Our climate protection goal
We work continuously to further reduce emissions from our production. We have set ourselves ambitious quantitative goals to this end.
We want to achieve CO2-neutral 1 growth until 2030. In other words, we aim to maintain total greenhouse gas emissions from our production sites (excluding emissions from sale of energy to third parties) and our energy purchases at the 2018 level (21.9 million metric tons of CO2 equivalents) while increasing production. Based on our growth plans until 2030, this would mean reducing our specific greenhouse gas emissions by up to one-third compared with 2018.
In 2020, the emissions reported under this target amounted to 20.8 million metric tons of CO2 equivalents, an increase of 3.5% compared with the previous year (2019: 20.1 million metric tons of CO2 equivalents). Specific greenhouse gas emissions in 2020 amounted to 0.639 metric tons of CO2 equivalents per metric ton of sales product, 11.3% higher than in the previous year.
1 Our goal includes other greenhouse gases converted to CO2 equivalents. For further information, see Annual Report.
Greenhouse gas emissions from BASF operations (excluding sale of energy to third parties) compared with baseline 2018
We want to reach our climate protection target and enable further reductions with plant optimization measures, by purchasing low-carbon energy, and with a research and development program to reduce our greenhouse gas emissions over the long term. We have bundled these measures in our global Carbon Management.
In addition, we will also consider temporarily taking external offsetting measures such as purchasing certificates if the technical or economic environment does not permit a stabilization of emissions at the 2018 level using the above approaches. Sharp increases due to the startup of large-scale plants will be progressively offset. When deciding on investments and acquisitions, we systematically consider the effects on greenhouse gas emissions.
Since 1990, we have been able to lower our overall greenhouse gas emissions from BASF operations by 48.1% and even reduce specific emissions by 72.1%.