BASF Report 2023

BASF – A Sustainable Investment

At a glance

  • CDP again awards BASF Leadership status
  • BASF again achieved “Prime” status in ISS ESG rating

BASF has participated in the program established by the international organization CDP for reporting on data relevant to climate protection since 2004. CDP represents more than 740 investors with over $136 trillion in assets and more than 330 major organizations with $6.4 trillion in purchasing power.

In February 2024, CDP once again awarded BASF Leadership status in the categories of climate protection, water management and forest protection for the 2023 business year. BASF achieved a rating of A– in each category. In the climate protection category, CDP assesses, among other things, the transparency of emissions reporting, the handling of opportunities and risks arising from climate change, the climate protection strategy and measures to reduce CO2 emissions.

The CDP assessment for sustainable water management takes into account how transparently companies report on their water management activities and how they reduce risks such as water scarcity. BASF continues to implement its sustainable water management target at all relevant production sites. CDP also evaluates the extent to which product developments can contribute to sustainable water management for customers. BASF also participated in the CDP’s “Forests” assessment for the fourth time in 2023. The assessment is based on detailed insights into the palm value chain and on activities that impact ecosystems and natural habitats.

MSCI ESG Research awarded BASF an A rating in 2023. The analysts highlighted BASF’s presence in clean technology markets and its clearly defined strategy to reduce CO2 emissions and water consumption.

BASF again achieved Prime status (B–) in the ISS ESG rating developed by Institutional Shareholder Services, placing it in the top 10% of the companies assessed.

In the Morningstar Sustainalytics1 ESG Risk Ratings, BASF belongs to the best category for “diversified chemicals” with a medium ESG risk and was recognized for its risk management, for example, in the areas of CO2 emissions, wastewater and waste, and occupational health and safety.

BASF is a founding member of the United Nations Global Compact. This means we consistently support the U.N. Global Compact and its 10 principles of responsible business conduct and the Sustainable Development Goals.

1 Morningstar Sustainalytics provides institutional investors and companies with ESG and corporate governance research, ratings and analytics.

Value chain
A value chain describes the successive steps in a production process: from raw materials through various intermediate steps, such as transportation and production, to the finished product.

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