Specialty chemicals company LANXESS is taking the next step in climate protection and has set a target for its scope 3 emissions by aiming to make its upstream and downstream supply chains climate-neutral by 2050.

This includes indirect emissions, particularly from purchased raw materials, but also from logistics and end products. By 2030, Scope 3 emissions are to be reduced by 40 percent compared with the base year 2015, from 27,000 to 16,500 kilotons of CO2 equivalents. For direct emissions in production (Scope 1) and for energy sourced (Scope 2), LANXESS had already set a target of becoming climate-neutral by 2040 three years ago.

LANXESS’ climate targets are in line with the Paris Climate Agreement. This has now been approved by the renowned Science Based Targets initiative (SBTi). The joint initiative of climate protection organization CDP, UN Global Compact, World Resources Institute and World Wide Fund for Nature has validated the Group’s targets for reducing its emissions and approved that LANXESS is helping to limit global warming to a maximum of 1.5 degrees Celsius. This temperature is generally considered to be the threshold for preventing a climate catastrophe.

“To stop climate change, our societies must transform to climate neutrality. We want to do our part. Our goal of becoming climate neutral in direct emissions and energy sourced by 2040 is already very ambitious. With the additional targets for our scope 3 emissions, we are taking the next step together with our suppliers and customers,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.

“The approval of our commitment by SBTi shows that we are on the right responsible path,” added Zachert.

“Today, LANXESS joins the growing list of companies with science-based targets consistent with limiting global warming to 1.5°C,” said Luiz Amaral, Chief Executive Officer of the Science Based Targets Initiative.

“We now need more corporate actors to set ambitious targets like LANXESS,” added Amaral.

To achieve its Scope 3 targets, LANXESS has launched the Net Zero Value Chain Program. This strategy toward climate neutrality along the entire value chain is based on three pillars: Sustainable raw materials, Green logistics and Climate-neutral products.

“With the Net Zero Value Chain Program, we are continuing to drive forward the transformation of our product portfolio toward climate neutrality. In this way, we are also supporting our customers, who are increasingly looking for sustainable solutions,” said Zachert.