The non-profit organization CDP (formerly the Carbon Disclosure Project) again ranks BASF as one of the world’s leading companies for its water management and forest and climate protection measures, according to the company. BASF reportedly achieved an A- rating in all three categories.
BASF says it is introducing sustainable water management at all relevant production sites by 2030. This includes the major Verbund sites and sites in water stress areas. CDP assesses how transparently companies report on their water management activities and how they reduce risks, such as water scarcity. The assessment also takes into account the extent to which product developments can also contribute to sustainable water management at the customers of the companies assessed.
BASF was evaluated by CDP for the second time for its efforts to protect forests. BASF says it is aware of the importance of protecting forests for the well-being of the environment and society. As a “player in various value chains,” BASF says it is committed to ending deforestation in these supply chains. BASF has regularly reported on progress and collaboration along the value chain in its Palm Progress Report since 2016. In 2020, BASF exclusively sourced RSPO-certified sustainable palm (kernel) oil, according to the company.
BASF says it is also committed to expanding sustainable sourcing to include oleochemical palm and palm kernel derivatives and vegetable ester oils from 2025 at the latest. BASF has reportedly made additional progress in developing transparent supply chains: almost 95% of the global palm oil footprint can be traced back to the oil mill, according to the company.
BASF has been participating in CDP reporting on climate protection-relevant data since 2004. BASF has set a goal of achieving net zero CO2 emissions by 2050. By 2030, BASF aims to reduce its CO2 emissions by 25% compared to 2018. At the heart of the long-term emissions reduction is the use of new technologies that replace fossil fuels with electricity from renewable sources, according to the company. Most of the technologies are newly developed by BASF together with partners and are in the pilot stage. Widespread scaling up of these technologies will only be achievable in full after 2030. In order to reduce CO2 emissions at an accelerated pace, BASF will continue to systematically implement continuous improvement processes for existing production plants. In addition, BASF says it has invested in renewable energy production facilities for self-supply in 2021 and has signed contracts to supply its sites with energy from renewable sources.
For more information, visit: www.basf.com
