COLOGNE, GERMANY: Lanxess has received several awards from the international investors’ initiative, the Carbon Disclosure Project (CDP). In this year’s evaluation, the company received an “A” score and will be listed with immediate effect as one of 193 companies around the world in the CDP’s “Climate A List.”
Lanxess is hence among the top 9 percent of the more than 2,100 companies that took part in the initiative. An “A” score is given to companies that particularly distinguish themselves with regard to the transparency and completeness of their reporting and to their actual climate protection activities.
Furthermore, the company was named “Sector Leader” in the energy & materials industry and is thus among the top 11 percent of companies in the Germany, Austria and Switzerland region. In an index comparison, the specialty chemicals company was rated among the top 4 percent of MDAX companies as an “Index Leader.”
Lanxess also enhanced the most among all participating German companies compared with the previous year. The company was therefore additionally named “Best Improver Germany.”
The CDP particularly honored the specialty chemicals company’s transparency and achievements in the following areas: climate strategy, risk assessment, actual reduction in greenhouse gas intensity, and handling of indirect emissions, for example through CO2 emissions into the supply chain.
The company voluntarily formed new climate goals at the beginning of the year. By 2025 the company wants to reduce greenhouse gas emissions by 25 percent compared with 2015. Earlier, it had already reduced its greenhouse gas emissions by around 17 percent between 2010 and 2015 and thus met its climate targets for the year 2015.
The CDP is an international investors’ initiative and an independent charitable organization that aims to achieve global transparency with regard to greenhouse gas emissions. The project is currently supported by 827 investors worldwide who manage assets of some $100 trillion.
“We are pleased that the CDP has honored our transparent communication and our commitment. As an internationally operating chemical company, we are conscious of our responsibility in the area of climate protection. The good results strengthen our resolve to further consistently implement our climate protection strategy,” said Hubert Fink, Board of Management member, Lanxess.
Read More: Lanxess bags CDP initiative award; enters ‘Climate A List’