LANXESS again with top positions in sustainability ratings
• No. 1 in Dow Jones Sustainability Index
(DJSI) Europe; No. 3 in DJSI World
• MSCI ESG confirmed AA rating
• Platinum level in EcoVadis rating
achieved again
LANXESS once again
convinces in terms of sustainability: In the Dow Jones Sustainability Index
(DJSI) Europe, the specialty chemicals company took first place in the
“Chemicals” category with a score of 79 out of 100. LANXESS ranked third in the
DJSI World. The company scored particularly well in the categories climate
strategy, water, product stewardship and occupational safety.
In November, the rating
agency MSCI ESG confirmed LANXESS’ AA rating for the third time in a row. This
makes the specialty chemicals company one of the best companies in the
“Diversified Chemicals” industry.
In addition, EcoVadis
confirmed LANXESS’ platinum sustainability rating in August. This distinction
is awarded to the top 1 percent of the more than 100,000 companies rated by
EcoVadis.
Proof
of successful transformation to sustainability
“We want to actively shape
the transformation of the industry and global value chains and thus contribute
to a more sustainable future. The ranking in the Dow Jones Sustainability
Indices and good ratings by MSCI ESG and EcoVadis underline that we are on the
right track,” said Hubert Fink, Member of the Board of Management of LANXESS
AG.
Both the Dow Jones
Sustainability Indices and MSCI ESG evaluate companies in the areas of
environment, social responsibility and corporate governance. EcoVadis evaluates
companies in the areas of environment, labor and human rights, ethics and
sustainable procurement.
Sustainable
products for a climate-neutral future
LANXESS aims to make its
entire value chain climate neutral and has therefore further expanded its portfolio
of sustainable products in 2023. The raw material base for the plasticizer
Mesamoll has been changed so that it now consists of 30 percent sustainable raw
materials. Sulfur carrier additives under the Additin brand are also based on
locally sourced, renewable raw materials. In addition, the Flavors &
Fragrances business unit plans to offer sustainable product variants for its
entire portfolio of flavors and fragrances, preservatives and animal nutrition
products. Many polyols and oxidation products are also available in a
sustainable version.
LANXESS markets its most
sustainable products under the “Scopeblue” umbrella brand. Scopeblue labels
products that are based on more than half renewable raw materials or have a
carbon footprint that is less than half that of a comparable product made from
conventional raw materials.
Supporting
customers in their sustainability goals
LANXESS is also supporting
its customers in the industry’s transition to greater sustainability. The
specialty chemicals company has developed a tool that automatically calculates
the carbon footprint of its products. The “Product Carbon Footprint Engine”
retrieves existing data from various areas of the company and calculates the
resulting emissions using the cradle-to-gate approach. This includes greenhouse
gas emissions during production, product-specific emissions associated with the
raw materials, energy, operating resources and transportation used, as well as
emissions from waste disposal. The tool has been certified by TÜV Rheinland.