BASF’s Value-to-Society: Changes from 2016-2017
Compared to 2016, our net Value-to-Society has grown by 9% in 2017. This development is accounted for by stronger economic and social benefits to society, which have overcompensated the increase of environmental cost.
The overall impact to society is driven by our 7 billion € sales volume growth (+12%) leading to a positive contribution to society in the economic (+15%) and in the social area (+9%) compared to 2016. The negative contributions to society increased by 24% compared to 2016. Main drivers for higher costs are updated valuation coefficients for environmental impacts and health and safety. In addition, volume growth causes higher negative impacts to society, e.g. resource use, emissions, health and safety incidents.
BASF’s Value-to-Society: Changes from 2015-2016
Compared to 2015, our net Value-to-Society 2016 decreased as expected by 28%. The main driver is our reduced sales volume by 13 billion €. The major share of the sales decrease is caused by the divestment of our gas trading and storage business to Gazprom, which contributed 10.1 billion € to our total sales in the previous year.
BASF’s Value-to-Society: changes from 2014 to 2015
Due to a decrease in volume, BASF’s Value-to-Society (full supply chain, BASF operations and customer industries) decreased by 9%.
BASF’s Value-to-Society: Changes from 2013 to 2014
Due to a sales volume growth BASF’s Value-to-Society (full supply chain, BASF operations and customer industries) increased by 2%.