LANXESS receives excellent sustainability ratings

LANXESS has achieved top positions in several sustainability ratings. In the Dow Jones Sustainability Index (DJSI) Europe, the specialty chemicals company ranked first in the “Chemicals” category 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.

In November, rating agency MSCI ESG confirmed LANXESS’ AA rating for the fourth year in a row. This makes the specialty chemicals company one of the highest-rated in the “Commodity & Diversified Chemicals” industry. MSCI ESG assesses how well companies manage environmental, social and governance (ESG) risks.

Also in November, rating agency ISS ESG raised LANXESS’ rating from B- to B on a scale of A+ to D-, while at the same time confirming the company’s prime status. This puts LANXESS among the best-rated companies in the chemical industry. ISS ESG takes into account around 100 indicators per industry.

In addition, LANXESS received a gold-level sustainability rating from EcoVadis. This distinction is awarded to the top 5 percent of the more than 100,000 companies evaluated by EcoVadis. The EcoVadis rating is used by companies to assess the sustainability performance of business partners.

On track to climate neutrality

“The excellent scores we have achieved in various sustainability ratings reflect our unwavering commitment to sustainable business practices. They show that we take our responsibility to the environment, society and good corporate governance seriously,” says Hubert Fink, member of the Board of Management at LANXESS.

LANXESS aims to achieve climate-neutral production and energy use by 2040. The company also aims to make the entire value chain climate-neutral by 2050. According to the renowned Science Based Targets initiative, LANXESS’ plans will help to limit global warming to 1.5°C.

About LANXESS

LANXESS is a leading specialty chemicals company with sales of EUR 6.7 billion in 2023. The company currently has about 12,400 employees in 32 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives and consumer protection products. LANXESS has achieved leading positions in the Dow Jones Sustainability Index and the MSCI ESG and ISS ESG ratings, among others, for its commitment to sustainability.

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.