BASF was presented with the Special Award “Resource Efficiency” at the ceremony for the German Sustainability Award 2015 on Friday evening (November 27, 2015). With this decision, the jury recognized BASF’s Verbund concept that has set the benchmark in the chemical industry for resource and energy efficiency for decades. In addition to the recognition for efficient raw material and energy use, the development of innovative business models for sustainability, for example, the “mass balance” method, was acknowledged by the jury. This method uses renewable raw materials from the very beginning of the value chain in the existing Production Verbund. Savings of fossil resources are calculated for each product.
BASF was also nominated in the category “Most Sustainable Large Companies” and was among the three leading companies. The German Sustainability Award recognizes companies which make significant contributions to sustainable development on a national and international basis.
Additional information on sustainability at BASF is available at www.basf.com/sustainability.
At BASF, we create chemistry – and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world’s leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).
Source: BASF, press release, 2015-11-30.