TAGS: Sustainability / Natural Coatings
BASF takes a further step on its path to net zero and commits to targets for Scope 3.1 emissions. The announcement was made during an update for investors and analysts in Ludwigshafen at which Dr. Martin Brudermüller, chairman of the board of executive directors of BASF SE and Dr. Dirk Elvermann, chief financial officer, reported on progress in the implementation of the corporate strategy announced in 2018.
Focus on Using Renewable Energies
BASF provided investor representatives with an update on its progress on the path to climate neutrality, starting with the original goal of ensuring climate-neutral growth in the 2018 strategy. In March 2021, BASF increased this ambition and set reduction targets for Scope 1 and 2 emissions - a 25 percent reduction by 2030 compared with 2018 and net zero by 2050. To achieve these goals, BASF is focusing on the use of
renewable energies and technologies for carbon abatement.
In view of the progress the company has made in obtaining reliable primary data for the emissions associated with purchased raw materials, BASF is now confident that it has a sufficiently solid foundation to set targets for reducing its Scope 3.1 emissions. By 2030, BASF aims to reduce its specific Scope 3.1 emissions by 15 percent compared with 2022 across the portfolio – from 1.57 to 1.34 kilograms of CO
2 per kilogram of raw material bought.
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We have defined a specific target because our focus is on improving the product carbon footprint of our sales products, which we calculate in kilograms of CO2 per kilogram of BASF product sold,” continued Brudermüller.
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Our ambitions and efforts in the short and long term are clear: BASF will work with both customers and suppliers to find pragmatic solutions that are both cost-efficient and good for the environment. Our long-term ambition is also clear: We are committing to achieving net-zero Scope 3.1 emissions by 2050,” added Brudermüller.
Source: BASF