The non-profit organization CDP has again ranked BASF as one of the world’s leading companies for its measures and transparent reporting on climate protection, water and forest management. BASF received an A- rating in all three categories.
BASF once again achieved an “A-” rating on CDP’s climate list in 2023. Among other things, the assessment considers the transparency of emissions reporting, the handling of risks and opportunities arising from climate change, the climate protection strategy and CO2 reduction measures. BASF has been participating in CDP’s reporting on climate protection-relevant data since 2004.
After receiving an ‘A’ rating last year, BASF was awarded an ‘A-’ this year for water security. The reason for the downgrade is a new CDP guideline that stipulates that companies that manufacture products containing hazardous substances cannot receive an ‘A’ in the water security category. CDP’s assessment takes into account how transparently companies report on their water management activities and how they reduce risks such as water scarcity. CDP also evaluates the extent to which product developments can contribute to sustainable water management for customers of the companies assessed. BASF is introducing sustainable water management at all relevant production sites by 2030. This includes the major Verbund sites and sites in water stress areas.
In 2023, BASF was again evaluated by CDP for its efforts in forest protection and was ranked A-, as in the previous years. The CDP assessment is conducted based on detailed insights into the palm value chain and activities that impact ecosystems and natural habitats. Palm kernel oil and its primary derivatives are among the company’s most important renewable raw materials. BASF has once again fulfilled its voluntary commitment to source only RSPO-certified palm oil and palm kernel oil. The company is aware of the importance of protecting forests for the well-being of the environment and society. BASF’s position paper on forest protection sets out the company’s commitment to preserving biodiversity in areas of High Conservation Value such as High Carbon Stock forest areas and peatlands in the procurement of renewable raw materials. BASF reports transparently on these activities in its current Responsible Sourcing Report.
