BASF makes it to top flight of Carbon Disclosure Leadership Index
* Climate protection: Included in top performers list
* Transparent reporting and climate protection strategy are becoming increasingly important for investors
Ludwigshafen, Germany .– The international investor group Carbon Disclosure Project has again included BASF in the prestigious Carbon Disclosure Leadership Index (CDLI). BASF is number one of all companies in the materials sector. Thus, in the area of climate protection, the Chemical Company is among the top performers in the CDLI. This index only includes corporations that excel in addressing the opportunities and risks presented by climate change and in the transparency of their reporting.
“We are proud to be included in this important index. Our excellent ranking confirms that we are on the right track with our climate protection strategy,” says Dr. Ulrich von Deessen, Head of the Competence Center Environment, Health and Safety and BASF’s Climate Protection Officer. “We shall continue reporting openly and traceably on our progress in this area. In the fourth quarter, BASF will be publishing the updated version of its ’Corporate Carbon Footprint’ Report giving full accountability of BASF’s greenhouse gas emissions.”
The Carbon Disclosure Project (CDP) represents 475 institutional investors with $55 trillion in assets under management and provides an evaluation tool for investors. CDP Board Chairman Paul Dickinson said: "Companies which control their risks today, manage their emissions and seize the opportunities to produce low carbon goods and services, will be the best placed to prosper in a low carbon economy of the future.”
Sustainability has long been one of BASF’s strategic corporate goals. BASF’s climate protection strategy simultaneously focuses on reducing its own emissions and preventing carbon emissions resulting from the use of BASF’s products by customers.
Ambitious climate protection goals
BASF has set itself ambitious goals in climate protection: by 2020, BASF intends to reduce its specific greenhouse gas emissions per metric ton of sales products by 25 percent compared with 2002. Between 1990 and 2002, BASF had already reduced absolute greenhouse gas emissions by 38 percent.
BASF was the world’s first company to submit a corporate carbon footprint in February 2008. This balance contrasts the CO2 emission savings achieved with BASF products and processes with the emissions from raw material extraction, production and product disposal. The results of the study, which have also been confirmed by the Öko-Institut in Freiburg (Germany) show that BASF products can save about three times more greenhouse gas emissions than the entire amount caused by the production and disposal of all BASF products.
At the beginning of September 2009, BASF was again included in the Dow Jones Sustainability World Index (DJSI World). The company received special recognition for its climate strategy, its risk management and its practices in human capital development. BASF’s shares are included in DJSI World for the ninth year in succession.
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