EQS-News

Lenzing sets a good example in a difficult industry: social responsibility and sustainable jobs

EQS-News: Lenzing AG / Key word(s): Sustainability Lenzing sets a good example in a difficult industry: social responsibility and sustainable jobs 30.04.2024 / 09:06 CET/CEST The issuer is solely responsible for the content of this announcement. Lenzing sets a good example in a difficult industry: social responsibility and sustainable jobs

• Outstanding results in the Higg Facility Social & Labor Module (FSLM) for social sustainability
• Study shows: Lenzing creates 25,282 direct and indirect jobs in its production countries

Lenzing – The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, has achieved outstanding results in the Higg Facility Social & Labor Module (FSLM) certification for five of its production sites. This involved measuring the social impact of production in areas such as wages, working hours, health and safety and treatment of employees.

In addition to ecological and economic challenges, the global textile industry also has to contend with a number of social challenges, including precarious working conditions, non-compliance with human rights and other social grievances in parts of the value chain. Transparency along the supply chain plays an important role in overcoming these. One of Lenzing's key sustainability goals is to obtain a valid, independently audited and accredited social standard certificate for each of the Lenzing Group's production sites by 2024. This goal is pursued through the Higg Facility Social & Labor Module (Higg FSLM), which assesses social and labor-related conditions. In 2023, more than 7,200 companies worldwide underwent this audit, with Lenzing's result placing it in the top 25 percent of all verified Higg FSLM facilities.

“We are delighted with the outstanding results in the Higg Facility Social & Labor Module. They show once again that social sustainability and responsibility are not just buzzwords or empty phrases for us, but that we are actively committed to better working conditions. We will remain true to our mission and continue to contribute towards a textile industry more sustainable and fairer for all players in the industry,” says Christian Skilich, Member of the Management Board of the Lenzing Group.