Lenzing Group to become the first carbon neutral fiber producer in the world

Lenzing sets net-zero CO2 emissions target by 2050
Reduction of specific CO2 emissions by 50 percent until 2030
Investment of more than EUR 100 mn to combat 1.3 Mt of CO2 emissions
Commitment to follow the Science Based Targets concept
Lenzing – The Lenzing Group, a recognized leader in climate action, 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 mn 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.