- First place in Europe and fourth globally in the Dow Jones Sustainability Index
- Group is one of the best chemical firms according to ISS ESG.
- ratings For the fourth time, MSCI ESG affirms its AA grade.
- EcoVadis Gold status
January 22, 2024, Mumbai LANXESS has ranked highly in a number of sustainability evaluations. The firm that specialises in speciality chemicals was placed top in the Dow Jones Sustainability Index (DJSI) Europe. the category of “Chemicals” with 79 out of 100 points. In the DJSI World, LANXESS achieved 4th place and scored particularly well in the areas of climate strategy, water, corporate ethics, human rights and product stewardship.
For the fourth consecutive year, LANXESS’ AA grade was reaffirmed by rating agency MSCI ESG in November. The speciality chemicals firm is now ranked among the top companies in the “Commodity & Diversified “chemicals” sector. Companies’ ability to handle environmental, social, and governance (ESG) risks is evaluated by MSCI ESG.
On a scale of A+ to D-, rating agency ISS ESG also upgraded LANXESS’ rating from B- to B in November, reaffirming the company’s premier position. This places LANXESS in the top tier. ranked businesses in the chemical sector. For each industry, ISS ESG considers about 100 indicators.
Additionally, EcoVadis awarded LANXESS a gold-level sustainability grade. The top 5% of the over 100,000 businesses assessed by EcoVadis are given this designation. The EcoVadis Businesses utilise ratings to evaluate their business partners’ sustainability performance.
Achieving climate neutrality
Our steadfast dedication to sustainable business practices is demonstrated by the outstanding ratings we have received across a range of sustainability metrics. They demonstrate that we accept accountability for the “We take the environment, society, and sound corporate governance very seriously,” says Herbert Fink, LANXESS board of management member.
By 2040, LANXESS wants its energy and production to be carbon neutral. By 2050, the corporation also wants to make the whole value chain carbon neutral. As stated by the well-known Science BasedPlans from LANXESS and the Targets project will contribute to keeping global warming to 1.5°C.
In 2023, LANXESS, a prominent speciality chemicals firm, generated EUR 6.7 billion in revenues. Currently, the corporation employs 12,400 people throughout 32 countries. LANXESS’s primary operations are the creation, production, and distribution of chemical goods for consumer protection, additives, and intermediates. Because of its dedication to sustainability, LANXESS has attained top rankings in the Dow Jones Sustainability Index as well as the MSCI ESG and ISS ESG evaluations.
Statements that look forward
There are certain forward-looking statements in this news release, such as the firm’s or third parties’ assumptions, beliefs, expectations, and viewpoints. sources. The actual results, financial condition, development, or performance of LANXESS AG may differ significantly from the estimates stated or suggested above due to a number of known and unknown risks, uncertainties, and other variables. LANXESS AG disclaims all liability for the future correctness of the opinions expressed and makes no guarantees that the underlying assumptions of such forward-looking statements are error-free. either as it is presented here or as the predicted developments actually materialise. No representative of LANXESS AG, any of its affiliated companies, or any of such person’s officers, directors, or employees accept any liability whatsoever arising directly or indirectly from the use of this document. This is because they make no express or implied representations or warranties regarding the information, estimates, targets, and opinions contained herein, and no reliance should be placed on them.