In the latest assessment by the renowned climate protection initiative CDP, the specialty chemicals company LANXESS Group has made it into the “Climate A List” as one of 200 companies worldwide for the 5th time.

This puts LANXESS among the top 2 percent of the more than 12,000 companies assessed by CDP.  The “A” rating is awarded to companies that report particularly transparently and comprehensively on their climate protection activities and also implement corresponding projects. The Group has been disclosing climate protection-related data to CDP since 2012.

“Climate protection is a central part of the corporate strategy at LANXESS. This is reflected in our ambitious goal of becoming climate neutral by 2040. The CDP award underlines our ambitions in this field,” said Hubert Fink, member of the Board of Management of LANXESS AG.

In addition, LANXESS received an B rating in the area of water management. Last year, the company set dedicated targets for sustainable water management and launched projects at the four sites in the areas with the highest water stress to strengthen sustainable water management locally.

The renewed inclusion in CDP’s “Climate A List” follows several positive assessments in sustainability ratings this year. In November, LANXESS was once again included in the Dow Jones Sustainability Indexes (DJSI) World and Europe. As of last year, the specialty chemicals company leads the DJSI Europe in the “Chemicals” category and came second in the DJSI World.

In June, the specialty chemicals company also improved its rating in the MSCI ESG sustainability index from A to AA. The key factors here were the company’s improved water management, its good climate strategy and its commitment to chemical safety.

LANXESS also improved its EcoVadis sustainability rating to platinum level. The award is given to the top 1 percent of the 75,000 companies analyzed by EcoVadis. The driver for the higher rating was the improvement in environmental factors.