PRZOOM - /newswire/ -
Ludwigshafen, Germany, 2011/09/15 - The international investor group Carbon Disclosure Project has again selected BASF for inclusion in the Carbon Disclosure Leadership Index (CDLI) and Carbon Performance Leadership Index (CPLI) - CDProject.net / BASF.com. DE000BASF111
• Clear a cknowledgment of climate protection strategy and CO2 reduction;
• High marks for transparency and reporting.
According to CDP BASF is among the leading companies in the world in the category of climate change. The CDLI contains 52 companies that disclose their data in a particularly transparent and comprehensive manner. The CPLI represents 29 companies based on their exemplary performance in terms of climate change - for example with regard to their strategy, their stakeholder communication, their management system and their reduction of greenhouse gas emissions. The Carbon Disclosure Project (CDP) represents 551 institutional investors holding $71 trillion in assets under management. Investors use CDP indices as assessment tools.
"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," says Dr. Ulrich von Deessen, Climate Protection Officer and head of BASF's Competence Center Environment, Health & Safety. 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."
BASF’s 2010 CO2 balance demonstrates that the company has managed to reduce greenhouse gas emissions from production significantly: The emissions per ton of sales product have been reduced since 2002 by nearly 29% and thus BASF met its own climate goals for 2020 (25% -reduction) for the first time. In addition, sales of climate protection products increased from €6 billion in 2008 to €7.7 billion in 2010, thus an increased 10 to 12% of the total sales of the BASF Group. The CO2 balance is based on the criteria of the Greenhouse Gas Protocol for CO2 reporting as well as on BASF’s certified eco-efficiency analysis method.
In September 2011, BASF was again included in the Dow Jones Sustainability World Index (DJSI World). The company received special recognition from the analysts for its sustainability engagement in Genetically Modified Organisms, Product Stewardship, Environmental Management System, Climate Strategy and Risk & Crisis Management.
More information about climate protection at BASF and the Carbon Disclosure Leadership Index is available at basf.com/sustainability.
BASF (basf.com) is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of about €63.9 billion in 2010 and had approximately 109, 000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).