BASF SE 2023 IR
The report highlights BASF's performance in 2023, a challenging year marked by weak global demand and high energy prices in Europe. To strengthen competitiveness, the company initiated a cost savings program focusing on Europe and adapted production structures at its Ludwigshafen site. Despite economic headwinds, BASF advanced its climate targets, reducing absolute Scope 1 and 2 emissions to 16.9 million metric tons and setting a new Scope 3.1 reduction target of 15% by 2030. Key milestones included opening Europe's first colocated battery materials and recycling center in Schwarzheide and progressing construction of the new Zhanjiang Verbund site in China.
Company: BASF SE
Sector: Manufacturing
Country: Germany
Year: 2023
Type: IR
Pages: 321
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BASF SE
Corporate Report
The report highlights BASF's performance in 2023, a challenging year marked by weak global demand and high energy prices in Europe. To strengthen competitiveness, the company initiated a cost savings program focusing on Europe and adapted production structures at its Ludwigshafen site. Despite economic headwinds, BASF advanced its climate targets, reducing absolute Scope 1 and 2 emissions to 16.9 million metric tons and setting a new Scope 3.1 reduction target of 15% by 2030. Key milestones included opening Europe's first colocated battery materials and recycling center in Schwarzheide and progressing construction of the new Zhanjiang Verbund site in China.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees