Germany: Carbon Disclosure Project Lanxess Honored by Climate Protection Initiative
Specialty chemicals company Lanxess received several accolades from the international investors’ initiative, the Carbon Disclosure Project (CDP).
Cologne/Germany — In this year’s evaluation, the company received an “A” score and will be listed with immediate effect as one of 193 companies around the world in the CDP’s “Climate A List.” The company is now among the top nine percent of the more than 2,100 companies that took part in the initiative. An “A” score is given to companies that particularly distinguish themselves with regard to the transparency and completeness of their reporting and to their actual climate protection activities.
Furthermore, Lanxess was named “Sector Leader” in the Energy & Materials industry and is thus among the top 11 % of companies in Germany, Austria and Switzerland. In an index comparison, the specialty chemicals company was rated among the top 4 % of MDAX companies as an “Index Leader.” The company was therefore additionally named “Best Improver Germany.”
The CDP particularly honored the specialty chemicals company’s transparency and achievements in the following areas: climate strategy, risk assessment, actual reduction in greenhouse gas intensity, and handling of indirect emissions, for example through CO2 emissions into the supply chain (Scope 3 emissions).