LANXESS joins World Business Council for Sustainable Development
CologneJanuary 17, 2020
LANXESS has enhanced its commitment to sustainability. The speciality chemicals company joined the World Business Council for Sustainable Development (WBCSD) on January 1, 2020.
The WBCSD is a global, CEO-led organization working together to accelerate the transition to a sustainable world. At the core of the network are its six work programs, for example on climate and energy or circular economy, targeting the realization of the United Nation’s Sustainable Development Goals (SDGs). The WBCSD’s approximately 200 member companies represent 19 million employees and USD 8.5 trillion in sales.
LANXESS CEO Matthias Zachert: “Sustainability bolsters our business objectives in many different ways – whether by ensuring greater resource efficiency, good relationships with our stakeholders, greater risk awareness or long-time beneficial cost structures. I am delighted to have joined the World Business Council for Sustainable Development where, together with other member companies, we will be able to make a business case for sustainability.”
Peter Bakker, President and CEO of the WBCSD: “WBCSD is pleased to welcome LANXESS as our newest member. We are dedicated to working towards a transformation of the key systems across society, and LANXESS – as a provider of sustainable solutions for a wide range of areas – will strengthen the collaboration we aim for and help accelerate the transition to a sustainable world.”
In the last few months, LANXESS has focused its business activities even more on sustainability. The specialty chemicals company announced in November 2019 that it will become climate neutral by 2040. In December, LANXESS linked the interest rate terms of its main revolving credit facility to sustainability criteria.
The WBCSD is a global, CEO-led organization working together to accelerate the transition to a sustainable world. At the core of the network are its six work programs, for example on climate and energy or circular economy, targeting the realization of the United Nation’s Sustainable Development Goals (SDGs). The WBCSD’s approximately 200 member companies represent 19 million employees and USD 8.5 trillion in sales.
Sustainability bolsters business objectives
LANXESS CEO Matthias Zachert: “Sustainability bolsters our business objectives in many different ways – whether by ensuring greater resource efficiency, good relationships with our stakeholders, greater risk awareness or long-time beneficial cost structures. I am delighted to have joined the World Business Council for Sustainable Development where, together with other member companies, we will be able to make a business case for sustainability.”
Peter Bakker, President and CEO of the WBCSD: “WBCSD is pleased to welcome LANXESS as our newest member. We are dedicated to working towards a transformation of the key systems across society, and LANXESS – as a provider of sustainable solutions for a wide range of areas – will strengthen the collaboration we aim for and help accelerate the transition to a sustainable world.”
In the last few months, LANXESS has focused its business activities even more on sustainability. The specialty chemicals company announced in November 2019 that it will become climate neutral by 2040. In December, LANXESS linked the interest rate terms of its main revolving credit facility to sustainability criteria.
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.
