BASF SE 2024 SR
The report details BASF's sustainability performance for the 2024 fiscal year, highlighting the launch of its 'Winning Ways' strategy focused on enabling customers' green transformation. The company conducted its first double materiality assessment in accordance with ESRS, identifying key impacts in climate change, pollution, and workforce management. BASF achieved a 22.4% reduction in Scope 1 and 2 emissions compared to its 2018 baseline and increased its renewable electricity share to 26%. A new circular economy target aims for €10 billion in sales from 'Loop Solutions' by 2030. Despite progress, the company reported two fatal work-related injuries involving contractors and is addressing challenges in sourcing certified palm kernel oil.
Company: BASF SE
Sector: Materials
Country: Germany
Year: 2024
Type: SR
Pages: 181
BASF SE
Sustainability Statement
The report details BASF's sustainability performance for the 2024 fiscal year, highlighting the launch of its 'Winning Ways' strategy focused on enabling customers' green transformation. The company conducted its first double materiality assessment in accordance with ESRS, identifying key impacts in climate change, pollution, and workforce management. BASF achieved a 22.4% reduction in Scope 1 and 2 emissions compared to its 2018 baseline and increased its renewable electricity share to 26%. A new circular economy target aims for €10 billion in sales from 'Loop Solutions' by 2030. Despite progress, the company reported two fatal work-related injuries involving contractors and is addressing challenges in sourcing certified palm kernel oil.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Mar 17, 2025
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women in Management
Workplace Fatalities
Net Zero Target
Employees