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.
It’s in reality a nice and helpful piece of information. I’m satisfied that you shared
this useful info with us. Please stay us informed like this.
Thank you for sharing.
Greetings! Very helpful advice within this post!
It’s the little changes that produce the biggest changes.
Thanks a lot for sharing!
Heya i’m for the first time here. I came across this board and I find It truly
useful & it helped me out a lot. I hope to give something back and help others like you
aided me.
I was suggested this blog by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my problem. You are wonderful! Thanks!
I have read a few good stuff here. Certainly worth bookmarking for revisiting. I wonder how much effort you put to make such a magnificent informative web site.
Whoa! This blog looks just like my old one! It’s on a entirely different topic but it has pretty much the same layout and design. Superb choice of colors!
Regards for helping out, fantastic information. “Courage comes and goes. Hold on for the next supply.” by Vicki Baum.
I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post…
I am curious to find out what blog system you happen to be working with? I’m having some minor security problems with my latest website and I’d like to find something more secure. Do you have any solutions?
Thanks for sharing superb informations. Your web-site is very cool. I am impressed by the details that you have on this blog. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for extra articles. You, my pal, ROCK! I found just the information I already searched all over the place and simply could not come across. What an ideal web site.
Hello just wanted to give you a brief heads up and let you know a few of the pictures aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different internet browsers and both show the same results.
Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.
Wow! Thank you! I constantly needed to write on my website something like that. Can I include a part of your post to my website?