LANXESS Receives Excellent Sustainability Ratings
ECONOMY & POLICY

LANXESS Receives Excellent Sustainability Ratings

LANXESS has achieved top positions in several sustainability ratings. In the Dow Jones Sustainability Index (DJSI) Europe, the specialty chemicals company ranked first in the “Chemicals” category with 79 out of 100 points. In the DJSI World, LANXESS achieved 4th place and scored particularly well in the areas of climate strategy, water, corporate ethics, human rights and product stewardship.

In November, rating agency MSCI ESG confirmed LANXESS’ AA rating for the fourth year in a row. This makes the specialty chemicals company one of the highest-rated in the “Commodity & Diversified Chemicals” industry. MSCI ESG assesses how well companies manage environmental, social and governance (ESG) risks.

Also in November, rating agency ISS ESG raised LANXESS’ rating from B- to B on a scale of A+ to D-, while at the same time confirming the company’s prime status. This puts LANXESS among the best- rated companies in the chemical industry. ISS ESG takes into account around 100 indicators per industry.

In addition, LANXESS received a gold-level sustainability rating from EcoVadis. This distinction is awarded to the top 5 percent of the more than 100,000 companies evaluated by EcoVadis. The EcoVadis rating is used by companies to assess the sustainability performance of business partners.

On track to climate neutrality “The excellent scores we have achieved in various sustainability ratings reflect our unwavering commitment to sustainable business practices. They show that we take our responsibility to the environment, society and good corporate governance seriously,” says Hubert Fink, member of the Board of Management at LANXESS.

LANXESS aims to achieve climate-neutral production and energy use by 2040. The company also aims to make the entire value chain climate-neutral by 2050. According to the renowned Science Based Targets initiative, LANXESS’ plans will help to limit global warming to 1.5°C.

LANXESS has achieved top positions in several sustainability ratings. In the Dow Jones Sustainability Index (DJSI) Europe, the specialty chemicals company ranked first in the “Chemicals” category with 79 out of 100 points. In the DJSI World, LANXESS achieved 4th place and scored particularly well in the areas of climate strategy, water, corporate ethics, human rights and product stewardship. In November, rating agency MSCI ESG confirmed LANXESS’ AA rating for the fourth year in a row. This makes the specialty chemicals company one of the highest-rated in the “Commodity & Diversified Chemicals” industry. MSCI ESG assesses how well companies manage environmental, social and governance (ESG) risks. Also in November, rating agency ISS ESG raised LANXESS’ rating from B- to B on a scale of A+ to D-, while at the same time confirming the company’s prime status. This puts LANXESS among the best- rated companies in the chemical industry. ISS ESG takes into account around 100 indicators per industry. In addition, LANXESS received a gold-level sustainability rating from EcoVadis. This distinction is awarded to the top 5 percent of the more than 100,000 companies evaluated by EcoVadis. The EcoVadis rating is used by companies to assess the sustainability performance of business partners. On track to climate neutrality “The excellent scores we have achieved in various sustainability ratings reflect our unwavering commitment to sustainable business practices. They show that we take our responsibility to the environment, society and good corporate governance seriously,” says Hubert Fink, member of the Board of Management at LANXESS. LANXESS aims to achieve climate-neutral production and energy use by 2040. The company also aims to make the entire value chain climate-neutral by 2050. According to the renowned Science Based Targets initiative, LANXESS’ plans will help to limit global warming to 1.5°C.

Next Story
Real Estate

CRDA Approves Rs 17.32 Bn Tenders for Housing and Infra

The Capital Region Development Authority (CRDA), during its forty-seventh meeting chaired by Chief Minister N. Chandrababu Naidu, approved tenders worth Rs 17.32 billion to develop key infrastructure in Amaravati’s core capital area.Municipal Administration and Urban Development Minister Ponguru Narayana announced that Rs 5.14 billion was sanctioned for completing gazetted officers’ towers initiated between 2014 and 2019. In addition, Rs 1.94 billion was approved for external infrastructure, Rs 5.07 billion for nine towers for non-gazetted employees, and Rs 5.17 billion for twelve new towe..

Next Story
Real Estate

Prestige Estates Nets Rs 30 Bn in NCR Debut Launch

Prestige Estates Projects Limited has recorded sales of over Rs 30 billion within one week of launching its first residential project in the National Capital Region (NCR). The project, The Prestige City, located in Indirapuram Extension on National Highway twenty-four, sold one thousand two hundred units during its initial launch phase.This marks the Bengaluru-based developer’s maiden entry into NCR’s residential real estate market. The company attributes the strong response to brand trust, strategic location, and rising demand for premium, planned communities.The launch covered two reside..

Next Story
Infrastructure Transport

Palakkad Railway Division Upgrades Turnouts for Safety

The Southern Railway’s Palakkad Division has implemented a series of infrastructure upgrades to enhance train safety and operational efficiency. Over the past one year, the division has replaced one hundred thirty-three ageing fifty-two kilogram turnouts with robust sixty kilogram Thick Web Switches, engineered for high-speed durability and increased strength.Seventy-seven track layouts were corrected using advanced computer-based geometry solutions, involving precise longitudinal and lateral alignment with the aid of the T-28 Track Relaying Machine. These corrections improve track stability..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?