Lanxess AG (OTCPK:LNXSF)

$ 28.97 0 (0%) Market Cap: 2.46 Bil Enterprise Value: 5.18 Bil PE Ratio: 5.80 PB Ratio: 0.50 GF Score: 73/100

Lanxess AG Virtual Days Transcript

Mar 07, 2023 / 02:00PM GMT

Release Date Price: $46.37

Transcript

Frank Klein

(technical difficulty)

Thanks, Ingo. Also a warm welcome from my side. And the advantage was participating in virtual day is that it looks like that I'm right around the corner from the background point of view, while I'm in reality, sitting in our Deutsche Bank campus in Frankfurt. So that's the major advantage. But thank you very much for the invitation.

As we said, Ingo, there were some main drivers, which were really stemming from the fact that ESG topic we're getting so much into popularity over the last 5 years and the whole thing gaining real momentum. So the first thing is the institutional investor took really a main part in attracting all of these ESG topics because institutional investors in the last 5 to 10 years really went on to this topic.

The second part is the reputational risk problem. A lot of companies realized that contrary to 20 or 10 years ago, that reputational risk is really a major issue for shareholders, stakeholders, suppliers, clients and so forth. And therefore, reputational risk also is a major part. The other two reasons for main drivers

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