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European Climate Pact

Overview

Location

Germany

Sector

Chemicals

Organisation type
Business

Company Information

LANXESS is a leading specialty chemicals company whose core business is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. Lanxess is based in Cologne, Germany and reported sales of 7.6 billion Euro in 2021. The company currently has about 14,900 employees in 33 countries.

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • LANXESS AG has a target to reduce absolute scopes 1 and 2 CO2e emissions 49% by 2030 from a base year of 2018. This is a year-on-year reduction rate of 4.1% over the next 9 years

Pledge: Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum

MRV: Pact MRV in place

Status date: Submitted (21/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (21/07/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • Have a target to improve energy efficiency

MRV: Pact MRV in place

Status date: Submitted (21/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • LANXESS AG have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (21/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (21/07/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings

MRV: Pact MRV in place

Status date: Submitted (21/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

North Star

  • LANXESS AG has a supplier engagement target to get 5.0% of its suppliers by procurement spend to set a science-based emission reduction target

Pledge: Have a supplier engagement target in order to reduce scope 3 GHG emissions, to get a share of our suppliers by procurement spend set science-based GHG emissions reduction targets in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (21/07/2022)

Data source: CDP Climate Change 202

How we want to achieve this – our roadmap

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues

MRV: Pact MRV in place

Status date: Submitted (21/07/2022)

Data source: CDP Climate Change 202