Lenzing Group has pledged to invest EUR100m (US$113.8m) over the coming years to reduce carbon emissions both inside its operations and in its supply chain as it aims to become the world’s first carbon neutral fibre producer.
The long-term target is net-zero CO2 emissions by 2050, with the first milestone set for 2030 when the company plans to reduce CO2 emissions per tonne of product by almost 50% compared to a 2017 baseline. The total CO2 reduction of all planned initiatives will yield 1.3m tonnes, the firm said in a statement on Friday (21 June).
“To underpin this strategy, Lenzing will commit itself to the Science Based Targets initiative, the most recognised organisation in the field of climate-relevant target setting. This step is a significant contribution to green up the textile industry, and will help our partners to offer consumers textiles with an ecologically responsible footprint,” says chief commercial officer Robert van de Kerkhof.
Targets adopted by companies to reduce greenhouse gas emissions are considered “science based” if they are in line with the goals of the Paris Agreement.
A series of measures in production as well as new innovations and adaptations to new technologies will also help Lenzing achieve its targets. In addition, the firm said a “major” contribution will come from investments in the production of eco-responsible products such as Tencel branded lyocell fibres.
“Climate change is the most important issue mankind is facing. With this commitment we are fully in line with the Paris Agreement and will further help the world to reduce the speed of global warming. Our ambitious decarbonisation targets make us a front runner, not only in the world of fibre 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,” adds CEO Stefan Doboczky.
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