Impact Valuation: The impact of our business activities on society
The term "Impact Valuation" is based on the idea that a company’s financial results alone do not sufficiently reflect the benefits and costs of business to society. Therefore, the calculation must go beyond the pure business results, and should include the societal costs and benefits. These results will show the true contribution of the company to society - the so-called "societal result".
Through impact assessment, we can increase our competitiveness and create value for LANXESS and society.
Impact assessment helps us make better management decisions in a variety of areas, including human, natural and financial resources. It also helps us understand our impact on societal challenges, as formulated in the Sustainable Development Goals.