Hi Gujarat
Menu
  • Home
  • Business
  • Lifestyle
  • Health
  • Education
  • National
  • PR
Menu

LANXESS again with leading positions in Dow Jones Sustainability Indices

Posted on November 22, 2021 by Hi Gujarat Webdesk

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.

Leave a Reply Cancel reply

Your email address will not be published.

Recent Posts

  • Indong Tea Company Ltd’s Rs. 13 crore public issue on BSE SME platform opens for subscription on February 9
  • ADN Broadband aims to become a pan-India ISP provider
  • Digital marketing is no more an option for businesses but a must: Saurabh V Gosain, Founder of Excel Range Media
  • Producer Shamim Akhtar and director Sanjiv Trigunayat’s Hindi film Red Punch first look launched in PVR
  • First poster of LaVaste Out: Omkar Kapoor Seen in a Compelling Role

Recent Comments

  • WillieCog on Nesa Medtech pioneers a scar-less solution for uterine fibroids
  • Yjpdzh on Conspiracy to change the name of the film Bikroo Kanpur gangster to Encounter Dubey, Conference held to address the fraud convicted
  • Davidreupt on Travel to Off-The-Beat Destinations – featuring some of the most outré destinations of India
  • WillieCog on Foodizo announces to expand their platform in major cities
  • Wuzxyh on Come explore global business opportunities at the Grand 3D Event ‘Global Buyer Seller Meet’ organised by Being Exporter

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020

Categories

  • A
  • Business
  • Design
  • Education
  • English
  • Entertainment
  • Health
  • Hindi
  • Lifestyle
  • National
  • Press Release
  • Sports
  • Technology
  • Uncategorized
  • World
  • एजुकेशन
  • गुजरात
  • नेशनल
  • बिज़नस
  • लाइफस्टाइल
  • हेल्थ

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
©2023 Hi Gujarat | WordPress Theme by Superbthemes.com