Global 100 recognizes that BASF creates chemistry for a sustainable future
As you may know, BASF has worked and continues to work tirelessly to engineer sustainable, high-performance products for energy efficiency, strength, durability, safety, affordability and quality. That's why we are excited to announce that BASF was named to the Global 100 index of the world's most sustainable corporations, for the second year in a row.
The Global 100, which is organized by Corporate Knights-the Toronto-based media and investment advisory company-consists of the 100 top-performing stocks worldwide on a range of sector-specific sustainability metrics.
In short, 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 environmental protection and social responsibility,” 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 12 key performance indicators for their respective industry group, including:
- Energy Productivity
- Carbon Productivity
- Water Productivity
- Waste Productivity
- Innovation Capacity
- Percentage Tax Paid
- CEO to Average Worker Pay
- Pension Fund Status
- Safety Performance
- Employee Turnover
- Leadership Diversity
- Clean Capitalism Pay Link
“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 more information about the Global 100, who else made the list and the selection methodology.
Interested in learning more about what BASF is doing in the sustainability realm?
To review our sustainability strategies, products and businesses visit sustainable development website.
Categories: Polyurethanes Blog
Enter your comments in the box below:
(Please note that all blog entries and comments are subject to review prior to posting.)