LUDWIGSHAFEN, GERMANY (Sept. 16, 12:15 p.m. ET) — BASF SE is one of the world's top companies in terms of tackling climate change and reporting carbon footprint, according to the not-for-profit Carbon Disclosure Project.
The chemicals giant was selected to appear in the Carbon Disclosure Leadership Index (CDLI) because of the transparent and comprehensive way in which it discloses its carbon emissions data.
BASF was also chosen to be listed on the Carbon Performance Leadership Index (CPLI) because of its climate protection strategy and commitment to carbon reduction.
BASF has reduced its emissions per metric ton of sales product since 2002 by almost 29 percent. This meant that the company has already met its 2020 climate goals, which was a 25 percent reduction. Its sales of climate protection products have increased from 6 billion euros in 2008 to 7.7 billion euros in 2010.
Ulrich von Deessen, climate protection officer and head of BASF's competence center environment, health & safety, said: “We feel greatly honored to be part of the Disclosure Leadership Index for the last seven years as well as part of the Performance Index founded in 2010. At the same time we see this as an encouragement to continue with our commitment to climate protection and carry on with our open dialogue.
“A key component of our performance is our comprehensive CO2 balance, which we regularly present since 2008. It is the basis for evaluating the opportunities and risks BASF is faced with due to climate change, quantifying them and implementing a strategy plan for moving forward.”