BASF publishes new corporate carbon footprint
Ludwigshafen, Germany – November 16, 2009 – BASF is the first company in the world to voluntarily draw up details of its carbon footprint on a regular basis. The results now published for 2008 show that when used by customers, BASF products save three times more greenhouse gas emissions than are released in the manufacture and disposal of all products made by BASF.
The first such carbon footprint details were published in February 2008. BASF uses the lifetime principle to calculate greenhouse gas emissions; in other words it analyses the full lifecycle of the company’s products. This involves looking not just at in-house facilities, but also raw materials and inputs and how these are manufactured and transported, and the disposal of chemical products at the end of their lives.
At the same time, the BASF product portfolio was analyzed to see what volume of greenhouse gas emissions could be saved by using the products for climate protection. The product groups selected from the entire company portfolio were those that save at least twice as much greenhouse gas emissions when used and applied by BASF customers as are released in their production and disposal. In 2008, these products made up about ten percent of BASF sales.
Comparing the emissions and savings gives us the BASF carbon footprint for 2008. The result shows that emissions from raw materials, inputs, production and disposal come to roughly 90 million tonnes of CO2 equivalents (28 million of these from in-house production); compared to the 287 million tonnes of CO2 saved by using BASF products, this gives a ratio of 3 to 1.
An independent study by the Institute of Applied Ecology (the Öko-Institut) in Freiburg has confirmed the accuracy of the BASF calculations. The greatest contribution to emission reductions, at just under 250 million tonnes, comes from products for the construction and housing sector. This relates mainly to insulation materials for renovating old buildings, and cement additives. Contributions in other sectors include plastics for making cars lighter, nitrification inhibitors in agriculture and materials for generating energy from the sun and wind.
More information on the BASF Corporate Carbon Footprint is available at:
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals as well as oil and gas. As a reliable partner BASF helps its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €62 billion in 2008 and had approximately 97,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.
This release may contain forward-looking statements. These statements are based on current expectations, estimates and projections of BASF management and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict and are based upon assumptions as to future events that may not prove to be accurate. Many factors could cause the actual results, performance or achievements of BASF to be materially different from those that may be expressed or implied by such statements. Such factors include those discussed in BASF’s Report 2008 on pages 112ff. We do not assume any obligation to update the forward-looking statements contained in this release.