Specialty chemicals company Lanxess reportedly aims to make its upstream and downstream supply chains climate-neutral by 2050. This includes indirect emissions, particularly from purchased raw materials, and from logistics and end products. By 2030, scope 3 emissions are to be reduced by 40% compared with the base year 2015, from 27,000 to 16,500 kilotons of CO2 equivalents, according to the company. For direct emissions in production (scope 1) and for energy sourced (scope 2), Lanxess says it had already set a target of becoming climate-neutral by 2040 three years ago.
Lanxess’ climate targets reportedly are in line with the Paris Climate Agreement. This has now been approved by the Science Based Targets initiative (SBTi), according to the company. 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, according to the company. This temperature reportedly is generally considered to be the threshold for preventing a climate catastrophe.
“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. With the additional targets for our scope 3 emissions, we are taking the next step together with our suppliers and customers,” says Matthias Zachert, chairman of the board of management of Lanxess AG, in a press release from the company. “The approval of our commitment by SBTi shows that we are on the right responsible path.”
To achieve its scope 3 targets, Lanxess launches 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 and climate-neutral products.
Read the press release at: www.lanxess.com
