Category: Business

December 21: Second to China, India has the biggest collective repository of gold, with Indians owning a mammoth 26,000 tons of gold worth $1000 billion. We store gold not just as a symbol of legacy that’s passed on from one generation to another but also as a trusted, stable, and resilient asset which will always be able to bail us out during a rainy day. It is a key asset which the average Indian looks at in the face of financial distress or for raising capital.

At this moment of truth, getting the full value of your old gold becomes extremely important. But going to your jeweller with an intent to encash your old gold is not going to get you the full value of your gold as the jeweller’s first instinct will always be to exchange your old gold jewellery for new jewellery and make a killing with inflated making charges. At the same time, the sundry fly by night operators erode the value of your old gold jewellery by up to 10% on each transaction; some via an unscientific testing process like a touchstone, and rest through multiple hidden charges. To put it in context, for a transaction that ideally should help you raise Rs 500,000 by selling old gold jewellery, you can lose up to Rs 50,000 to unscrupulous, unregulated players in the market. It is important to trust a brand that has the right institutional accreditations and govt authorization.

Here’s a guide for you to help you extract the full value for your old gold jewellery and get the highest value for your investment.:

1. Don’t be misled by Gold Rate

A lot of gold buying establishments try to attract people by suggesting higher than market gold rates, but where the customer loses out is the valuation of the gold, i.e. how much gold content your jewellery actually has. This process gets compromised by archaic processes like a touchstone or by machines that are not calibrated to the fullest extent. At MMTC-PAMP, the purity of your gold is checked and verified by highly skilled staff working with the most advanced XRF technology, which helps you evaluate the full gold content without losing any value. 

2. Multi-level authentication process

Stores using the touchstone method rub the gold ornament with a stone that leaves a mark/ streak on the stone, and then the gold streak is treated with acids of known strength to observe the change in colour to arrive at a gold value (karatage) of the ornament. This is a dated practice and can result in a loss of value of up to 3%-5% for the customer. For example, you can lose up to Rs 10,000 for a transaction of Rs 200,000.

Reputed and BIS certified organisations like MMTC-PAMP have certified engineers and assayers deployed in their stores who help customers test their jewellery’s purity via highly calibrated XRF machines, which ensures that there is no variability and subjectivity in measuring the value of gold. This helps customers get higher payouts on account of unlocking higher gold value in their jewellery.

3. Transparent Process

A lot of gold buyers will try to do the evaluation behind the counter, and the result they will arrive at via touchstone or any local machine will never be directly visible to you. At MMTC-PAMP, the testing process is visible to the customer via live CCTV feed to ensure complete transparency. The certified assayers weigh your gold jewellery or gold coins in their original form and then weigh again after melting – all tracked live by the customers. Once the gold is melted and cooled, the next level involves cleaning by pickling and then rinsing again in deionized water. If the gold has any stones or precious gems, it is removed before the start of the process.

4. Software-verified proof and instant money transfer

At MMTC-PAMP, the final software-generated verification receipt from the XRF machine has all the important details – right from the purity grade and actual content of gold to the final amount payable to the customer. This amount is then instantly transferred to the customer’s bank account, so there’s no room for any hidden fee or fund mismanagement.

5. Full valuation of MMTC-PAMP products

MMTC-PAMP offers 100% assured buyback for their own products. If your MMTC-PAMP gold coin or bar is encased in the secure, tamper-proof certicard packaging, you can take it to the brand’s retail outlet to get full value on the day’s gold rate without any value deduction. You just have to pay a flat fee of up to Rs 500 for the transaction as a processing fee. ZERO deduction on your gold investments! You can walk into any of the 12 MMTC-PAMP outlets spread across 11 cities in India to get a seamless experience. The retail outlets are present in Delhi, Mumbai, Bangalore, Chennai, Coimbatore, Hyderabad, Vizag, Vishakhapatnam, Ludhiana, Thrissur, and Ahmedabad.

Guwahati (Assam) [India], December 21: IVY Growth Associates, a company dedicated to the development of a startup ecosystem, hosted a pep talk to create opportunities and possibilities for startups and investors to collaborate in Northeast India.

Prateek Toshniwal, an investor, networker, financial advisor, and mentor, along with Sharad Todi, NBFC Owner, Startup Investor and Serial entrepreneur from IVY Growth Associates, visited Guwahati to organise the pep talk and interacted with investors and founders of various startups from Northeast India. The mission was to strengthen and activate the Northeast’s entrepreneurial and start-up communities.

IVY Growth Associates has aided, mentored, incubated, and accelerated early-stage start-ups. The company, which believes in creation, communication, and collaboration, serves as advisors to startups, providing them with rich experience learning with set achievable goals and assisting startups in finding the right set of investors from their angel network.

Prateek Toshniwal of IVY Growth Associates said, “In the last one month, IVY has grown its portfolio by 8 startups and are in the process of completing 4 mandates of fundraising for startups from Surat, Delhi and Bangalore i.e  Hobit, Zappfresh, Refrens, and Bebeburp. The gates at IVY are open for investors to become venture partners and for startups to pitch their ideas.”

The pep talk was attended by – Antariksh Baruah, Manusmita Rabha, Palash Jyoti Mahanta, Himadri Baruah, Pankhi Sarma, Plaban Sharma, Sahil Hussain, Udit Phukan, Diganta Kr Das, Mrinal Jyoti Hira, Sahil Shah, Kaushal Choudhury, Boudhayan Dutta, Sujoy Choudhury, Amit Bhattacharya, Rajib Ghosh, Gunajit Brahma, Prasurjya Talukdar, Sumit Das, Imran Hussain, Sahil Huda, Jigyan Deep Kalita, Rishab Jain, Luhit Parajuli, Abhishek Choudhury, Ratan Kumar, Abhilash, Nimisha Medhi, Aditya Tosniwal, Sandeep Lahoti, Sumouli Banik and Sharique Hussain. The pep talk was covered by Business Northeast and The Northeaster Chronicle!

According to Prateek Toshniwal, Northeast India is the next destination for startups, founders, angel investors, and entrepreneurship. The early-stage startup founders looking for an opportunity of getting funded and mentored can become a part of the most exclusive venture programme at IVY Growth Associates.

IVY Growth Associates main focus is on hand-holding, mentoring, culture development, acceptance of learning, providing knowledge and learning towards emerging technologies, development of new markets, and work towards sustainability and scalability.

December 21: A Jack of all trades is a master of none but sometimes better than a master of one. Dr. Bhaskar Swami is one such all-in-one man who is surprisingly the master of all he does. If you’re looking for a full-time Digital Business Consultant, a spiritual and meditation coach, and a founder of various platforms in and around business and technology, you can find it all in him.

He is often taken as a curious individual who has a deep passion for business and technology. Being a habitual knowledge seeker is something above being just a smart person. He is one of those who love knowing how things work. While in his spare time, he enjoys traveling, playing board games & learning multiple languages.

He has exceptional skills in AWS cloud consulting, strategizing for branding, overall technical documentation, influencer-level marketing services, and digital marketing. Bhaskar is now a Google Certified Digital Marketer and a Strategic Business Partner of Class plus, known for his contribution in molding 1 Lakh coaching institutes to grow their business through their apps.

As a Spiritual & Meditation Coach for Entrepreneurs & Students, he has paved the way for many towards the path of wisdom and eternal blissful life. Bhaskar has placed the foundation stone of Million Dollar Meditation Formula (MMDF) Inspired by Pitamah Brahmrishi Patriji as a stage to work on this noble cause. He’s an active International Member in ISKCON for Spirituality and Meditation. He is also an activist in Pyramid Spiritual Societies Movement (PSSM). Inspired by this Pyramid Spiritual Societies Movement, Dr. Bhaskar has launched an Application known as PSSM Digital. The app is for free meditation & healing solutions for humanity.

Dr. Bhaskar Swami is a well-known name in the technology sector. He continues to be highly updated and learned in tech and gives away this knowledge wherever he can. Handling the position as a technology advisor for Police Headquarters, Government of Rajasthan, National IT Head, Rural Journalist Association of India (RJAI) are a few of his numerous contributions.

Associating yourself with Supported as Binge Marketing & Subject Matter Expert @ Bada Business Pvt. Ltd. By Dr. Vivek Bindra Dr. Bhaskar Swami is the best you can ever do for Social Media Management in your business; he can upskill businesses efficiently. He has been giving services beyond expectation in Digital and Social Media Marketing, SEO, Web Designing, Content Marketing, and whatnot. His unique result-driven approach and business strategies are tailor-made for the target audience in the business world.

To excel in the competitive business landscape, brands need to work on their social media management strategy. If they’re incapable of maintaining such a strategy, even well-established brands lose their authority in due course. The execution of proven social and digital media strategies, like those offered by Dr. Bhaskar Swami, can make businesses and relevant entities pull off advantages of cooperation and collaboration. Dr. Bhaskar Swami-The master of Marketing, Tech and Spirituality.

December 21: Harpreet Singh Chadha is a leading entrepreneur who is doing wonders in his business and has taken his business to great heights because of his wisdom, ethics and high instincts. He was born on 11/09/1986 in Amritsar, Punjab. Following his academic pursuits, he completed his graduation from Middlesex University, with a degree in Business Administration from the year 2005-2008 and post-graduation from the University of Nottingham from the year 2008- 2009 and holds a degree in Finance and Investment.

HARPREET SINGH CHADHA first became the director of LAND CONSOLIDATOR AND DEVELOPERS PRIVATE LIMITED. Currently, he is holding active directorship in 19 companies by using spectacular leadership skills. At present, his most recent directorship is with HUMBLE IMMIGRATION PRIVATE LIMITED. A marvelous personality with a huge heart and down to Earth instincts, he is providing a large number of jobs to our country’s unemployed youth and giving his valuable contributions in our country’s economic sectors.

Under his leadership as a Managing Director– HUMBLE, BREWMASTERS and CLARKS INN, three well-renowned brands achieved distinctive performance by rendering quality services to the stakeholders. HI and Brewmasters are currently the best brands in Amritsar, rendering the best services to the customers. And this has been only possible because of Harpreet’s vision and foresight which eventually led to the creation of such an image among the stakeholders.

HI is a Government & ICCRC (Canada) Authorized Immigration Company and is the leading immigration consultancy which is the best canada Visa consultants in Amritsar managed by an efficient and effective team, under the direction of Mr. Harpreet Singh Chadha.

Federal Minister of Immigration designates ICCRC, Refugees and Citizenship. ICCRC- a national regulatory body began regulating immigration consultants in 2011 and citizenship consultants and international student advisors in 2015.

According to Canadian federal law, immigration consultants who provide their assistance for Canadian immigration or international student services for a fee need to be registered with the ICCRC and must be accredited as Regulated Canadian Immigration Consultants (RCICs) or Regulated International Student Immigration Advisors (RISIAs), respectively.

Established in 2010, with offices in India as well as Canada, the company has made a sparkling name for itself in the list of top service providers in India, helping you achieve your Academic Goals abroad. Its Corporate Identification Number is (CIN) U80900PB2020PTC050845, and its registration number is 50845. They are listed in Trade India’s list of verified companies offering a wide array of immigration services like IELTS training and IELTS coaching to students who wish to study abroad in Canada. Apart from that, they provide counseling to the students who wish to go to Canada for their higher studies or settling permanently in Canada. They are specialized in providing Canadian PR.

They are known for 100% success rates and ensure an error-free application process which will help you to get Canadian PR easily. If you are planning to move to Canada with a PR express entry visa, you can feel free to get in touch with them. They will be glad to serve you!

Their Consultation Service grants you the opportunity to get in touch with one of the best Immigration Consultants in the city, having profound and in-depth knowledge of the Visa Application Process.

It is classified as a Non-government Company and is registered by the Registrar of Companies, Chandigarh. It is a Private Co. incorporated on 21 February, 2020.

The company’s Annual General Meeting (AGM) was last held on July 2021.

Is your small or medium enterprise ready for the post-pandemic era? Uneecops provides a gamut of business automation products and services to help companies optimize organizational productivity and prepare for the future

December 21: Are you ready to function your business according to where you are today and where modernization takes you in the future? We understand that the COVID-19 pandemic took the world by storm. Businesses were hit, management collapsed, operations took a toll, employees were disturbed, and the demand-supply chain was completely disrupted.

After over 2 years of facing business challenges, one thing became clear – Only those who can convert the pandemic situation into an opportunity to transform witnessed business success.

Realizing the need for technological innovation to power business transformation, Uneecops Business Solutions (UBS) strengthened its mission. While we were always at the helm of ERP, digital, web and analytics solutions, the pandemic gave us another vision. We are more driven by a passion for bringing unprecedented growth to SMEs across the country. Being a CMMI Level 5 company with multiple ISO certifications and 50+ awards in various business categories, Uneecops strives to support small and medium businesses to grow exponentially.

Crisis Breeds Innovation

Ultimately, the business world is also about the ‘survival of the fittest. Since the pandemic, only those SMEs who are willing to adopt next-gen technologies can breakthrough. Today’s business models have evolved, and ERP is the name of the game for future-ready SMEs. Ideal for start-ups and small businesses, ERP technology, is the day-to-day business requirements of startups and mid-size enterprises. Uneecops offers innovative ERP products that are flexible, customizable and smart. We offer SAP Starter Package, SAP Business One and SAP Business By Design ERP that weaves all core functions in an end-to-end business suite. What’s more, we offer Tableau and Power BI – two data-intelligent BI tools used by businesses to make actionable decisions faster.

The Uneecops Edge

We help over 1800+ SMEs across 18+ industry verticals to do business more efficiently and profitably. Our customer base spans from the public to the private sector, and from startups to industrial and enterprise giants. We have been helping SMEs automate and accentuate their businesses in more than one way, including:

Introducing Cloud Automation

Since the pandemic, working models have changed and what matters today is the centralization of all business information. With contemporary, cloud-based ERP, security and resource planning gets real-time. You can get both – a birds-eye view and an in-detail view of your business – all at your fingertips. Uneecops offers cloud-based ERP for SMEs at affordable prices. It can be easily integrated with your business functions and strategy.

Revolutionizing SMEs With Mobile ERP

Today, SMEs are often faced with this question – To be a future-ready organization, which path to choose: migration or modernization? The Uneecops answer is – migrate to modern! This means bringing your business to your mobile. Uneecops’ services for SAP Mobile enable businesses to quickly and accurately perform tasks, respond dynamically to the needs of their clients and find the information they need from anywhere they are.

A Partner In Growth

For SMEs, spending on ERP or analytics tools is a potential investment. Also, it is not just about implementing digital products and services right. What matters is that you need a partner who can help you make informed decisions. Uneecops offers custom ERP software solutions to SMEs. We take the time to understand your unique business needs and then devise a digital ERP solution that can foster business growth. It does not end there. We offer complete support with SAP technology and other BI tools. With us, interpreting data and acting on it gets easier.

Uneecops is Asia’s #1 SAP BI partner and India’s first Platinum SAP BI partner. With over 10 years of data science experience, we have built time-tested methodologies that enable us to offer end-to-end Tableau implementations to SMEs. Being one of the reputed Tableau Silver partners in India, we serve over 120 clients such as Mother Dairy, Select CityWalk, Lenskart, Apollo Munich, Mankind Pharma, Uno Minda and DS Group, to name a few. We extend our services to many cities in the country, including Delhi NCR, Ahmedabad, Bangalore and Mumbai. We have also been awarded SAP awards for 10 consecutive years, SAP Business One Partner of the year APJ for three consecutive years (2018, 2019 & 2020) and have become the SAP No.1 MVAR for the Indian region. From our inception in 1995, we have grown into a conglomerate with 750+ experts across 9 centres of excellence. For more information, visit www.uneecops.com

Surat (Gujarat) [India], December 20: Three young entrepreneurs, Parth Kevadiya, Prem Bhoot, and Krish Desai, have realised their dream of launching Gujarat’s first non-fungible tokens (NFT) to capitalise on the frenzy surrounding such assets. Thanks to the Surat-based businessman and content creator, Kshitiz Adukia, who invested Rs 10 lakh in their startup company Bone Idle Ape Club (BIAC) to bring the NFT to Gujarat.

The trio founded BIAC with the goal of launching NFT in Gujarat. The concept was pitched to businessman Kshitiz Adukia, who readily agreed to invest Rs 10 lakh in the company in order to capitalise on the world’s ever-growing trend of NFTs.

Kshitiz Adukia, CEO of Tradizon, 29seconds with Kshitiz and EFC said, “NFTs have sparked a worldwide frenzy. Celebrities such as Elon Musk, Mark Zukerberg, and Amitabh Bachchan, as well as athletes, actors, and artists from around the world, are launching their own NFTs to capitalise on the frenzy. “I was ecstatic when three young entrepreneurs approached me and shared their startup idea, and I invested Rs 10 lakh.”Adukia added, “This will be the first NFT in Gujarat. I am pretty sure that these young entrepreneurs will perform exceedingly well and take the NFT to a different level in Gujarat.”

It is worth noting that Kshitiz Adukia, through his investment and consulting firm, is always willing to assist aspiring entrepreneurs with new ideas. Adukia, who has a master’s degree in management and digital marketing, has established his firm in over seven countries and has assisted over 150 budding entrepreneurs in realising their dreams with their new startup ideas.

Kshitiz Adukia’s Tradizon, a Startup consultancy, has become a leading company in western and northern India. He is also providing consultancy on export, branding, digital marketing, content creators, brand promotion, and delivering speeches. With Eight Figure Club (EFC), Adukia is assisting with portfolio management, stocks, and Forex trading.

New Delhi (India), December 20: Cosmetico Labs has launched India’s first ‘beauty incubator’ as well as specialised original brand manufacturer (OBM) services to incubate a new wave of consumer-first, innovation-led beauty brands.

Cosmetico Labs’ beauty incubator will primarily work with smaller, independent beauty founders in colour cosmetics, skincare, haircare, and fragrances, as well as incubate and grow larger, international brands.

Personal care brand takeovers are expected in India’s commerce sector in 2022, according to industry analysts. Whether it’s an Indie, luxury, or mass brand, there’s always room for expansion in the beauty industry. This expansion is highly detrimental to a targeted consumer’s ability to understand and empathize with the brand’s value and purpose.

While consumers began to adopt a more intuitive approach to product usage based on their needs, brands are now prioritising quality over quantity.

In this scenario, Beauty Incubators are transforming and reinventing brands. Incubators are defined as entities that help brands grow and add value. Incubation programmes seek to bring new, creator/celebrity-driven, digitally native brands to differentiate and market in a way that is appealing to the beauty audience.

As purpose-driven beauty brands have become the norm, so have companies that plan to build them. Cosmetico labs, a bespoke cosmetic laboratory and beauty incubator that aims to ideate, curate, and inspire product visions, is a new entrant in this space.

Cosmetico Labs provides turnkey, a la carte, and 360-degree services in all personal care categories, from conception to commercialization, with innovation as a top priority. Furthermore, they curate a diverse range of personal care products. To achieve their vision of creating high-quality products, they incorporate creativity and passion into every stage of the development process.

Speaking about their plans, Cosmetico Labs’ head of development stated, “We have been overwhelmed by the response for OBM that fills in the gap of innovation that is much needed for Indian brands.” Quality is now driving brands, and they are attempting to understand what customers want. We aim to incubate and accelerate brands that inspire individuals and communities through their product visions, with similar goals.”

December 20: Advertising and marketing are among the most important aspects of a business, and it is highly impossible for a business to survive without paying attention to advertising campaigns. Though some businesses rely on word-of-mouth marketing, it is indeed quite time-taking, and considering the fact that in the present times we have so many options of advertising which not only give good results but are cost-effective as well, it won’t be a smart move to wait for long to get the required result.

While some businesses have their own in-house advertising divisions, there are many companies that prefer to hire advertising agencies for devising and running marketing and promotional campaigns. The benefit of hiring an advertising agency is that they are well-aware of the new trends and also have more experience of advertising in comparison to the advertising division of a company as an ad agency caters to different types of clients, which helps them in becoming an expert of their field.

One advertising agency that has earned the reputation of being the best in the business is Mirchi Ad World. Though social media marketing has become quite popular in recent times, Mirchi Ad World has emerged as the most sought after name because of its wonderful outdoor advertising techniques and what makes it popular among the clients is the high rate of success of its campaigns.

Mirchi Ad World provides its clients with relevant advertising solutions for their products and also delivers brand positioning solutions as per the market requirement of a product.

In the times of the COVID-19 pandemic, Mirchi Ad World has come up with advertising solutions that not only serve the purpose of product promotions but also help people in following the safety protocol of maintaining social distancing even while sitting in an autorickshaw. Mirchi Ad World has come up with a unique and superb way of targeting the audience that travels by autorickshaw, and it is known as Auto Protector Ad. As the name suggests, it is a protective screen between the auto driver and the passengers, and it also serves as advertising space for the brands by which they can present their product to potential customers. There are many other ways which are used by Mirchi Ad World for outdoor advertising, such as Autorickshaw Hood branding, Store board branding, Tricycle branding, Pole branding, Billboards and Lollipop branding. Mirchi Ad World operates all over the country, and they have collaborated with auto associations all over the country in order to ensure that their clients can promote their products in whatever region they prefer.

The team at Mirchi Ad World is highly qualified and experienced, and they keep on coming up with new and well-defined ideas, concepts and digital strategies for their clients as per their needs and requirements.

Though Mirchi Ad World provides its clients with print and electronic advertising options, this is completely true that it is the one-stop solution for autorickshaw and outdoor branding. So if you are a businessman and want your product to get advertised at a giant level in an effective manner in order to increase your sales, you should not make any further delay to get in touch with Mirchi Ad World.

December 20: For Dr. Khizer Ahmed, life has always been about finding opportunities. In fact, he doesn’t view challenges as they are; he sees them as something he can take advantage of. A visionary since, as far as he can remember, Dr. Khizer Ahmed aims to revolutionize the tech industry, one innovation at a time.

The Founder & Director of Digifinite Solutions Pvt Ltd, an IT Company that focuses on developing Mobile Applications, Websites & Digital Marketing – is dedicated to creating products and services that cater to the problems of the regular man by saving time and cutting down costs, thereby taking every challenge head-on.

The path to entrepreneurship wasn’t always smooth for Dr. Khizer Ahmed. Born in Bengaluru, Dr. Khizer Ahmed stepped up as the stronghold in his life and nurtured the burgeoning passion inside. Without his Team support, Dr. Khizer believes, he would not be as successful as he is today.

Dr. Khizer Ahmed didn’t just want to be successful and financially independent – he aspired to create a legacy. He didn’t let anything hold him back from pursuing his dreams and invested his time and effort into web design and development, becoming a professional.

Everything came together when Dr. Khizer Ahmed was blessed with the opportunity to go to NIIT for his software engineering course. His strong Leadership skills got him this position. He also has a Doctorate in Information Technology.

In just a short period of time, Digifinite Solutions has left an undeniable footprint in the tech sector. This success doesn’t mean they didn’t struggle; there were multiple hiccups along the way that put a halt on whatever they had in mind.

However, not once did they let these trials make them reconsider their journey. The direction may have changed, but the end goal always remained them – to build something that would lead to a seismic effect in the industry.

At just 32 years old, Dr. Khizer Ahmed is a role model for every young individual who aspires to leave their mark on this world.

Dr. Khizer Ahmed also successfully launched Chatbaaz, early this year.

Currently, Dr. Khizer Ahmed & Team are working on a major matrimonial app by name ShubhVivaah which will launch in early 2022. Dr. Khizer is immersed in the ideas of sustainable fashion and sustainable innovation in the tech industry. He is also working on developments in the real estate industry.

On the other hand, Dr. Khizer Ahmed is also a firm believer in taking risks. Without taking a chance on an idea, he knows that you won’t know whether you succeed or not. Risk-taking is an attribute every successful entrepreneur must have; if you’re not born, then you need to teach it yourself.

Without taking the necessary risks involved in setting up a new business, Dr. Khizer would never be standing where he is today. He dreamt of an idea, he explored it, and he went for it head-on. And that is exactly why he’s someone the youth of today can look up to; the fearlessness and resilience he pursues every idea which is something that inspires every budding entrepreneur.

Website: https://www.digifinitesolutions.com / E-mail: director@digifinitesolutions.com

Instagram: khizerahmedofficial

Mumbai, December 18: Specialty chemicals company LANXESS has once again been recognized for its achievements in the fight against climate change. In the latest assessment by the renowned climate protection initiative CDP, the Group has made it into the “Climate A List” as one of 200 companies worldwide. This puts LANXESS among the top 2 per cent of the more than 12,000 companies assessed by CDP.

The “A” rating is awarded to companies that report particularly transparently and comprehensively on their climate protection activities and also implement corresponding projects. LANXESS is on the “Climate A List” for the fifth time this year. The Group has been disclosing climate protection-related data to CDP since 2012.

“Climate protection is a central part of the corporate strategy at LANXESS. This is reflected in our ambitious goal of becoming climate neutral by 2040. The CDP award underlines our ambitions in this field,” said Hubert Fink, member of the Board of Management of LANXESS AG.

In addition, LANXESS received an B rating in the area of water management. Last year, the company set dedicated targets for sustainable water management and launched projects at the four sites in the areas with the highest water stress to strengthen sustainable water management locally.

Repeatedly recognized

The renewed inclusion in CDP’s “Climate A List” follows several positive assessments in sustainability ratings this year. In November, LANXESS was once again included in the Dow Jones Sustainability Indexes (DJSI) World and Europe. Like last year, the specialty chemicals company leads the DJSI Europe in the “Chemicals” category and came second in the DJSI World.

In June, the specialty chemicals company also improved its rating in the MSCI ESG sustainability index from A to AA. The key factors here were the company’s improved water management, its good climate strategy and its commitment to chemical safety.

LANXESS also improved its EcoVadis sustainability rating to platinum level. The award is given to the top 1 per cent of the 75,000 companies analyzed by EcoVadis. The driver for the higher rating was the improvement in environmental factors.

CDP: Highest transparency on environmental data

CDP, an independent nonprofit organization, aims to create global transparency on greenhouse gas emissions and the management of water resources and forests. In 2021, more than 12,000 companies submitted their data. This makes the CDP data platform one of the world’s most comprehensive sources of environmentally relevant information. The project is currently supported by more than 590 investors worldwide, who manage a total of around 110 trillion US dollars in assets.