LANXESS has announced that it has scored highly in terms of sustainability in the Dow Jones Sustainability Index (DJSI) Europe, scoring 85 out of 100 points, ranking it first in the region.
The group achieved good results in the areas of product stewardship, water and human rights. In the DJSI World, LANXESS came in second as in the previous year.
“Sustainable, integrative thinking and acting support our corporate goals and are therefore anchored at all levels of the group,” said Hubert Fink, member of the board of management of LANXESS.
“We consider the renewed very good ranking in the DJSI to be both a confirmation and encouragement of our commitment.”
For DJSI, companies are evaluated in the areas of environment, social responsibility and corporate governance.
The DJSI World lists the top 10% of assessed global companies per industry, while the DJSI Europe lists the top 20% of companies headquartered in Europe.
Numerous external parties have recognised LANXESS’ commitment to climate protection, most recently the renowned Science Based Targets initiative (SBTi), as the group claimed.
The joint initiative of the climate protection organisation CDP, the UN Global Compact, the World Resources Institute and the World Wide Fund for Nature (WWF) has validated LANXESS’ targets for reducing its emissions and limiting global warming to a maximum of 1.5°C — a target set by the Paris Agreement.
To this end, SBTi analysed 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.