LANXESS again ranks top in Dow Jones Sustainability Indexes
- First rank in Dow Jones Sustainability Index (DJSI) Europe; second rank in DJSI World
- Outstanding results in the areas of product stewardship, management of water related risks and human rights
CologneDecember 12, 2022
LANXESS once again scores highly in terms of sustainability: The specialty chemicals company ranked first in the Dow Jones Sustainability Index (DJSI) Europe in the “Chemicals” category, scoring 85 out of 100 points. In the DJSI World, LANXESS came in second as in the previous year. The Group achieved particularly good results in the areas of product stewardship, water and human rights.
“Sustainable, integrative thinking and acting supports our corporate goals and is therefore anchored at all levels of the Group,” said Hubert Fink, member of the Board of Management of LANXESS AG. “We consider the renewed very good ranking in the Dow Jones Sustainability Index to be both a confirmation and encouragement of our commitment.”
For the Dow Jones Sustainability Indexes, companies are evaluated in the areas of environment, social responsibility and corporate governance. The DJSI World lists the top 10 percent of assessed global companies per industry, while the DJSI Europe lists the top 20 percent of companies headquartered in Europe.
LANXESS climate strategy on 1.5-degree path
Numerous external parties have recognized LANXESS’ effective commitment to climate protection, most recently the renowned Science Based Targets initiative (SBTi). The joint initiative of the climate protection organization CDP, the UN Global Compact, the World Resources Institute and the World Wide Fund for Nature has validated the Group's targets for reducing its emissions and confirmed that LANXESS is contributing to limiting global warming to a maximum of 1.5 degrees Celsius. This value is the target set by the Paris Agreement and is generally considered the threshold for preventing a climate catastrophe.
To this end, SBTi analyzed plans for lowering direct emissions in production (Scope 1), energy sources (Scope 2) and the upstream and downstream value chain (Scope 3). Three years ago, LANXESS had already set itself the goal of becoming climate-neutral in Scope 1 and Scope 2 emissions by 2040. In 2022, the specialty chemicals company extended its target to climate neutrality for Scope 3 emissions. It aims to achieve this by switching to sustainable raw materials, “green” logistics and a climate-neutral product portfolio.
“Sustainable, integrative thinking and acting supports our corporate goals and is therefore anchored at all levels of the Group,” said Hubert Fink, member of the Board of Management of LANXESS AG. “We consider the renewed very good ranking in the Dow Jones Sustainability Index to be both a confirmation and encouragement of our commitment.”
For the Dow Jones Sustainability Indexes, companies are evaluated in the areas of environment, social responsibility and corporate governance. The DJSI World lists the top 10 percent of assessed global companies per industry, while the DJSI Europe lists the top 20 percent of companies headquartered in Europe.
LANXESS climate strategy on 1.5-degree path
Numerous external parties have recognized LANXESS’ effective commitment to climate protection, most recently the renowned Science Based Targets initiative (SBTi). The joint initiative of the climate protection organization CDP, the UN Global Compact, the World Resources Institute and the World Wide Fund for Nature has validated the Group's targets for reducing its emissions and confirmed that LANXESS is contributing to limiting global warming to a maximum of 1.5 degrees Celsius. This value is the target set by the Paris Agreement and is generally considered the threshold for preventing a climate catastrophe.
To this end, SBTi analyzed plans for lowering direct emissions in production (Scope 1), energy sources (Scope 2) and the upstream and downstream value chain (Scope 3). Three years ago, LANXESS had already set itself the goal of becoming climate-neutral in Scope 1 and Scope 2 emissions by 2040. In 2022, the specialty chemicals company extended its target to climate neutrality for Scope 3 emissions. It aims to achieve this by switching to sustainable raw materials, “green” logistics and a climate-neutral product portfolio.
LANXESS is a leading specialty chemicals company with sales of EUR 6.7 billion in 2023. The company currently has about 12,400 employees in 32 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives and consumer protection products. LANXESS has achieved leading positions in the Dow Jones Sustainability Index and the MSCI ESG and ISS ESG ratings, among others, for its commitment to sustainability.
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors, nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document.
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