Can Corporate Sustainability & Economic Growth Coexist?
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Submitted by: BASF Corporation
Posted: Jan 27, 2014 – 10:48 AM EST
MISSISSAUGA, O.N., Jan. 27 /CSRwire/ - For the second year in a row, BASF has been named to the Global 100 index of the world’s most sustainable corporations by Corporate Knights, the Toronto-based media and investment advisory company.
The Global 100 consists of the 100 top-performing stocks worldwide on a range of sector-specific sustainability metrics. Companies named to the Global 100 are considered the top overall sustainability performers in their industry. BASF placed 12th overall.
“For BASF, inclusion in this index is recognition of how we create chemistry for a sustainable future by combining long-term oriented economic success with social and environmental sustainability,” said Charlene Wall-Warren, Director of Sustainability for BASF in North America.
The Global 100 are determined using a four step ranking process. First, approximately 4,000 public companies are screened for sustainability disclosure practices, financial health, product categories and financial sanctions. The remaining companies are then scored on the key performance indicators for their respective industry group.
“The results speak for themselves,” said Toby Heaps, CEO of Corporate Knights. “Topping a well-diversified benchmark is not easy, but the Global 100 has managed to squeak out marginal out-performance across a turbulent period in the history of the capital markets. We attribute this excess return to the growing investment relevance of core sustainability themes, including water scarcity, rising energy prices and growing competition for human capital, all of which are captured in the Global 100 methodology.”
For full ranking and other details, visit: www.global100.org.
BASF - The Chemical Company
BASF Canada, located in Mississauga, Ontario is a subsidiary of BASF SE, and an affiliate of BASF Corporation. BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 16,600 employees in North America, and had sales of $18.5 billion (USD) in 2012. For more information about BASF’s North American operations, visit www.basf.us. To find out more about BASF’s activities in Canada visit www.basf.ca or follow us on Twitter: www.twitter.com/basfcanada.
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 with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.
For more from this organization:BASF Corporation