Our commitment to sustainability
LANXESS is recognized by a number of sustainability indices and rankings its our progress toward sustainable management.
Carbon Disclosure Project
The score “A” is awarded to companies that report on their climate protection activities in a particularly transparent and comprehensive manner and implement corresponding projects. For LANXESS it is the fourth inclusion in the “A List”. The company has been disclosing data relevant to climate protection to CDP since 2012.
Climate neutral by 2040
In the past year, LANXESS has focused its business activities even more strongly on sustainability, with climate protection and energy efficiency being key topics. By 2040, the specialty chemicals company intends to become climate neutral and eliminate its greenhouse gas emissions. In 2019, LANXESS emitted 3.06 million metric tons of CO2 equivalents – around 150,000 metric tons less than in the previous year.
More information on LANXESS’ goal to become climate neutral can be found at https://www.climateneutral2040.com/
Sustainable water management intensified
LANXESS has also intensified its commitment in the area of water management and for the first time has submitted respective data to CDP. In its first evaluation, the specialty chemicals company received the score “B”.
In addition, LANXESS has recently set itself specific goals for sustainable water management. As part of its “Water Stewardship Program”, the Group will initially strengthen sustainable water management with specific local projects at four sites in the areas with the greatest water stress. The aim is to reduce absolute water withdrawal at these sites by 15 percent by 2023. The experience gained from these projects should help to further improve water performance globally.
CDP: Highest transparency on corporate environmental data
The independent non-profit organization CDP aims to create worldwide transparency on greenhouse gas emissions and the management of water resources and forests. In 2020, more than 9,600 companies submitted their data. This makes the CDP data platform one of the world's most comprehensive sources of environmentally relevant information.
To increase transparency for all stakeholders, LANXESS is now offering quick and easy access to all sustainability figures in an ESG data factsheet at https://lanxess.com/en/Investors/ESG.
The CDP list of the best and the full set of company results are available on the initiative’s website:
Dow Jones Sustainability Indices
In 2020, LANXESS became a member of the Dow Jones Sustainability Index (DJSI) World for the tenth consecutive year. The Group is also again included in the Dow Jones Sustainability Index Europe. This year the company achieved particularly good results in the areas of climate strategy, management of water-related risks and human rights.
LANXESS awarded platinum in global EcoVadis assessment
LANXESS has been part of the industry initiative "Together for Sustainability" (TfS) since 2011. The aim of TfS is to take responsibility for the global supply chain and to initiate improvements on the way to sustainable procurement of goods and services.
As a member, LANXESS was also recently assessed by the EcoVadis agency. We achieved a performance score of 75/100 in the current assessment in 2021 and are among the top one percent in the industry with the "Platinum Level".
EcoVadis, a leading global rating agency for sustainability assessments, conducts the assessments as a partner of Together for Sustainability.