Recently, BASF released the "BASF Climate Protection 2023*** comprehensive introduction to BASF's strategic layout and specific roadmap to achieve the goal of net zero carbon emissions by 2050".
BASF's innovative and sustainable solutions for battery materials, transportation, construction, new energy, agriculture and plastics** will be showcased in all areas.
The 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) has just concluded, an important opportunity for negotiations and change in the climate sector. In terms of achieving its carbon reduction targets, BASF aims to reduce its Scope 1 and 2 emissions by 25% by 2030 compared to 2018 levels, and to achieve Scope 31 to reduce carbon emissions by 15% compared to 2022 and achieve net-zero global CO2 emissions by 2050 (Scope 1, Scope 2 and Scope 31）。
** It is pointed out that achieving the "dual carbon" goal in China is a broad and profound economic and social systemic change, which requires the whole society and all walks of life to start from themselves, jointly explore and establish a reasonable path, and rush to the road of "carbon neutrality" belonging to China. As one of the world's leading chemical companies, BASF has always been committed to climate protection by closely integrating economic success with social responsibility and environmental protection, and has been empowering the green transformation of various industries by leveraging its technological and innovative advantages to help achieve China's "dual carbon" goals.
Dr. Jianfeng Lou, Chairman and President of BASF Greater China, said: "BASF has always been open and inclusive, and has always shared its expertise, experience and practices in climate protection and carbon management with the whole industry to promote the win-win development of all industry chains. BASF has always believed that the chemical industry has a broad and far-reaching impact in the fight against climate change, and chemical innovation will become a key cornerstone for building a low-carbon future, contributing to the green transformation and sustainable development of all industries. ”
BASF Climate Protection 2023*** summarizes BASF's commitment to sustainability across the entire value chain, including responsible sourcing, efficient production and sustainable solutions.
1. Responsible procurement.
Wherever possible, BASF sources renewable electricity and raw materials with a low carbon footprint, such as palm oil, castor oil, and alanine produced by bio-fermentation. At the same time, BASF manages its upstream and downstream value chains responsibly and actively promotes business evaluations to help it improve its sustainability performance.
2. Safe and efficient production.
BASF promotes the development and application of climate-friendly process technologies through continuous R&D and innovation. **Showcasing the latest advances in BASF's revolutionary and innovative low-carbon production processes, including the world's first all-electric steam cracking demonstration plant, a zero-carbon hydrogen production process, and technologies such as CO2 capture, utilization and storage.
3. Leading sustainable solutions.
To meet the growing demand for sustainable products in China, BASF provides leading chemical solutions in the fields of battery materials, transportation, construction, new energy, agriculture and plastics** to support the green transformation of upstream and downstream companies in the value chain.