Lanxess AG 2023 AR2
The report highlights LANXESS's performance in fiscal year 2023, a challenging year marked by weak demand and high energy costs. To address these challenges, the company initiated the "FORWARD!" action plan to achieve significant cost savings and structural adjustments. A major milestone was the formation of Envalior, a joint venture with Advent International, to which LANXESS contributed its High Performance Materials business unit. On the sustainability front, the company updated its climate pathway to align with the 1.5-degree target, verified by the Science Based Targets initiative (SBTi), aiming for climate neutrality in Scope 1 and 2 emissions by 2040 and Scope 3 by 2050.
Company: Lanxess AG
Sector: Manufacturing
Country: Germany
Year: 2023
Type: AR2
Pages: 271
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Lanxess AG
Annual Report
The report highlights LANXESS's performance in fiscal year 2023, a challenging year marked by weak demand and high energy costs. To address these challenges, the company initiated the "FORWARD!" action plan to achieve significant cost savings and structural adjustments. A major milestone was the formation of Envalior, a joint venture with Advent International, to which LANXESS contributed its High Performance Materials business unit. On the sustainability front, the company updated its climate pathway to align with the 1.5-degree target, verified by the Science Based Targets initiative (SBTi), aiming for climate neutrality in Scope 1 and 2 emissions by 2040 and Scope 3 by 2050.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees