Industrial Automation Magazine India

LANXESS joins World Business Council for Sustainable Development

Published on : Tuesday 21-01-2020

In the last few months, LANXESS has focused its business activities even more on sustainability.

 

Cologne – LANXESS has enhanced its commitment to sustainability. The speciality chemicals company joined the World Business Council for Sustainable Development (WBCSD) on January 1, 2020.

 

The WBCSD is a global, CEO-led organisation working together to accelerate the transition to a sustainable world. At the core of the network are its six work programs, for example on climate and energy or circular economy, targeting the realisation of the United Nation’s Sustainable Development Goals (SDGs). The WBCSD’s approximately 200 member companies represent 19 million employees and USD 8.5 trillion in sales.

 

LANXESS CEO Matthias Zachert: “Sustainability bolsters our business objectives in many different ways – whether by ensuring greater resource efficiency, good relationships with our stakeholders, greater risk awareness or long-time beneficial cost structures. I am delighted to have joined the World Business Council for Sustainable Development where, together with other member companies, we will be able to make a business case for sustainability.”

 

Peter Bakker, President and CEO of the WBCSD: “WBCSD is pleased to welcome LANXESS as our newest member. We are dedicated to working towards a transformation of the key systems across society, and LANXESS – as a provider of sustainable solutions for a wide range of areas – will strengthen the collaboration we aim for and help accelerate the transition to a sustainable world.”

 

In the last few months, LANXESS has focused its business activities even more on sustainability. The specialty chemicals company announced in November 2019 that it will become climate neutral by 2040. In December, LANXESS linked the interest rate terms of its main revolving credit facility to sustainability criteria.

 

LANXESS is a leading specialty chemicals company with sales of EUR 7.2 billion in 2018. The company currently has about 15,500 employees in 33 countries and is represented at 57 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.