Creating value for customers
- Product portfolio examined and evaluated for sustainability
- Various additional instruments established for assessing sustainability
From 2011 to the end of 2014, BASF conducted sustainability assessments and evaluations on 98.3% of its entire portfolio of more than 60,000 specific product applications – which account for €66.3 billion in sales – using the Sustainable Solution Steering method. This externally validated procedure allows us to determine how our products contribute to sustainability. We observe their application in various markets and industries.
The product applications we analyzed were arranged into four categories: “Accelerator,” “Performer,” “Transitioner” and “Challenged.” Of the analyzed products, 23.0% (by sales) turned out to be Accelerators. They contribute particularly to sustainability in the value chain. Performers are solutions that meet all of the market’s standard sustainability requirements. Around 74.1% of BASF’s analyzed product portfolio matches this description. A Transitioner is a product for which specific sustainability requirements have been identified and plans of action have been defined. These recommendations are being carried out. Approximately 2.6% of the analyzed products fall under this category. Applications that do not sufficiently fulfill significant sustainability criteria are labeled Challenged. BASF is developing plans of action for these products in order to find better solutions, which can include research projects, reformulations or even replacing one product with an alternative product. Currently, this applies for 0.3% of the analyzed products.
We aim to increase the number of Accelerator solutions in the long term in order to further improve the sustainability contribution made by BASF and its customers. This is why our product portfolio is constantly being reviewed.
Sustainable Solution Steering: How BASF’s products contribute to sustainability
We use our established Eco-Efﬁciency Analysis tool to identify critical parameters for improving the ecological and economic balance of our products and processes along the value chain. In order to even better support our divisions in implementing sustainability strategies and goals, we also offer other ecological evaluation instruments alongside the Eco-Efficiency Analysis. These include the methods often used for impact assessment as a part of life-cycle analyses.
With our AgBalance® method, we can address specific questions in order to improve sustainability in agricultural production and products in the food sector. We use the information from these comprehensive evaluations to work on products and solutions together with our customers that make a contribution to sustainable development.