A first milestone is set for 2030, when Lenzing plans to reduce CO2 emissions per ton of product by almost 50% compared to a 2017 baseline. The total CO2 reduction of all the planned initiatives will yield 1.3 million tons (Mt).
“Climate change is the most important issue mankind is facing. With this commitment we are fully in line with the Paris climate agreement and will further help the world to reduce the speed of global warming. Our ambitious decarbonization targets make us a front runner, not only in the world of fiber producers but also among major industrial companies. Despite the substantial investment that is necessary, we are convinced that this is not only a very responsible step but that it will also be a value-generating move”, says Stefan Doboczky, CEO of the Lenzing Group.