Which values do companies create for society – in environmental, human, social, and financial terms? And how can these contributions be measured and compared? Together with seven international companies of the recently founded “value balancing alliance e.V.”, based in Frankfurt am Main, Germany, BASF strives to create a standard that makes this holistic value creation transparent in monetary terms. The alliance is supported by the accounting firms Deloitte, EY, KPMG, PwC and by the OECD amongst others. Founding members of the nonprofit organization are, next to BASF, the companies Bosch, Deutsche Bank, LafargeHolcim, Novartis, Philip Morris International, SAP, and SK.
To further expand its position as a global supplier of engineering plastics, BASF signed an agreement with Solvay in September 2017 on the acquisition of Solvay’s integrated polyamide business. In January 2019, the EU Commission approved the acquisition subject to certain conditions, including the divestiture of Solvay’s polyamide 6.6 production facilities in Europe.
BASF and the University of Heidelberg will jointly continue operating their Catalysis Research Laboratory (CaRLa) for a further three years. The partners signed the appropriate contract to extend the research cooperation until 2022. At CaRLa, researchers work on issues relating to homogeneous catalysis.