Lanxess AG

Common Name
Lanxess
Country
Germany
Sector
Basic Materials
Industry
Specialty Chemicals
Employees
12,338
Ticker
LXS
Exchange
XETRA
Description
Lanxess AG is a prominent specialty chemicals company integral to various industries around the globe. The core purpose of Lanxess AG is to develop, manufacture, and market a wide array of chemical in...

Lanxess's Climate Target Data Preview

As of 2023, Lanxess has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Lanxess ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2025
Absolute-based Target
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Lanxess's Greenhouse Gas Emissions Pathways

As of 2023, Lanxess has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.

Does Lanxess have a target to reduce the emissions from its operations?

As of 2023, Lanxess has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Lanxess's most ambitious operational target is to reduce these emissions by 80% by 2030, compared to a baseline of 6,500,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2004.

As of 2023, Lanxess is ahead of schedule on its operational emissions reduction target, having achieved 91.88% of the planned reduction.

Lanxess's Operational (Scope 1+2) Emissions Pathway

200420232025203002 M4 M6 M8 MBaselineCurrent (-73%)

Does Lanxess have a target to reduce the emissions from its value chain?

As of 2023, Lanxess has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

Lanxess's most ambitious value chain target is to reduce these emissions by 60% by 2030, compared to a baseline of 27,000,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2015.

Lanxess has already surpassed its value chain emissions reduction target, with 2023 levels falling below the 2030 value, achieving its climate goal ahead of schedule.

Lanxess's Value Chain (Scope 3) Emissions Pathway

20152023203007 M14 M21 M28 MBaselineCurrent (-65%)
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