CDP recognises Lanxess as global climate protection leader

by Autocar Pro News Desk , 10 Dec 2020


Lanxess' efforts in tackling climate change have once again been recognised by international climate protection initiative, CDP. In the most recent evaluation, the specialty chemicals company is once more listed in the ‘Climate A List’ as one of 270 companies worldwide, placing it among the top 5 percent out of around 5,800 enterprises evaluated by CDP.

The independent non-profit organisation CDP aims to create worldwide transparency on greenhouse gas emissions and the management of water resources and forests. In 2020, more than 9,600 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 515 investors worldwide managing assets totaling around US$ 106 trillion.

The score ‘A’ is awarded to companies that report on their climate protection activities in a particularly transparent and comprehensive manner and implement corresponding projects. For Lanxess, it is the fourth inclusion in the ‘A List’. The company has been disclosing data relevant to climate protection to CDP since 2012.

“Climate protection is a central part of Lanxess' corporate strategy. A fact that we underline with our ambitious goal to become climate neutral by 2040. Being awarded climate protection leader by CDP, once again proves that we are on the right track”, said Hubert Fink, member of the Board of Management of Lanxess AG.

Only recently, Lanxess was again included in the Dow Jones Sustainability Indices (DJSI) World and Europe – thanks to very good results in the area of climate strategy, among other things. The specialty chemicals company is at the top of the DJSI Europe in the 'Chemicals' category, as it was last year, and improved to second place in the DJSI World. Said Fink: “We are delighted that our commitment to greater sustainability and climate protection has been recognized so widely.”

Climate neutral by 2040
In the past year, Lanxess has focused its business activities even more strongly on sustainability, with climate protection and energy efficiency being key topics. By 2040, the specialty chemicals company intends to become climate neutral and eliminate its greenhouse gas emissions. In 2019, Lanxess emitted 3.06 million metric tons of CO2 equivalents – around 150,000 metric tons less than in the previous year.

Sustainable water management intensified
Lanxess says it has also intensified its commitment in the area of water management and for the first time has submitted respective data to CDP. In its first evaluation, the specialty chemicals company received the score ‘B’.

In addition, Lanxess has recently set itself specific goals for sustainable water management. As part of its ‘Water Stewardship Program’, the Group will initially strengthen sustainable water management with specific local projects at four sites in the areas with the greatest water stress. The aim is to reduce absolute water withdrawal at these sites by 15 percent by 2023. The experience gained from these projects should help to further improve water performance globally.