Saudi Arabia

BASF signed the Business and Biodiversity Pledge

December 13, 2016

Michael Stumpp symbolically signing the biodiversity pledge in Mexico.

Beginning of December government officials, business leaders, and various stakeholder groups met in Cancun, Mexico, to discuss new ways to address biodiversity conservation from the private sector perspective. The 13th forum “Mainstreaming Biodiversity: Opportunities for Businesses” ran in parallel with the UN Biodiversity Conference High-Level Segment, contributing to the achievement of the Strategic Plan for Biodiversity 2011-2020.

The pledge provides an opportunity for business leaders to highlight the importance of biodiversity and ecosystem services for their respective companies and to affirm their commitment to take positive action by supporting it.

The signatories of the pledge commit to deliver solutions for the conservation of biodiversity, its sustainable use, and the fair and equitable sharing of benefits from resources. That includes promoting awareness about the values of biodiversity, acting as ambassadors for responsible stewardship of biodiversity, and regularly reporting on the actions undertaken.

“I was surprised to see how many world class companies already engage in meaningful projects in order to achieve biodiversity targets. And there is a clear trend that in the future, those companies will team up and work on long-term projects with even bigger impact” said Michael Stumpp, President BASF Group in Mexico, Central America and Caribbean, who participated at the conference in Cancun.

Protecting biodiversity is an important issue also addressed in the UN Sustainable Development Goals (SDGs). BASF contributes to achieving the SDGs and actively supports and implements projects to encourage the protection of biodiversity at the local level.

Some examples of BASF’s commitment include the European “Farm Network” that seeks practical solutions to how farming can help protect ecosystems as well as the “Palm Dialogue”, that addresses the industry’s undertaking to support the production of sustainable palm oil. “Espaço ECO”, a foundation established by BASF in Brazil in 2005 with the support of the German Agency for International Cooperation (GIZ) supports sharing environmental protection knowledge through educational activities.