2022-01-24

LANXESS wins multiple awards in ESG and innovation

  • Environmental Responsibility Excellence Award 2021 by Jiemian
  • Model Corporate Citizen in China’s Petrochemical Industry 2021 by China Chemical Industry News
  • 2021 Award for Innovation in Social Governance by Shanghai Daily
LANXESS won the “2021 Environmental Responsibility Excellence Award” of Jiemian

Shanghai, January 24, 2022 - Specialty chemicals company LANXESS has recently won a series of awards in the fields of Environmental, Social, and Governance (ESG) and innovation. On December 15, 2021, the company received the Environmental Responsibility Excellence Award 2021 at the ESG Leaders 60 2021 event sponsored by Jiemian of Shanghai United Media Group. Secondly, it was awarded Model Corporate Citizen in China’s Petrochemical Industry 2021 by China Chemical Industry News on January 9, 2022, marking the fifth time of receiving this honor. Finally, Shanghai Daily presented the 2021 Award for Innovation in Social Governance to LANXESS on January 19, 2022.

 

“Sustainability has always been firmly rooted in our corporate strategy. These awards affirm LANXESS’ efforts in the fields of environment, social responsibility and innovation. We hope to contribute to the high quality development of the industry by continuously improving our performance in these areas,” Ming Cheng Chien, President of LANXESS Asia-Pacific Region, said.

 

Promoting sustainable development based on ESG indicators

The 2021 Environmental Responsibility Excellence Award of Jiemian recognizes LANXESS’ contributions to ESG globally. In 2019, the company formally set an active climate protection goal of achieving climate neutrality by 2040, becoming one of the first chemical companies in the world to do so. Pursuing this goal, LANXESS has made clear plans of action, involving implementing projects for deep cuts of emissions, promoting the decoupling of economic growth and carbon emissions, and boosting technology and process innovation.

 

Under these plans of action, LANXESS will significantly reduce its emissions and neutralize the remaining emissions through offsetting measures. Moreover, the specialty chemicals company also committed to reducing water withdrawals by 15 percent from its production sites which located in the area of the water shortage by 2023. LANXESS scored particularly well in MSCI, CDP and Dow Jones Sustainability Index (DJSI) in the areas of environmental management, corporate governance and business ethics as well as eco-efficiency. These achievement are based on the climate strategy, the well-formulated principles of corporate governance and the robust efforts in the field of safety.

 

Contributing to Shanghai becoming a science and technology innovation center

The 2021 Award for Innovation in Social Governance by Shanghai Daily recognizes LANXESS’ Asia Pacific Application Development Center (AADC) project.

 

In March 2020, LANXESS announced that the AADC will be located at Shanghai Chemical Industry Park (SCIP), providing innovative solutions to China and Asia. During construction, the project was challenged by the COVID-19 pandemic and an extremely long rainy season. In close cooperation with SCIP, LANXESS overcame all challenges and the AADC opened its doors on June 18, 2021. As the first project to start operations at INNOGREEN Shanghai International Chemical New Materials Innovation Center, the AADC is contributing to Shanghai’s goal of becoming a science and technology innovation center with global influence.

 

“Good for business - good for society”

Due to its active fulfillment of corporate social responsibility, LANXESS was recognized as Model Corporate Citizen in China’s Petrochemical Industry 2021 by China Chemical Industry News for the fifth time.

 

The company’s activities include various projects. At the beginning of the COVID-19 outbreak, for example, LANXESS mobilized global resources to donate 1 ton of Rely+On Virkon concentrate to hospitals in Wuhan and surrounding cities.

 

Moreover, LANXESS has held since 2012 a total of 16 Open to Public Day events at its production sites in China, sharing environmental protection and safety knowledge with nearly 3,200 residents, teachers and students, professionals, volunteers and media representatives.

 

Over the past ten years, LANXESS also launched a number of education initiatives for students of primary and middle schools and universities in China, including scholarships, chemical kits donations, the LANXESS-PASCH dream career program, and the Clean Water for Better Life University Students Research Competition. This competition has been held since 2015 for seven consecutive years, with nearly 1,000 students from 62 universities in 24 provinces, cities and autonomous regions submitting 270 projects.

About LANXESS

LANXESS is a leading specialty chemicals company with sales of EUR 6.1 billion in 2020. The company currently has about 14,900 employees in 33 countries. 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.

 

LANXESS China

On January 31, 2005, the company was initially listed on the Frankfurt Stock Exchange and LANXESS Chemical (China) Co., Ltd. officially started operations. LANXESS now has 13 subsidiaries, 6 R&D centers and 7 production sites with around 1,200 employees in Greater China. LANXESS works closely with its local partners to develop market-oriented solutions that meet local market needs.

 

Forward-Looking Statements

This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors, nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.

Information for editors:

All LANXESS news releases and accompanying photo, video and audio materials can be found at www.lanxess.cn, www.weibo.com/lanxess, or LANXESS' official WeChat account: LANXESS_china

Contact

Yu Fiona

Yu Fiona
Corporate Communications

Phone: +86 21 6109 6666

Fax: +86 21 6109 6717

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