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Scandal about masks: Lenzing is thrown out of ethics fund

Posted On March 17, 2021

The scandal surrounding the masks of Hygiene Austria has the first negative consequences for co-owner Lenzing – the first fund managers are pulling the emergency brake. And retail is waiting for answers.


SN / apa

The trade has taken the Hygiene Austria masks from the shelves – and does not want to be left with the costs. apa / Hans Klaus techt

The Upper Austrian fiber manufacturer Lenzing is seen as a prime example of a sustainable company. They produce synthetic fibers from wood, have developed textile recycling models and only successfully placed a promissory note loan in November that is linked to their own sustainability performance. And they are ambitious: by 2030, Lenzing wants to reduce greenhouse gas emissions by 50 percent and be climate-neutral by 2050. The current advertising campaign also refers to the “great responsibility” that one has for the future.

Several sustainability funds have invested in Lenzing. Always more …

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Accessed on March 17, 2021 at 8:53 am on https://www.sn.at/wirtschaft/oesterreich/skandal-um-masken-lenzing-fliegt-aus-ethikfonds-101212663

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