Bonded loan will allow Lenzing to fund future su - sportstextiles: Lea SportsTextiles

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Bonded loan will allow Lenzing to fund future sustainability ideas

28/11/2019
Bonded loan will allow Lenzing to fund future sustainability ideas
Branded fibre manufacturer Lenzing has secured a bonded loan of €500 million from investors around the world. Investors will lend the money to the company over the next ten years provided its sustainability performance remains high.

An independent sustainability consultancy, MSCI, will carry out an assessment of Lenzing’s sustainability management every year

Lenzing will use the money for the general running of the business, but some of it will provide the financial backing for “important sustainable future projects”.

Commenting on the development, chief finance officer, Thomas Obendrauf, said: “We are firmly convinced that sustainability represents an elementary factor for the economic success of the Lenzing Group.”

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Lenzing to build ‘biggest wood dissolving plant’ 07/01/2020

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