BASF SE
Chemicals
Company Summary
BASF, founded in 1865, is one of the largest chemical companies globally, producing products for industries such as agriculture, construction, and automotive. The company’s ESG score benefits from its commitment to sustainability, focusing on reducing carbon emissions, enhancing energy efficiency, and integrating circular economy practices within its operations. BASF is also making strides in sustainable agriculture through the promotion of sustainable crop protection and innovative chemicals. However, it faces challenges related to chemical waste, toxicity concerns, and the environmental impact of certain products. Despite these issues, BASF continues to invest in sustainable chemical solutions. For more insights, refer to the BASF ESG report.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
BASF is average among 9 companies in the diversified chemicals industry.
Temperature Rise :
News from BASF SE
BASF, Acies Bio Partner for Sustainable Fatty Alcohols
BASF Opens e3 Sustainable Cotton Enrollment
BASF Personal Care's Sustainability Progress Report
Green Bike Bag: CO2 Reduction with Recycled Tyres
BASF's Commitment to Sustainability Transformation
BASF's Monomers Division Launches Sustainability Plan and Broadens its Line of Environmentally Friendly Products
BASF & Solar Earth Join for Paving-Integrated Photovoltaic
Basf and Sulzer Chemtech Partner for Sustainable Solutions
FAQ
What is BASF's ESG score?
BASF has a strong ESG score of 71/100 based on its commitment to environmental sustainability. It ranks well on corporate governance, particularly in chemical manufacturing, where its efforts to reduce emissions and waste are noted. BASF has been recognized by Sustainalytics with a Low ESG Risk rating.
How does BASF perform in ESG assessments?
BASF excels in environmental management. The company has integrated sustainable practices into its manufacturing, with a focus on green chemistry. It’s rated positively by organizations like MSCI and S&P Dow Jones for environmental practices, including its carbon-neutral target by 2050 and efforts to develop eco-friendly solutions.
What are BASF's commitments to environmental sustainability?
BASF has committed to achieving carbon neutrality by 2050 and has set science-based targets to reduce greenhouse gas emissions. As of 2023, the company has reduced its CO₂ emissions by approximately 40% compared to 2018 levels. It also invests heavily in sustainable innovation, such as developing low-carbon technologies in chemical production.
