Can Corporate Sustainability & Economic Growth Coexist?
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Submitted by: BASF Corporation
Posted: Jan 30, 2013 – 12:30 PM EST
FLORHAM PARK, N.J., Jan. 30 /CSRwire/ - BASF has been named to the Global 100 list of the world’s most sustainable corporations by Corporate Knights, the Toronto-based media and investment research company.
The Global 100 consists of the 100 top-performing stocks worldwide on a range of sector-specific sustainability metrics. BASF SE placed 35th overall.
“The Global 100 companies are leading a resource productivity revolution, transforming waste into treasure and doing more with less. They are steering our civilization away from ecological overshoot and back to a place of balance with our planet,” said Toby Heaps, Chief Executive Officer of Corporate Knights. “On carbon, water, energy, and waste, the Global 100 are on track to double their resource productivity by 2025 in two-thirds of the cases, and in an era of peak commodity prices, this makes as many dollars as it does sense.”
The Global 100 uses a two-step methodology. First, approximately 4,000 companies from the starting universe are screened according to their sustainability disclosure practices, financial health, product types and recent legal payouts. Those companies that remain are then scored, relative to their same-sector peers, on a set of key performance indicators (KPIs). A different suite of KPIs is used for companies in each industry.
“For BASF, membership in this select group is great recognition of our efforts to create chemistry to help meet the current and future needs of society,” said Charlene Wall-Warren, Sustainability Leader at BASF Corporation. “This includes innovative solutions which support the energy, food and resources demands that will be required to sustain our growing population.”
The Global 100 has been recognized in Rate the Raters, Phase 5, a GlobeScan / SustainAbility survey of how sustainability experts view and use corporate sustainability ratings, as the world’s most credible corporate sustainability ranking. For full rankings and other details, please see: www.global100.org or www.corporateknights.com/global100.
BASF – The Chemical Company
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 16,000 employees in North America, and had sales of $20 billion in 2011. For more information about BASF’s North American operations, visit www.basf.us.
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €73.5 billion in 2011 and had more than 111,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.
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