How we measure sustainability
In order to effectively manage sustainability and successfully implement our sustainability strategy, we define targets and key indicators. We are also developing tools to measure our progress and to help us align our business in a sustainable and future-proof way.
But we are not the only ones who evaluate our sustainability performance. Rating agencies also analyze and assess our success. We use their results in order to continuously develop and improve further.
Goals and key indicators
In our sustainability strategy, we have defined three far-reaching goals:
- In 2030, we will achieve human progress for more than one billion people through sustainable science and technology.
- By 2030, we will integrate sustainability into all our value chains.
- By 2040, we will achieve climate neutrality and reduce our resource consumption.
In 2021, we defined various strategic key indicators in order to record and measure progress made towards our three sustainability goals. More information on our sustainability-related key indicators can be found in our Sustainability Report.
We also collect other key figures that cover a wide range of environmental, social and economic aspects. We communicate these key figures annually in the Facts & Figures chapter of our Sustainability Report.
As of fiscal 2022, the compensation of our Executive Board includes a sustainability factor. Details on how this sustainability factor is calculated can be found in the Compensation Report.
We develop methods and tools to evaluate our products and initiatives with regard to sustainability aspects with a focus on how our technologies and applications impact society, the environment and our business.
Through the Sustainable Business Value method, which we developed, we can calculate and evaluate the positive and negative impacts of our products, technologies and business activities on society. In doing so, we include the entire value chain. This knowledge and data help us drive sustainability across our business operations and position ourselves for future success.
Sustainable product development and research is the focus of our tools GreenSpeed, DOZN™ and Umbrella.
With GreenSpeed we evaluate the sustainability of our chemical products during manufacturing. It records sustainability key figures such as water intensity, solvent intensity, energy consumption, CO2 emissions and others.
Our award-winning web-based tool DOZN™ enables us to evaluate how our products are performing in three categories, namely “improving resource use”, “more efficient use of energy”, and “minimizing human and environmental hazards”. DOZN™ is an industry-first quantitative green chemistry evaluation tool. Available in a customer-facing version since 2019.
In order to make the R&D contribution to sustainability more aligned and transparent, we implemented the Umbrella project. This project enables the coordination and the enhancements of the sustainability scorecards that have been implemented in all business sectors. These scorecards are tailored to the sectors and contain questions that address social and environmental criteria along the value chain.
The business sectors' sustainability scorecards were mapped against our global sustainability strategy goals, and common core criteria were defined. The results of these common core sustainability criteria are consolidated from the scorecards and visualized in one Corporate Dashboard.
Indices and ratings
We are not the only ones evaluating our non-financial performance. It is also assessed externally by investors and customers who use this information as a basis for their decisions.
The following overview shows selected assessments that we have received.
ESG Rating from MSCI1View website
ESG Rating from MSCI1
In 2022, we again received a rating of “AAA” (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment.
STOXX® Global ESG Leaders IndexView website
STOXX® Global ESG Leaders Index
Ethibel Sustainability IndexView website
Ethibel Sustainability Index
Access to Medicine IndexView website
Access to Medicine Index
In 2022, our company came in fifth place in the Access to Medicine Index. This index assesses 20 pharmaceutical companies with respect to their efforts to improve access to medicine in developing countries. It is published every two years by the Access to Medicine Foundation.
In the CDP Climate (formerly the Carbon Disclosure Project) we scored a B in 2022. In addition to reporting on our climate action, since 2016 we have been reporting our water-related performance and processes to the CDP. In 2021, we received an B for our water management practice.
The independent rating agency EcoVadis assesses suppliers from 160 countries across the categories of environment, labor and human rights, ethics, and sustainable procurement. In 2023 we were awarded the Gold recognition level and were thus among the top 5% of all participating companies.
ESG company ratingView website
ESG company rating
In 2022, the Institutional Shareholder Services (ISS) group of companies again granted us Prime Status as in 2019.
In 2022, we received an ESG risk rating of 19.8 and were assessed by Sustainalytics to be at low risk of experiencing material financial impacts from ESG factors.
Curious to learn more?
Our impactThe United Nations defined 17 global goals for sustainable development. We too are doing our part to support.Find out more
Responsible supply chainWhen procuring raw materials, products and services from all over the world, we pay attention to quality, prices and compliance with ethical and legal standards.Find out more
Protecting environmentBecause it’s up to all of us to protect the climate and the environment, we are working to lower our emissions and manage natural resources responsibly.Find out more
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