BASF reaches climate protection goal
In its just published Report 2010, the Ludwigshafen, Germany-based entity BASF--the world's leading chemical company--noted how it reached an important set goal of reducing greenhouse gas emissions by 29 per cent compared with 2002, so that the company reached its goal for 2020 for the first time.
March 14, 2011 By Andrew Joseph
In its just published Report 2010, the Ludwigshafen, Germany-based entity BASF–the world’s leading chemical company–noted how it reached an important set goal of reducing greenhouse gas emissions by 29 per cent compared with 2002, allowing it to reach its goal for 2020 for the first time.
The report documents BASF’s entrepreneurial performance and shows how sustainability contributes to corporate success; measuring its performance on the basis of clearly defined targets for economy, ecology and society aspects: In 2010, BASF again earned a premium on its cost of capital with a record premium of €3.5 billion (~ $4.72-billion Cdn). The proportion of senior managers with international experience rose to 78 per cent.
Along with significant reductions in greenhouse gas emissions from its own production, BASF reduced its customers’ CO2-footprint by 322 million tons through innovative climate protection solutions. In 2010, it again achieved external recognition for its sustainable development strategy and its implementation in the company from a number of sources: for the 10th time running, the company was listed in the Dow Jones Sustainability Index and tops again the Materials sector of the prestigious Carbon Disclosure Leadership Index. In addition, BASF is listed in the new Carbon Performance Leadership Index (CPLI).
BASF has utilized the newly drafted standard of the Greenhouse Gas Protocol for reporting emissions along the value-adding chain. BASF has contributed its know-how to the development of this new standard elaborated by international sustainability experts calling for more transparency and conformity in corporate carbon reporting.
The Report 2010 is available on the internet at www.basf.com/report.
BASF is the world’s leading chemical company involved in production of chemicals, plastics, performance products and agricultural products, as well as oil and gas. BASF posted sales of about €63.9 billion (~ $86.23-billion Cdn) in 2010 and had approximately 109,000 employees as of the end of the year.
For company information, visit www.basf.com.