. It successfully combines
the environmentally responsible lyocell technology with a closed-loop production
process and the upcycling of cotton waste materials. The fiber is currently
available with 30 percent recycled textiles as a raw material.

Zwtl.: 50 percent recycled content by 2024

It is Lenzing's vision to make textile waste recycling a common standard process
like paper recycling and to offer fibers produced with REFIBRA TM technology
with up to 50 percent recycled content from post-consumer waste by 2024.

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(1) FSC-C041246
(2) PEFC/06-33-92

Further inquiry note:
Filip Miermans
Vice President Corporate Communications & Public Affairs
Lenzing AG
Phone: +43 664 8477802

end of announcement                         euro adhoc
issuer:       Lenzing AG

              A-4860 Lenzing
phone:        +43 7672-701-0
FAX:          +43 7672-96301
ISIN:         AT0000644505
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stockmarkets: Wien
language:     English