Lanxess has once again secured top positions in various global sustainability ratings, reaffirming its position as a leader in the specialty chemicals industry. The company achieved the extraordinary feat of securing the first position in the “Chemicals” category in the Dow Jones Sustainability Index (DJSI) Europe, scoring an impressive 79 out of 100. Lanxess has also secured the third position in the DJSI World, emphasizing its global standing in sustainable practices.
The Dow Jones Sustainability Indices evaluate companies based on criteria related to climate strategy, water management, product stewardship, and occupational safety. Lanxess excelled in these categories, showcasing its dedication to holistic sustainability practices. The company’s robust performance in the DJSI Europe and DJSI World underscores its proactive approach to industry transformation and the creation of a more sustainable future.
The rating agency MSCI ESG reaffirmed Lanxess’ AA rating for the third consecutive time in the “Diversified Chemicals” industry. This recognition places Lanxess among the top companies in the sector, further validating its steadfast commitment to environmental, social, and governance (ESG) principles. Lanxess has also earned a platinum sustainability rating from EcoVadis in August. This prestigious distinction is awarded to the top 1 percent of over 100,000 companies assessed by EcoVadis. The recognition from MSCI ESG and EcoVadis further emphasizes Lanxess’ exceptional standing in sustainable business practices.
Hubert Fink, Member of the Board of Management of Lanxess AG, expressed the company’s dedication to actively shaping the industry’s transformation and contributing to global sustainability efforts. The positive rankings in the Dow Jones Sustainability Indices, along with strong ratings from MSCI ESG and EcoVadis, serve as testament to LANXESS being on the right track in its sustainability journey. Both the Dow Jones Sustainability Indices and MSCI ESG evaluate companies across environmental, social responsibility, and corporate governance dimensions. Similarly, EcoVadis assesses companies in the areas of environment, labor and human rights, ethics, and sustainable procurement.
Lanxess has undertaken significant steps to align its operations with sustainability goals. The company aims to make its entire value chain climate-neutral and has expanded its portfolio of sustainable products in 2023. Notable examples include the adjustment of the raw material base for the plasticizer Mesamoll to include 30 percent sustainable raw materials. Sulfur carrier additives under the Additin brand are now derived from locally sourced renewable raw materials.
The Flavors & Fragrances business unit also plans to introduce sustainable product variants for its complete portfolio, including flavors, fragrances, preservatives, and animal nutrition products. Many polyols and oxidation products are now available in sustainable versions, contributing to Lanxess’ environmentally conscious and sustainable practices. Lanxess has introduced the “Scopeblue” umbrella brand to highlight its most sustainable products. Products labeled under “Scopeblue” are based on over half renewable raw materials or boast a carbon footprint less than half that of comparable products made from conventional raw materials.
Lanxess has developed the “Product Carbon Footprint Engine” to automatically calculate the carbon footprint of Lanxess products, taking into account various factors such as greenhouse gas emissions during production, raw material-specific emissions, energy consumption, and transportation-related emissions. The tool follows the cradle-to-gate approach and has received certification from TÜV Rheinland. Lanxess’ commitment to sustainability, as evidenced by its top rankings in renowned sustainability indices, showcases the company’s steadfast goal to drive positive change in the industry and fostering a more sustainable future.
