The carbon balance shows for the first time not only emissions from BASF`s production, but also takes into account emissions from raw materials and precursors as well as the disposal of all products. In addition, the company has looked at the product lifecycle of 90 key products that save CO2 emissions when used in end products. An independent third party, the Öko-Institut in Freiburg, has reviewed and confirmed BASF`s calculations.
- The results of the study are clear: The enormous potential savings that can be achieved by using innovative technologies and products from BASF are ignored if one looks solely at the emissions from our production sites - explains Dr Harald Schwager, member of the Board of Executive Directors of BASF SE. - In areas such as construction, automobiles and industrial production, our products help our customers to save more than 250 million metric tons of CO2 worldwide. This is three times as much as is emitted through the production and disposal of all our products. We want to maintain or even improve this factor through new products and innovations and by continuing to reduce our own emissions - continues Schwager.
For example, BASF is developing innovative technologies and materials for sustainable climate protection. BASF spends around ?400 million, or one-third of its total research and development budget, in the areas of energy efficiency, climate protection, resource conservation and renewable raw materials.