LANXESS again with leading positions in Dow Jones Sustainability Indices

Mumbai, November 19: LANXESS once again convinces in terms of sustainability: The specialty chemicals company placed first in the Dow Jones Sustainability Index (DJSI) Europe in the “Chemicals” category, scoring 87 out of 100 points. In the DJSI World, LANXESS came in second place. The Group achieved particularly good results in the areas of product stewardship, management of water related risks and human rights.

“We want to play an active role in the transformation of the economy and global value chains towards a more sustainable world,” said Hubert Fink, member of the Board of Management of LANXESS AG. “We consider the renewed very good ranking in the Dow Jones Sustainability Index as proof of the success of our efforts.”

The Dow Jones Sustainability Indices evaluate economically relevant ESG factors once a year. ESG stands for the sustainability dimensions Environment, Social and Governance. The DJSI World lists the best 10 percent of the global companies evaluated per sector, while the DJSI Europe lists the best 20 percent of companies headquartered in Europe.

Sustainable use of water and chemicals

Two years ago, LANXESS published its plan on how to become climate-neutral by 2040. In 2020, the specialty chemicals company also committed to reducing water withdrawals at sites in areas with particularly high water stress by 15 percent by 2023.

In addition, LANXESS has pledged to further improve its product portfolio’s sustainability performance, eliminate critical substances in products, and develop safe alternatives. The company has also committed not to market any new chemical end products that contain critical substances in a concentration of more than 0.1 percent.

Board remuneration linked to sustainability targets

In addition to voluntary commitments, the specialty chemicals company is focusing on incentive systems for greater sustainability: a new compensation system for the Board of Management has been in place since the beginning of the year. Roughly one-third of the variable compensation is linked to the company’s sustainability performance. Specifically, the company’s performance in climate protection and occupational safety will be factored into the system for 2021.

2 thoughts on “LANXESS again with leading positions in Dow Jones Sustainability Indices

  1. At this time it appears like Expression Engine is the top blogging
    platform available right now. (from what I’ve read) Is that what you’re using on your blog?

Leave a Reply

Your email address will not be published.

Business

Jaipur’s Metalware Manufacturer IRIS Wins the Mandate for the Wedding of Katrina Kaif and Vicky Kaushal

Exclusive metalware products of IRIS, to bedeck the wedding of Katrina Kaif and Vicky Kaushal; IRIS supplies Metalware for all the leading hotel chains of India, including the upscale luxury properties of Rajasthan Jaipur (Rajasthan) [India], December 4: As the ancient town of Barwara, near Sawai Madhopur, gears up for the preparation of the much-awaited […]

Read More
Business

Leading Funds including Societe Generale Pick up stake in Karda Construction Ltd

Mumbai (Maharashtra) [India], December 4: BSE & NSE listed Karda Constructions Limited (KCL), a leading player in the affordable and mid-income housing segment in its home turf Nashik, Maharashtra. As per bulk deal data available on NSE, France based Fund, SocieteGenerale bought 36,00,000 shares at Rs. 16.65 of Karda Construction Ltd on 2 December 2021. […]

Read More
Business

KnowDis Machine Learning Day 2021 – 3rd Edition on December 3, 2021

New Delhi (India), December 03: KnowDis and School of AI, IIT Delhi, have jointly organized the third edition of the online conference that looks to bring together leading experts from all over the world for a meeting of the minds. Hearing these discussions will stimulate the minds of young researchers to push the frontiers of […]

Read More