Our climate protection goal
We work continuously to further reduce emissions from our production. We have set ourselves ambitious quantitative goals to this end.
On our journey toward climate neutrality, we have set ourselves ambitious goals and are striving worldwide to achieve net zero CO2 emissions1 by 2050.
In addition, we want to reduce our greenhouse gas emissions worldwide by 25 percent by 2030 compared with 2018 – and to achieve this despite targeted growth and the construction of a large Verbund site in South China. Excluding the effects of the planned growth, this means cutting CO2 emissions in half in the current business by the end of this decade.
In 2018, BASF Group’s worldwide emissions amounted to 21.9 million metric tons of CO2 equivalents. In 1990, this figure was roughly twice as high. The new 2030 emissions goal represents a reduction of approximately 60 percent compared to 1990 levels, which exceeds the European Union’s target of minus 55 percent.
At the heart of the long-term transition toward net zero CO2 emissions by 2050 is the use of new technologies, which will replace fossil fuels such as natural gas with electricity from renewable sources. Most of these technologies are being pioneered by BASF in collaboration with partners and are currently in a pilot stage. Broad scaleup of these technologies will only be fully realizable after 2030. In order to accelerate the avoidance of CO2 emissions prior to that date, BASF also continues to systematically implement continuous improvement processes for existing production plants. In addition, BASF will progressively switch to renewable sources to meet its electricity needs and intends to invest in wind parks to facilitate this.
1 The goal includes Scope 1 and Scope 2 emissions. Other greenhouse gases are converted into CO2 equivalents according to the Greenhouse Gas Protocol.
Our Carbon Management and further compensation measures
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.
In 2020, the emissions reported under this target amounted to 20.8 million metric tons of CO2 equivalents, an increase of 3.5 percent 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 percent higher than in the previous year.
Greenhouse gas emissions from BASF operations (excluding sale of energy to third parties) compared with baseline 2018
Since 1990, we have been able to lower our overall greenhouse gas emissions from BASF operations by 48.1 percent and even reduce specific emissions by 72.1 percent.