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LANXESS honored by climate protection initiative Carbon Disclosure Project
Specialty chemicals company LANXESS has received several accolades from the international investors’ initiative, the Carbon Disclosure Project (CDP). In this year’s evaluation, the company received an “A” score and will be listed with immediate effect as one of 193 companies around the world in the CDP’s “Climate A List.” LANXESS is thus among the top 9 percent of the more than 2,100 companies that took part in the initiative. An “A” score is given to companies that particularly distinguish themselves with regard to the transparency and completeness of their reporting and to their actual climate protection activities.
Furthermore, LANXESS was named “Sector Leader” in the Energy & Materials industry and is thus among the top 11 percent of companies in the Germany, Austria and Switzerland region. In an index comparison, the specialty chemicals company was rated among the top 4 percent of MDAX companies as an “Index Leader.”
LANXESS also improved the most among all participating German companies compared with the previous year. The company was therefore additionally named “Best Improver Germany.”
LANXESS Board of Management member Hubert Fink accepted the awards on behalf of the company: “We are pleased that the CDP has honored our transparent communication and our commitment. As an internationally operating chemical company, we are conscious of our responsibility in the area of climate protection. The good results strengthen our resolve to further consistently implement our climate protection strategy.”
The CDP particularly honored the specialty chemicals company’s transparency and achievements in the following areas: climate strategy, risk assessment, actual reduction in greenhouse gas intensity, and handling of indirect emissions, for example through CO2 emissions into the supply chain (Scope 3 emissions).
LANXESS voluntarily established new climate goals at the beginning of the year. By 2025 the company wants to reduce greenhouse gas emissions by 25 percent compared with 2015. Previously, LANXESS had already reduced its greenhouse gas emissions by around 17 percent between 2010 and 2015 and thus met its climate targets for the year 2015.
The CDP is an international investors’ initiative and an independent charitable organization that aims to achieve global transparency with regard to greenhouse gas emissions. The ratings offer institutional investors a guide for making sustainable investments. In this connection, the CDP each year compiles and evaluates the data of thousands of companies around the world with regard to greenhouse gas emissions, reduction strategies and targets, and climate risks and opportunities. The project is currently supported by 827 investors worldwide who manage assets of some USD 100 trillion.
For more information on the LANXESS Corporate Responsibility initiatives, go to: http://responsibility.lanxess.com.
The current report of the CDP is available at the initiative’s internet site: https://www.cdp.net/en/research/global-reports/tracking-climate-progress-2016.
LANXESS is a leading specialty chemicals company with sales of EUR 7.9 billion in 2015 and about 16,700 employees in 29 countries. The company is currently represented at 55 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Through ARLANXEO, the joint venture with Saudi Aramco, LANXESS is also a leading supplier of synthetic rubber. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World) and FTSE4Good.