Sustainability is firmly embedded in our strategy and organization. Sustainability management supports our strategic principle “We drive sustainable solutions,” helping us to put our company’s purpose – “We create chemistry for a sustainable future” – into practice.
- Sustainability strategically embedded into company as significant driver for growth
- Strategic responsibilities: seizing business opportunities, minimizing risks, establishing strong relationships with stakeholders
We have strategically embedded sustainability into our company as a significant driver for growth. BASF defines sustainability as balancing economic success with social and environmental responsibility, both today and in the future. The conflicts of interest involved in this challenge us to weigh varying concerns and find the best possible solutions.
Our sustainability management has three responsibilities: Taking advantage of business opportunities, minimizing risks and establishing strong relationships with our stakeholders. We take advantage of business opportunities by offering our customers innovative products and solutions that contribute to sustainable development. We minimize risks by identifying relevant issues early on with the help of our materiality analysis, and through operational excellence in our business processes. We engage in ongoing open dialog with our stakeholders.
In 2012, we enhanced our sustainability management and integrated it into BASF’s central units. In this way, we can bind sustainability even better into our core and business processes and more efficiently coordinate the cooperation between our Sustainability Council, regional steering committees and specialist units.
Our globally responsible Sustainability Council is the decision-making body for the sustainability issues most important to us. The Chairwoman of the Council is Board member Margret Suckale. The Council comprises twelve heads of functional, operating and regional divisions, including the Climate Protection Officer. Regional steering committees, specialist units and operating divisions identify focus areas in the regions and implement global decisions.