EANS-News: Lenzing / Lenzing supports industry initiatives to accelerate results in the race against climate change

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Joint Ventures/Cooperation/Collaboration

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* Private sector addresses the UNFCCC conference urging greater collaboration
* WEF's open letter signed by 50 CEOs of major global business offer fast-track
solutions
* Fashion Industry Charter for Climate Action increases awareness along the
whole value chain
* Lenzing Group changes from coal-fired boilers to gas-fired boilers in China
* REFIBRA(TM) technology of Lenzing Group one of leading circular business
models

Lenzing - The Lenzing Group, producer of fibers from botanic origin, expands its
environmental leadership commitment. It supports first-time initiatives of the
private sector addressing the UNFCCC climate conference in Katowice, Poland,
(COP24), where government leaders meet to review progress towards delivering on
the goals set in Paris in 2015.

As a member of the World Economic Forum's Alliance of CEO Climate Leaders,
Lenzing Group's CEO Stefan Doboczky signed the WEF's open letter to world
government leaders urging greater collaboration to accelerate outcomes in the
race against climate change. This letter was signed by the leaders of 50 major
global businesses representing more than USD 1.5 trillion in total revenue.

"Business has an increasingly vital role to play in accelerating the shift to a
low-carbon and climate-resilient economy. This requires partnerships with other
companies, governments at all levels and civil society. The Lenzing Group, as a
leader in sustainability in the textile and nonwovens industries, is passionate
about addressing the challenges the industries are facing and help meeting the
goals of the Paris Agreement", says Lenzing's Chief Executive Officer Stefan
Doboczky. "Together with our partners we are ready to facilitate fast-track
solutions. One of these is the change from coal-fired to natural gas-fired
boilers at our production facility in Nanjing, China. We have just started the
transition."

The second initiative the Lenzing Group supports is the Fashion Industry Charter
for Climate Action leading fashion brands, suppliers and other partners signed
to recognize the crucial role that fashion plays on both sides of the climate
equation - as a contributor to greenhouse gas emissions, and as a sector with
multiple opportunities to reduce emissions by the targeted 30 percent while
contributing to sustainable development. The charter was published in Katowice
today under the auspices of UN Climate Change, supported by 43 heads of the
fashion industry.

"To underpin the Fashion Industry Climate Charter the signatories will work
together on topics like decarbonization of the production phase, selection of
climate friendly and sustainable materials, low-carbon transport improved
customer dialogue and awareness of all stakeholders as well as exploring
circular business models", Robert van de Kerkhof, Chief Operating Officer of the
Lenzing Group says. "The Lenzing Group is committed to taking leadership
concerning the challenges our industry is facing and will reduce its CO2
emissions by 30 percent by 2030. One of the outstanding examples the Lenzing
Group is already supporting is the REFIBRA(TM) technology, a circular business
model which uses cotton scraps as a raw material for the production of a new
virgin fiber."

These initiatives underpin the Lenzing Group's ambition to help greening up the
textile and the nonwovens industries by extending collaboration with the
partners in the industry.

Photo download:
https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=vWQf555rz8XY [https://
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Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Vice President Corporate Communications & Investor Relations
Tel.: +43 (0) 7672 701-2713
mailto: w.kaserer@lenzing.com

end of announcement euro adhoc
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issuer: Lenzing AG

A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW: http://www.lenzing.com
ISIN: AT0000644505
indexes: WBI, ATX
stockmarkets: Wien
language: English

Original-Content von: Lenzing AG, übermittelt durch news aktuell