- First place in Europe and fourth globally in the Dow Jones Sustainability Index
- Group is one of the best chemical firms according to ISS ESG.
- ratings For the fourth time, MSCI ESG affirms its AA grade.
- EcoVadis Gold status
January 28, 2024, Mumbai LANXESS has ranked highly in a number of sustainability evaluations. The firm that specialises in speciality chemicals was placed top in the Dow Jones Sustainability Index (DJSI) Europe. the category of “Chemicals” with 79 out of 100 points. LANXESS placed fourth in the DJSI World and excelled in the domains of product stewardship, corporate ethics, human rights, water, and climate strategy.
For the fourth consecutive year, LANXESS’ AA grade was reaffirmed by rating agency MSCI ESG in November. The speciality chemicals firm is now ranked among the top companies in the “Commodity & Diversified “chemicals” sector. Companies’ ability to handle environmental, social, and governance (ESG) risks is evaluated by MSCI ESG.
On a scale of A+ to D-, rating agency ISS ESG also upgraded LANXESS’ rating from B- to B in November, reaffirming the company’s premier position. This places LANXESS in the top tier. ranked businesses in the chemical sector. For each industry, ISS ESG considers about 100 indicators.
Additionally, EcoVadis awarded LANXESS a gold-level sustainability grade. The top 5% of the over 100,000 businesses assessed by EcoVadis are given this designation. The EcoVadis Businesses utilise ratings to evaluate their business partners’ sustainability performance.
Our steadfast dedication to sustainable business practices is demonstrated by the outstanding ratings we have received across a range of sustainability metrics. They demonstrate that we accept accountability for the “We take the environment, society, and sound corporate governance very seriously,” says Herbert Fink, LANXESS board of management member. By 2040, LANXESS wants its energy and production to be carbon neutral. By 2050, the corporation also wants to make the whole value chain carbon neutral. The well-known Science Based Targets program claims that LANXESS’s initiatives will contribute to keeping global warming to 1.5°C.
In 2023, LANXESS, a prominent speciality chemicals firm, generated EUR 6.7 billion in revenues. Currently, the corporation employs 12,400 people throughout 32 countries. LANXESS’s primary operations are the creation, production, and distribution of chemical goods for consumer protection, additives, and intermediates. Because of its dedication to sustainability, LANXESS has attained top rankings in the Dow Jones Sustainability Index as well as the MSCI ESG and ISS ESG evaluations.