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.

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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.

Independently verified social certifications are now essential for companies
like Lenzing to be considered as a supplier. Major brands and retailers have
already established clear guidelines for their supply chains that require
potential suppliers to be socially certified.

Florian Heubrandner, Executive Vice President Commercial Textiles of the
Lenzing Group: 'If we can show clearly and transparently that social aspects
of sustainability are just as important to us as environmental issues, this
will improve our business relationships'.

A recent study by the Society for Applied Economic Research in Innsbruck
(Austria) (1) emphasises Lenzing's responsibility as an important employer.
The Lenzing Group creates a total of 25,292 jobs in the five countries in
which it operates production facilities. This figure includes not only
employees, but also indirect jobs - because every direct job created creates
more than two additional indirect jobs in other sectors of the economy.

Photo download:

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   Your contact for Public Relations:    Corporate Sustainability: Krishna
        Dominic Köfner Vice President     Manda Vice President Corporate
    Corporate Communications & Public         Sustainability Lenzing
   Affairs Lenzing Aktiengesellschaft    Aktiengesellschaft Werkstraße 2,
          Werkstraße 2, 4860 Lenzing,     4860 Lenzing, Austria Phone +43
      Austria Phone +43 7672 701 2743          7672 701 3417 E-mail
      E-mail (1)media@lenzing.com Web    (1)sustainbility@lenzing.com Web
               (2)www.lenzing.com  1.         (2)www.lenzing.com  1.
          mailto:media@lenzing.com 2.    mailto:sustainbility@lenzing.com
             https://www.lenzing.com/       2. https://www.lenzing.com/
                                                  About the Lenzing Group

     The Lenzing Group stands for eco-responsible production of specialty
        fibers based on cellulose and recycled material. As an innovation
              leader, Lenzing is a partner of global textile and nonwoven
        manufacturers and drives many new technological developments. The
      Lenzing Group's high-quality fibers form the basis for a variety of
            textile applications ranging from functional, comfortable and
    fashionable clothing to durable and sustainable home textiles. Due to
   their special properties and their botanical origin, the TÜV certified
    biodegradable and compostable Lenzing fibers are also highly suitable
                                           for everyday hygiene products.

        The business model of the Lenzing Group goes far beyond that of a
    traditional fiber producer. Together with its customers and partners,
     Lenzing develops innovative products along the value chain, creating
   added value for consumers. The Lenzing Group strives for the efficient
     utilization and processing of all raw materials and offers solutions
           to help transform the textile industry from the current linear
       economic system towards a circular economy. In order to reduce the
   speed of global warming and thus also support the targets of the Paris
    Agreement and the EU Commission's 'Green Deal', Lenzing has developed
     a clear science-based climate action plan that aims to significantly
    reduce greenhouse gas emissions by 2030 and a net-zero goal (scope 1,
                                                        2 and 3) by 2050.

                                   Key Facts & Figures Lenzing Group 2023
                                                     Revenue: EUR 2.52 bn
                                       Nominal capacity: 1,110,000 tonnes
                                                   Employees (FTE): 7,917

           TENCEL(TM), LENZING(TM) ECOVERO(TM), VEOCEL(TM), LENZING(TM) and REFIBRA(TM) are
                                                trademarks of Lenzing AG.

(1) GAW Wirtschaftsforschung: Economic and Regional Importance of the
Lenzing Group in 2023; March 2024


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30.04.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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   Language:       English
   Company:        Lenzing AG

                   4860 Lenzing
                   Austria
   Phone:          +43 7672-701-0
   Fax:            +43 7672-96301
   E-mail:         office@lenzing.com
   Internet:       www.lenzing.com
   ISIN:           AT0000644505
   Indices:        ATX
   Listed:         Vienna Stock Exchange (Official Market)
   EQS News ID:    1892383

End of News EQS News Service
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1892383 30.04.2024 CET/CEST