2023-01-19
CDP again awards an “A” rating to LANXESS’ efforts on climate protection
- Group among the top 2 percent of all companies assessed
- Included in CDP climate A List for the sixth time
India, January 19, 2023 – Specialty chemicals company LANXESS has once again been recognized for its achievements in the fight against climate change. In the latest assessment by the renowned climate protection initiative CDP, the Group has once again made it to the climate A List as one of 283 companies worldwide. This puts LANXESS among the top 2 percent of the nearly 15,000 companies scored by CDP.
The “A” rating is awarded to companies that report particularly transparently and comprehensively on their climate protection activities and also implement corresponding projects. LANXESS is on the A List for the sixth time this year. The Group has been disclosing climate protection-related data to CDP since 2012.
“Customers, investors and many other stakeholders are paying increasing attention to the sustainability of LANXESS’ operations. And climate protection is right at the top of the agenda. Being once again on the CDP A List shows that we are doing a lot in this area and, most importantly, achieving a lot,” said Hubert Fink, member of the Board of Management of LANXESS AG.
Multiple awards
The renewed inclusion in CDP’s climate A List follows several positive assessments in sustainability rankings this year. Just a few days ago, LANXESS was again included in the Dow Jones Sustainability Indices (DJSI) World and Europe. As last year, the specialty chemicals company leads the DJSI Europe in the “Chemicals” category and came in second in the DJSI World. In November, MSCI ESG confirmed LANXESS’ AA rating. LANXESS is thus among the global top 3 diversified chemical companies. In addition, EcoVadis confirmed LANXESS’ Platinum level in its sustainability rating in July. The award is given to the top 1 percent of the 75,000 companies analyzed by EcoVadis.
CDP: Highest transparency on environmental data
The independent non-profit organization CDP aims to create transparency worldwide on greenhouse gas emissions and the use of water resources and forests. In 2022, more than 18,700 companies submitted their data. This makes the CDP data platform one of the world's most comprehensive sources of environmentally relevant information. The project is currently supported by more than 680 investors worldwide, who manage a total of around 130 trillion US dollars in assets.
About LANXESS
LANXESS is a leading specialty chemicals company with sales of EUR 8.1 billion in 2022. The company currently has about 13,000 employees in 32 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives and consumer protection products. LANXESS is listed in the leading sustainability index Dow Jones Sustainability Index (DJSI World and Europe).
India, February 2024
Forward-Looking Statements
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.
Information for editors:
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