BASF awarded as one of the“Top 20 ESG Pioneer Foreign Enterprises in China”
- The award was issued by China Media Group to recognize BASF's leading ESG practices in China
- BASF was one of the few chemical companies listed among the 20 awarded enterprises
Recently, BASF was awarded as one of the “Top 20 ESG Pioneer Foreign Enterprises in China (2024)” (“Top 20 ESG Pioneers”) issued by China Media Group (CMG), in recognition of its leading ESG practices in China.
“This award acknowledges BASF’s long-term commitment to sustainable development and highlights our leading role in building a sustainable ecosystem with value chain partners in China,” stated Dr. Jeffrey Lou, Chairman and President of BASF Greater China. “We would like to thank our team in China for their strong efforts, as well as our partners and stakeholders across the value network.”
The “Report on Foreign Companies’ ESG Actions in China” (“the report”) was first launched by CMG in 2024, with its second edition released this year. The 2024 report was jointly released by CMG and several local authorities, following rigorous screenings and in-depth evaluations. It showcases the consistent efforts of foreign enterprises in China that are striving for sustainable development through innovation and ESG practices.
The samples in the report came from 28 countries and regions, covering 16 industries. The report evaluated 338 foreign enterprises operating in China and selected 20 as the “Top 20 ESG Pioneers.” BASF was one of the few chemical companies listed among the 20 awarded enterprises.
About BASF in Greater China
BASF has been a committed partner to Greater China since 1885. With large production sites in Shanghai, Nanjing, Chongqing and Zhanjiang, as well as a regional research and development hub in Shanghai, BASF is a major foreign investor in the country’s chemical industry. BASF posted sales of approximately €8.6 billion in 2024 to customers in Greater China and employed 12,687 people as of the end of the year. For further information, please visit www.basf.com/cn/en.
About BASF
At BASF, we create chemistry for a sustainable future. Our ambition: We want to be the preferred chemical company to enable our customers’ green transformation. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises, as core businesses, the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care; our standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. BASF generated sales of €65.3 billion in 2024. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.
