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● Ranked 1st in the Dow Jones Sustainability Europe Index and 2nd in the Global Index
● Proven track record in product stewardship, water-related risk management and human rights
18 November 2021 - LANXESS is again convincing in sustainability: the specialty chemicals company ranks first in the "Chemicals" category of the Dow Jones Sustainability Europe Index with a score of 87 out of 100 ), ranked second in the global index
.
LANXESS has a particularly strong track record in product stewardship, water risk management and human rights
.
Hubert Fink, member of the LANXESS Group Board of Management, said: “We want to actively make economies and value chains more sustainable globally
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We believe that LANXESS’s re-leading the Jones Sustainability Index is a testament to the success of our efforts
.
The Dow Jones Sustainability Index assesses economic-related ESG factors annually
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ESG stands for three sustainability dimensions - environmental, social and governance
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The Dow Jones Sustainability Global Index lists the top 10% of companies globally assessed in each industry, while the Dow Jones Sustainability Europe Index lists the top 20% of companies headquartered in Europe
.
Sustainable use of water and chemicals
Sustainable use of water and chemicalsTwo years ago, LANXESS announced plans to become climate neutral by 2040
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In 2020, the specialty chemicals company also committed to reducing water withdrawals by 15% by 2023 at its production sites located in areas with high water stress
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In addition, LANXESS is committed to further improving the sustainability performance of its product portfolio, eliminating key substances from products and developing safe alternatives
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LANXESS has also pledged not to sell any new chemical end-products containing critical substances in concentrations exceeding 0.
1%
.
Board compensation linked to SDGs
Board compensation linked to SDGsIn addition to voluntary commitments, the specialty chemicals company is also focusing on an incentive system that increases sustainability: Since the beginning of the year, a newly established compensation system for the management board has been implemented
.
About one-third of variable compensation is tied to a company's sustainability performance
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Specifically, LANXESS' performance in climate protection and occupational safety will be included in the compensation system in 2021
.
