BASF selected for both Carbon Disclosure Project indices
* Acknowledgment of climate protection transparency and performance
* BASF scores top marks in the Materials sector for second year running
The international investor group Carbon Disclosure Project has again selected BASF for inclusion in the Carbon Disclosure Leadership Index (CDLI). CDLI selection is reserved for companies showing exemplary transparency in their climate protection reporting. BASF is top scorer in the Materials sector for the second year in succession. In addition, BASF has been named to the new Carbon Performance Leadership Index (CPLI). The CPLI assesses the performance of corporations in managing the opportunities and risks of climate change.
“We are delighted to be listed in these two important indices. It shows us that investors appreciate our greenhouse gas emission strategy as well as our transparent reporting" commented Dr. Ulrich von Deessen, head of the Environment, Health and Safety Competence Center and BASF climate protection officer.
The Carbon Disclosure Project (CDP) represents 534 institutional investors holding $64 trillion in assets under management. Investors use CDP indices as assessment tools. “ Companies which manage and reduce their emissions, maximize business resilience and capitalize on opportunities, will be the best placed to succeed in future,” CDP CEO Paul Dickinson said.
Climate protection is part of BASF’s sustainable development strategy. It is put into practice on the basis of quantifiable targets in a global action program for energy efficiency and climate protection. BASF was the first globally operating corporation to appoint a climate protection officer for that purpose in 2008. BASF strives continuously to lower greenhouse gas emissions in production. Measures that have already been implemented are reducing greenhouse gas emissions by about 24 million metric tons of CO2e annually. The company is on track for a 25% mitigation of specific greenhouse gas emissions per metric ton of commercial product by the year 2020 (base year 2002). BASF also leverages market opportunities with products for climate protection. These are product groups that save at least double the amount of CO2 during their use than is emitted during their production and disposal. Products in this category accounted for about 10% (€6 billion) of BASF sales in 2008.
Alongside its global activities for energy efficiency and climate protection, BASF is involved in developing greenhouse gas emission reporting standards in the Greenhouse Gas Protocol. This initiative is led by the World Resource Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).
BASF was again selected for the Dow Jones Sustainability World Index (DJSI) in September 2010. The company received special recognition for risk and crisis management, environmental reporting and climate strategy. BASF shares are now included in the DJSI World for the tenth year in succession.
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals as well as oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €50 billion in 2009 and had approximately 105,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.