Specialty chemicals company LANXESS is taking the next step in climate protection and has set a target for its scope 3 emissions: The Group aims to make its upstream and downstream supply chains climate-neutral by 2050. This 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). The joint initiative of climate protection organization CDP, UN Global Compact, World Resources Institute and World Wide Fund for Nature has validated the Group's targets for reducing its emissions and approved that LANXESS is helping to limit global warming to a maximum of 1.5 degrees Celsius. This temperature is generally considered to be the threshold for preventing a climate catastrophe.