LANXESS is set to increase the proportion of women in management positions worldwide to 30%.
With the aim of further promoting gender diversity, LANXESS announced its intention to increase the proportion of women in management positions to 30% by 2030. At the end of 2020, around 23% of these positions were held by women.
“To move LANXESS forward, we need the best talents. We also know from our own experience that diverse teams come to better decisions and drive innovation. Bringing more women into management positions is therefore a decisive factor for the further successful development of our company,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.
To promote the professional and personal development of women, LANXESS supports young executives with individual mentoring and coaching offers. In addition, the company set itself a new target for staffing its global talent programs: at least 30% of participants are to be female. When it comes to recruiting, LANXESS is working to create events tailored specifically to women, in addition to creating development and training opportunities that are attractive to women.
The company is also continuously expanding its offerings for balancing work and family life. For example, by the end of 2022, offers for flexible working - in terms of time and place - are to be available in 95% of the countries in which LANXESS operates.
In February 2021, LANXESS also joined the Women's Empowerment Principles initiative of UN Women and UN Global Compact to further promote business practices that empower women. These include equal pay for work of equal value, gender-sensitive policies for the advancement of women, and zero tolerance for sexual harassment in the workplace.
Group financing also reflects the company’s commitment to increasing the proportion of women. Since the end of 2019, the interest rate of LANXESS’ main revolving credit facility has been linked, among other things, to how successfully the company increases the proportion of women on the top three management levels.