LANXESS has ranked first in Europe and fifth worldwide in the Chemicals category of the latest Dow Jones Best-in-Class Index. The specialty chemicals company received strong ratings for climate strategy, water, human rights and product stewardship.

Matthias Zachert, Chief Executive Officer of LANXESS AG, said the ranking underlines the company’s focus on embedding sustainability into its corporate strategy, including climate protection, responsible resource use and good governance.

LANXESS has also improved its sustainability rating from Sustainalytics, moving from the Medium Risk category to Low Risk. With a score of 19.6 points, the company is now among the top 4 per cent in the Specialty Chemicals segment and the top 6 per cent of the global chemical industry.

Other sustainability rating organisations have also recognised the company’s performance. CDP included LANXESS on its A List for climate protection and rated its water management commitment as A-. EcoVadis also confirmed the company’s Gold status, with LANXESS scoring 83 out of 100 points.

LANXESS aims to become climate-neutral in production and energy use by 2040, while its entire value chain is targeted to become climate neutral by 2050. The company said its sustainability strategy combines environmental responsibility with economic performance and responsible corporate governance.