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BASF receives “A” rating for its sustainable water management and receives “A-” rating for both climate protection and forest protection in CDP's environmental ratings

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BASF receives “A” rating for its sustainable water management and receives “A-” rating for both climate protection and forest protection in CDP's environmental ratings

December 09, 2020 - 05:37
Posted in:
    LUDWIGSHAFEN, Germany, Dec. 8, 2020 (Press Release) -
  • BASF receives “A” grade for its sustainable water management
  • Continued excellent ranking “A-” in climate protection
  • For the first time, BASF’s forest protection measures also evaluated

The non-profit organization CDP (formerly “Carbon Disclosure Project”) has once again rated BASF as one of the world’s leading companies for its water management and climate protection measures. BASF achieved the best rating of “A” in the “CDP Water Security” list. On the CDP’s climate list, BASF achieved the grade “A-.” For its efforts to protect the forests, BASF was rated by CDP for the first time and also received the grade “A-.” These ratings assess BASF’s environmental management and transparent reporting on it.

BASF is introducing sustainable water management at all relevant production sites. This includes the major Verbund sites and sites in water stress areas. Water stress areas are defined as regions in which more than 40 percent of available water is used by industry, households and agriculture. BASF considers the quantitative, qualitative and social aspects of water use. The company wants to determine at which of its own sites it can improve and continuously increase efficiency in the use of water resources, especially in water stress areas.

In order to achieve the company’s climate goal of CO2-neutral growth by 2030, BASF is continuously optimizing existing processes, increasingly using renewable energy sources and developing fundamentally new low-emission production processes. The company is bundling these activities in an ambitious Carbon Management program.

For the first time, BASF participated in the CDP’s “Forest” assessment and provided the organization with detailed insights into its palm value chain and the impact of BASF activities on ecosystems and habitats. BASF is aware of the importance of protecting forests for the well-being of the environment and society. As an actor in various value chains, BASF is committed to ending deforestation in these supply chains. One of BASF’s measures to protect the forests is its voluntary commitment to palm oil: BASF has committed to source 100 percent of its palm (kernel) oil from certified sustainable sources by 2020. Since 2016, BASF has been reporting regularly in its Palm Progress Report on progress and cooperation along the value chain to promote a sustainable supply chain of oleo derivatives.

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt and as American Depositary Receipts in the U.S.