Lanxess

Diversified Chemicals
LXS.DE
€ 37 (1.8)%
Share price
$ 3.4 bn
Market Cap
$ 7.5 bn
Enterprise Value

Carbon footprint

343 Ton
GHG emissions per $ 1 mln investment
9.2x the weighted average for S&P 500
FY2021
How is this calculated?
+2.3%
YOY change in GHG emissions
Weaker than the +4.2% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-2%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Lanxess aims to reduce Scope 1 + 2 by 25% by 2025 from a base year 2018


This target has not been verified as science based according to SBTi
Lanxess's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Lanxess's GHG emissions (market-based) (Kt of CO2e)
Lanxess's Carbon intensity (Tons per 1 USDm)

Lanxess's carbon footprint

Lanxess reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 2,591 Kt (+58/+2.3% y-o-y). Carbon intensity also .

Lanxess's Scope 3 emissions was up at 16,876 Kt (+2,377/+16% y-o-y). The performance has been erratic recently.

The company is committed to reducing Scope 1 + 2 by 25% by 2025 from a base year 2018, which translates into the estimated reduction of -52 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Lanxess also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. LANXESS AG commits to reduce absolute scope 1 and 2 GHG emissions 41.6% by 2030 from a 2021 base year.* LANXESS AG commits to reduce absolute scope 3 GHG emissions 11.1% by 2030 from a 2021 base year. *The target boundary includes land-related emissions and removals from bioenergy feedstocks.

Company environmental metrics

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