Our purpose reflects what we do and why we do it: We create chemistry for a sustainable future.
We want to contribute to a world that provides a viable future with enhanced quality of life for everyone. This is why we offer products and solutions that are designed to make the best use of available resources and help to overcome challenges. In this context BASF has decided to not only focus on a sustainable business but also to integrate sustainability into its financing activities.
BASF has established a green finance framework under which the company intends to issue green finance instruments to finance and/or refinance sustainable products or projects with a clear benefit to environment and/or society.
The International Capital Markets Association (ICMA) Green Bond Principles are a set of voluntary guidelines that recommend transparency and disclosure and promote integrity in the development of green financing instruments. The BASF green finance framework follows the ICMA Green Bond Principles 2018 edition as well as the Loan Market Association (LMA) Green Loan Principles 2018 edition.