LANXESS Aims for Climate Neutrality by Reduction of Scope 3 Emissions Until 2050
Lanxess aims to make its upstream and downstream supply chains climate-neutral by 2050. It includes indirect emissions, particularly from purchased raw materials, but also from logistics and end products. By 2030, scope 3 emissions are to be reduced by 40 percent compared with the base year 2015, from 27,000 to 16,500 kilotons of CO2 equivalents.
For direct emissions in production (scope 1) and for energy sourced (scope 2), LANXESS had already set a target of becoming climate-neutral by 2040 three years ago. LANXESS’ climate targets are in line with the Paris Climate Agreement. This has now been approved by the renowned Science Based Targets initiative (SBTi).
To achieve its scope 3 targets, LANXESS has launched the Net Zero Value Chain Program. This strategy toward climate neutrality along the entire value chain is based on three pillars: Sustainable raw materials, Green logistics, Climate-neutral products.
“To stop climate change, our societies must transform to climate neutrality. We want to do our part. Our goal of becoming climate neutral in direct emissions and energy sourced by 2040 is already very ambitious,” said Matthias Zachert, chairman of the board of management of LANXESS AG.