LANXESS once again convinces in terms of sustainability: In the Dow Jones Sustainability Index (DJSI) Europe, the specialty chemicals company took first place in the “Chemicals” category with a score of 79 out of 100. LANXESS ranked third in the DJSI World. The company scored particularly well in the categories climate strategy, water, product stewardship and occupational safety.
In November, the rating agency MSCI ESG confirmed LANXESS’ AA rating for the third time in a row. This makes the specialty chemicals company one of the best companies in the “Diversified Chemicals” industry.
In addition, EcoVadis confirmed LANXESS’ platinum sustainability rating in August. This distinction is awarded to the top 1 percent of over 100 000 companies rated by EcoVadis.
Both the Dow Jones Sustainability Indices and MSCI ESG evaluate companies in the areas of environment, social responsibility and corporate governance. EcoVadis evaluates companies in the areas of environment, labor and human rights, ethics and sustainable procurement.
LANXESS aims to make its entire value chain climate neutral and has therefore further expanded its portfolio of sustainable products in 2023. The raw material base for the plasticizer “Mesamoll” has been changed so that it now consists of 30 percent sustainable raw materials. Sulfur carrier additives under the “Additin” brand are also based on locally sourced, renewable raw materials. In addition, the Flavors & Fragrances business unit plans to offer sustainable product variants for its entire portfolio of flavors and fragrances, preservatives and animal nutrition products. Many polyols and oxidation products are also available in a sustainable version.
LANXESS markets its most sustainable products under the “Scopeblue” umbrella brand. “Scopeblue” labels products that are based on more than half renewable raw materials or have a carbon footprint that is less than half that of a comparable product made from conventional raw materials.
LANXESS is also supporting its customers in the industry’s transition to greater sustainability. The specialty chemicals company has developed a tool that automatically calculates the carbon footprint of its products. The “Product Carbon Footprint Engine” retrieves existing data from various areas of the company and calculates the resulting emissions using the cradle-to-gate approach. This includes greenhouse gas emissions during production, product-specific emissions associated with the raw materials, energy, operating resources and transportation used, as well as emissions from waste disposal. This tool has been certified by TüV Rheinland.