Good governance and energized employees

Building accountability: How we strengthen corporate governance together

Governance at LANXESS defines the rules by which all employees must operate within the company at all times. These rules apply universally and are rooted in a system of five central values:

• Respect,
• Ownership,
• Trust,
• Professionalism,
• Integrity.

They serve as the cornerstone of collaboration. Our governance creates a framework that promotes both responsible behavior and high performance, by aligning with internationally recognized principles such as the U.N. Global Compact. This values-driven system, supported by effective management structures, enables sustainable and ethical corporate governance.

Our Corporate Policy, built upon these five values, lays the groundwork for our interactions with all stakeholders.

Internal guidelines and regulations are crucial for the functioning of our corporate policy and maintaining the trust of our partners, customers, and the public, as well as ensuring our sustainable success.

At the core is our Code of Conduct, enforced across all regions and levels. It outlines the fundamental principles of lawful and ethical behavior, directing all employees to act with responsibility, integrity, and transparency. This is reinforced by our HSE Directives (Health, Safety, Environment) ensuring high standards across all business areas.

Our Anti-Corruption Policy, rooted in our commitment to the U.N. Global Compact, prohibits any form of bribery or unethical advantage, with clear conduct expectations for employees in their dealing with external stakeholders.

Another key aspect of governance are our Tax Guidelines, which reflect responsible tax practices and compliance with global regulations, demonstrating our commitment to contributing to the communities in which we operate. 

Covering a wide range of topics and operating fields, these guidelines provide a comprehensive framework to guarantee that all business operations meet the highest standards of responsibility and integrity.

To prevent violations, our compliance organization plays a central role in the adherence to both legal and internal standards. A global network of Compliance Officers, led by the Group Compliance Officer, supports employees in preventing unlawful or unethical conduct and provides a clear point of contact and a direct reporting line to the Board of Management to maintain regular oversight.

In case of any breaches of the Code of Conduct, LANXESS has a group-wide "SpeakUp" system, allowing employees, business partners, and third parties to confidentially report violations. All reports are thoroughly investigated. Compliance training keeps employees informed and vigilant.

From potential to excellence: How we ensure our employees thrive

Effective governance principles create a stable and trustworthy environment, where our employees can fully realize their potential. This fosters a motivation, clear expectations and fair conditions, paving the way for engaged and high-performing employees, the heart of our success. This synergy between governance and employee engagement is crucial for our continuous growth and long-term success.

Employees and their way to us

Attracting top talent becomes essential to support this thriving culture, especially amid a competitive job market and demographic shifts. Our strong effective recruitment strategies involve leveraging specialized recruitment teams and advanced digital tools to attract and retain top talent across various regions.

After successfully recruiting talents, we focus shifts on continuous growth and excellence by investing in learning and development. We offer comprehensive vocational training and ongoing development opportunities to support employees in achieving their professional goals and navigating evolving market demands.

Employee experience at LANXESS

We embrace a rich mix of skills and backgrounds from around the globe, which naturally fosters diversity. Diversity and inclusion are integral to LANXESS's corporate philosophy, aiming to leverage the benefits of a diverse workforce to drive innovation and efficiency. Our commitment to diversity is reflected in our practices and policies, ensuring an inclusive work environment where all employees feel valued and included.

Our commitment to enhancing employee experience at LANXESS goes further and beyond. We prioritize overall wellbeing and satisfaction of our workforce. As employer we want to offer our employees what they deserve. Our remuneration is fair and competitive, based on external benchmarks and professional experience. Regular salary reviews  ensure equity, providing bonuses, long-term incentives, and comprehensive pension plans while aiming for gender pay parity.

Flexible working conditions, including extended parental and caregiver leave, tailored to local needs, support employee wellbeing. We emphasize safety and mental health through proactive health management and safety initiatives.

We actively involve employees in decision-making processes and strive to ensure that their voices are heard, fostering a collaborative and inclusive work environment.

Employees and their development

Continuous development contributes to a healthy mindset. That's why at LANXESS, we place great importance on employee growth and actively encourage our employees to pursue their professional development. We provide robust training programs and leadership initiatives, such as “compass” and “eXplorer,” to support career growth, succession planning, and alignment with company values.