openPR Logo
Press release

LANXESS raises sustainability profile

07-21-2011 08:11 AM CET | Energy & Environment

Press release from: LANXESS

Group joins UN Global Compact initiative
• Program to lower energy consumption

Singapore – Specialty chemicals company LANXESS is raising its sustainability profile and joining the world's biggest and most rapidly growing initiative for corporate social responsibility (CSR), the United Nations Global Compact.

“We are delighted to now belong to the group of signatories that are promoting the sustainability of the global economy through their entrepreneurial responsibility,” said Axel C. Heitmann, Chairman of the Board of Management of LANXESS AG.

The Global Compact initiative was launched in 2000 by the then UN Secretary-General Kofi Annan. With its established principles in the areas of human rights, labor standards, environmental protection and anti-corruption, the pact now numbers more than 8,000 participants from over 135 nations. More than 150 German companies, including 20 DAX companies and numerous small to mid-sized businesses, are members of this global CSR initiative.

Heitmann stated that LANXESS has set itself clear targets in climate protection, among other areas. Between 2007 and 2009, the specialty chemicals company cut its direct greenhouse gas emissions by more than 50 percent worldwide. LANXESS also achieved its climate target for Germany ahead of schedule. The set target of an 80 percent reduction in greenhouse gas emissions compared to 2007 levels, initially to be met by 2012, was actually achieved in 2009.

Now the company is going a step further. It aims to deliver a 10 percent reduction in specific CO2 emissions and specific energy consumption for each business segment by 2015. Moreover, emissions of volatile organic compounds (VOCs) are also to be cut by 30 percent worldwide by 2015. "These measures will help us remain competitive in the global market in the long term," added Heitmann.

These sustainability initiatives have also led to good rankings in the Corporate Responsibility Rating. The renowned Munich-based agency oekom research recently raised LANXESS's Corporate Responsibility Rating to C+. This improved level applies to both the "social" and "environmental" areas.

LANXESS recently also met the criteria for inclusion in the FTSE4Good Index. The index lists companies that have performed particularly well in the areas of environmental protection, human rights and social standards. The FTSE4Good Index was created in 2001 by the Financial Times and the London Stock Exchange. It provides investors around the world with a basis for evaluating companies with regard to their management responsibility, and is thus a criterion for decisions about sustainable investment. Companies listed in FTSE4Good must meet stringent ethical, social and ecological criteria. Among these criteria are sustainable environmental management, positive dialogue with stakeholder groups, and observation of and support for universal human rights.

For more information about LANXESS' Corporate Responsibility initiatives please go to:

LANXESS is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 15,500 employees in 30 countries. The company is at present represented at 46 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

Singapore, July 20, 2011

LANXESS is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 15,500 employees in 30 countries. The company is at present represented at 46 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

Neethiya Sadagopal
Manager, Corporate Communications
Corporate Communications
3A International Business Park
#07-10/18 ICON@IBP Tower B
Singapore 609935
Tel:      (65) 6725 5888
Direct: (65) 6725 5839
Fax:    (65) 6725 4839

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release LANXESS raises sustainability profile here

News-ID: 184192 • Views: 1555

More Releases from LANXESS

LANXESS on expansion course in India
• Groundbreaking for high-tech plastics facilities • Initial capacity of 20,000 metric tons per year • Start-up at the beginning of 2012 • 60 new jobs created • Official start of LANXESS’ Year of High-Tech Plastics • Further investments in Jhagadia being considered Singapore, 13 January 2011 – LANXESS is continuing the expansion of its Indian production site in Jhagadia, Gujarat state. The specialty chemicals group broke ground for new compounding facilities with an initial capacity
LANXESS makes first acquisition in Argentina
•Subsidiary Rhein Chemie to become one of the leading release agent providers worldwide •Access to tire bladder technology •Further investments planned in BRIC nations •Mobility mega-trend underpinning demand for tires Singapore – LANXESS is expanding its activities in Latin America with its first acquisition in Argentina. The specialty chemicals company’s wholly-owned subsidiary Rhein Chemie has acquired Darmex S.A. - a leading manufacturer of release agents and curing bladders for the tire industry. As a result

More Releases for Corporate

Expansion of Corporate Practice
Fotis International Law Firm (We, the Firm) remains to be one of the renowned legal services provider in the Middle East with a diverse team of lawyers and legal consultants. We are not glad to announce the appointment of Ms. Emma Baker and Mr. Ahmed Tariq to our Corporate Practice and Arbitration Practice, respectively. They bring about substantial knowledge and expertise to the Firm's operations in the United Arab Emirates
Virus Free Corporate Training
Interaction for learning is critical but our customers are slowly starting to realise that this doesn’t necessarily need to take place face to face. Virtual instructor led training (VILT) makes learning more accessible by removing geographical barriers. It helps improve user product adoption, knowledge and career development and eliminates the need for costly and time-consuming travel. Still, there’s often a misconception that in person training is the only type of
Corporate LMS Market: Education Expands Corporate Offerings
LMS are software applications that are used to plan, deliver, and manage learning process. They use web-based technology to manage, administer, track, and report on the delivery of content, and evaluate the performance of participants. A large number of corporates are widely adopting these solutions due to the substantial cost benefits and proven results of increased efficiency and productivity of employees. These benefits have propelled companies worldwide to completely replace
fluidOps launches Corporate Blog
3 August 2016. Walldorf − fluid Operations™ AG (fluidOps), a leader in semantic technologies, today launched its corporate blog and extends its information offering. In future, fluidOps customers, partners, community members and prospects are able to access product innovations and features by using a central information platform under By bundling knowledge and building synergies, the user directly benefits from embedded links to the product help and to product videos
Corporate Relocation Press Release
KOLLAR & ASSOCIATES INC. is pleased to announce that we have relocated to THE TORONTO STAR BUILDING, at 1 Yonge Street, Suite 1801, Toronto, Ontario, Canada, M5E 1W7. Please be advised that since June 30, 2013, we no longer act in the capacity of an Independent Contactor to the Law Offices of Susan Jane von Achten of S. J. von Achten Corporation (trading as Equity Court Law Chambers), located at
Young, dynamic and highly successful Shane founded his own business, Executive Fitness Management at age 20 in 1991. After a successful career in football that took him as high as playing for Essendon, Shane appreciated the need to have more than just sport in his portfolio. However taking his on field attitude to the corporate arena, Executive Fitness Management (EFM) grew into Australia’s largest Corporate Fitness Company. It started with