21st Austria weekly - Lenzing, Vienna Stock Exchange (05/12/2019)

Lenzing: The Lenzing Group recently announced that it will drastically reduce its CO2 footprint. A first milestone is set for 2030, when Lenzing plans to cut down on CO2 emissions per ton of product by 50 percent compared to a 2017 baseline. For 2050 Lenzing has announced a vision towards net-zero CO2 emissions. Now a further milestone has been reached: The Science Based Targets initiative, the most recognized organization in the field of climate-relevant target setting, has scientifically validated Lenzing’s climate target. Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered “science-based” if they are in line with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial temperatures. Lenzing is the first wood-based fiber producer, which has set a science-based target. “As an industry leader this is our responsibility towards future generations. It is part of our strategy to drive systemic change and to lead the industry with credibility”, says Stefan Doboczky, Chief Executive Officer of the Lenzing Group. „Using renewable raw material wood from sustainable forests and plantations that sequester carbon is a good thing. But we have to go further than that. At Lenzing, we look beyond fiber and wood and strive to develop and implement better and greener ways of production throughout the whole supply chain and also advocate this bold approach to our industry.”
Lenzing: weekly performance: 0.17%

Vienna Stock Exchange: In November 2019, the Vienna Stock Exchange recorded an equity trading volume of Euro 5.23 bn. The five most actively traded stocks last month were Erste Group Bank AG, OMV AG, voestalpine AG, Andritz AG  and Raiffeisen Bank International AG.