BASF has again been included in the prestigious Climate Leadership Index of companies that address the challenges of climate change and reducing greenhouse gases. The index is produced by the Carbon Disclosure Project (CDP), an international coalition of institutional investors.
The companies in the Climate Leadership Index were honored at a ceremony in Frankfurt(September 22, 2006).
“BASF's re-inclusion in the Climate Leadership Index encourages us in our efforts in the field of climate protection,” said Ernst Schwanhold, head of the company's competence center Environment, Safety & Energy.
“In the coming years, BASF plans to significantly increase its expenditures for energy efficiency and climate protection. We are continuously developing new products and processes to increase energy efficiency at BASF and for our customers.
In addition, reducing emissions of greenhouse gases has been one of our global corporate goals since 2002.” In the period from 2006 to 2008, BASF plans to spend €1.2 billion on resource conservation.This corresponds to approximately one-third of the company's total research and development expenditures.
The CDP, which is headquartered in London, is an international initiative by 225 banks, insurance companies and pension funds that manage assets of more than $31 trillion. “The global investment community is keenly aware of the risks associated with climate change and hope that corporations such as BASF provide a solid example for others in its peer group to follow,” said CDP coordinator Paul Dickinson.
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