BASF — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2025· 2 events
The Net Zero Accelerator unit, which had focused on emissions reduction projects since 2022, was dissolved as of January 1, 2025. Activities integrated into existing divisions and service units.
sustainability_report p.184
On February 17, 2025, BASF announced sale of Brazilian decorative paints business (part of Coatings division) to Sherwin-Williams for $1.15 billion. Business generated ~€485m sales in 2024 with ~1,000 employees.
sustainability_report p.86
2024· 24 events
BASF acquired 49% of shares in Vattenfall's Nordlicht 1 and 2 wind farm projects in the German North Sea. Total installed capacity 1.6 GW. Purchase price €501m. BASF will use ~half the electricity to supply European production sites, particularly Ludwigshafen.
sustainability_report p.36
The 2023 figure for target-relevant Scope 1+2 emissions was adjusted from 17.0 to 16.975 million metric tons of CO2e to reflect updated data.
sustainability_report p.195
Following statutory rotation requirements, Deloitte GmbH Wirtschaftsprüfungsgesellschaft was elected as new auditor for the 2024 fiscal year, replacing KPMG which had reached the maximum audit period under the Financial Market Integrity Strengthening Act.
sustainability_report p.140
Previous target was 80% of suppliers improve sustainability performance upon reevaluation. Revised to focus on suppliers with inadequate prior results: by 2030, 80% of such suppliers should improve. 2024 figure: 76%.
sustainability_report p.31
BASF acquired one of the two MDI plants plus aniline/nitrobenzene precursor plants from the Shanghai Lianheng Isocyanate JV with Huntsman. Purchase price €192m.
sustainability_report p.344
The 2022 Scope 3.1 baseline was adjusted in line with TfS Guideline due to availability of further primary data under the Supplier CO2 Management Program. The 2023 figure (1.67 kg CO2/kg) was also adjusted due to increased data availability.
sustainability_report p.31
BASF announced new Winning Ways strategy in September 2024 with differentiation between core businesses (Chemicals, Materials, Industrial Solutions, Nutrition & Care) and standalone businesses (Surface Technologies, Agricultural Solutions). Focus on capital discipline with capex reduced from €19.5bn (2024-2027) to €16.2bn (2025-2028).
sustainability_report p.18
BASF achieved leadership status with A- rating on CDP Water in 2024, recognizing transparent water management reporting and risk reduction efforts.
sustainability_report p.225
BASF participated in CDP Forests evaluation in 2024 and achieved A- grade, again attaining leadership status. Assessment based on palm value chain transparency and ecosystem activities.
sustainability_report p.240
BASF targets 25% reduction in Scope 1+2 CO2 emissions by 2030 vs 2018 baseline of 21.9 million tonnes (to 16.4 million tonnes). Long-term net-zero target by 2050 covering Scope 1, 2 and 3.1.
sustainability_report p.194
BASF maintains global position on forest protection and BASF Palm Sourcing Policy committed to No Deforestation, No Peat, No Exploitation (NDPE). Member of RSPO since 2004. 98.1% certified palm oil/palm kernel oil in 2024 (target: 100%). Will adapt position in 2025 to incorporate EU Deforestation Regulation (EUDR).
sustainability_report p.240
BASF supports the UN Sustainable Development Goals. Activities particularly highlighted include SDG 2 (Zero hunger), SDG 4 (Quality education), SDG 15 (Life on land), with broader contributions to climate neutrality.
sustainability_report p.314
Target to reduce specific Scope 3.1 emissions by 15% by 2030 from 2022 base of 1.64 kg CO2/kg purchased raw materials to 1.39 kg/kg. 2024 actual: 1.58 kg/kg.
sustainability_report p.195
BASF pursues a make-and-buy renewables approach. In 2024 raised renewable electricity share to 26% (2023: 20%) of total electricity, targeting >60% by 2030. Hollandse Kust Zuid 1.5GW offshore wind farm (JV with Vattenfall and Allianz) fully operational summer 2024. Agreed 49% stake in Vattenfall's Nordlicht 1&2 (1.6GW combined, construction from 2026, operational 2028) to supply European sites incl. Ludwigshafen. JV with Mingyang for 500MW offshore wind farm in Zhanjiang (operational end-2025). Zhanjiang Verbund site supplied 100% renewable electricity from 2025 via SPIC and GEDI 25-year PPAs. Long-term green power PPAs across China, South Korea sites. ~150MW solar PPA capacity in North America via virtual PPAs. NAS battery storage at Schwarzheide.
sustainability_report p.189
BASF expects a residual share of unabatable emissions in 2050 and aims to offset all remaining emissions through high-quality nature-based and technical removals (DAC, BECCS, biochar, carbon farming). Planning to use ratings such as BeZero and Sylvera, and ICVCM Core Carbon Principles. Developing internal standards and considering own projects, potentially under European Carbon Removal and Carbon Farming Certification Framework (CRCF). Will likely use a portfolio mix including Verra, Gold Standard, Article 6 credits and CRCF. BASF did not use any carbon credits in the past business year. Also exploring carbon capture and storage (CCS) at Antwerp (Kairos@C project, potentially preventing up to 1 million metric tons CO2/year).
sustainability_report p.197
Continuously improving plant efficiency through certified ISO 50001 energy management systems. In 2024 implemented >450 measures reducing emissions by ~200,000 metric tons CO2. Examples: Antwerp site prevented >45,000 tCO2/year through process optimization; Yeosu (South Korea) reduced 9,000 tCO2/year via heat integration; Camaçari (Brazil) cut 5,000 tCO2/year. Potential reduction up to 0.6 million tonnes CO2 (primarily Scope 1) by 2030.
sustainability_report p.190
Renewable energy lever can reduce Scope 2 emissions by up to 3.2 million metric tons CO2 by 2030. Half of Scope 1+2 emissions are from energy production. BASF Renewable Energy GmbH coordinates procurement. In 2024 reduced ~1 million metric tons CO2 through renewable electricity. Carbon footprint of purchased electricity: ~0.20 tCO2/MWh market-based.
sustainability_report p.189
BASF received funding approval from German BMWK for world's largest industrial heat pump at Ludwigshafen (up to 500,000 metric tons steam/year, reducing up to 100,000 tCO2/year), operational 2027. Exploring geothermal partnership with Vulcan Energy in Upper Rhine Graben (potential 300MW thermal, ~800,000 tCO2 avoidance). 25MW power-to-heat electrode boiler with 50Hertz at Schwarzheide operational end-2026. Lever offers up to 0.6 million tonnes CO2 reduction (Scope 1) by 2030.
sustainability_report p.191
Launched 2021 to obtain transparency on raw materials-related emissions. Requested PCFs from >1,900 suppliers covering ~80% of raw materials-related GHG emissions; validated PCFs for >1,700 raw materials (~30% coverage of GHG emissions). Phase 2 launched 2024 to agree PCF reduction pathways with suppliers via BASF Supplier Days in Ludwigshafen and São Paulo. Long-term biomethane contract with ENGIE for Antwerp and Ludwigshafen Verbund sites. Industry-wide PCF data sharing via TfS-Siemens platform launched October 2024.
sustainability_report p.192
TripleS methodology assesses >50,000 products by sustainability performance, categorizing as Pioneer, Contributor, Standard, Monitored, Challenged. By 2030 target: >50% of TripleS-relevant sales from Sustainable-Future Solutions. 2024 achieved 46.3% (2023: 41.4%). Challenged products phased out within 5 years of classification. Examples include reduced-PCF Ultramid ZeroPCF, AdBlue ZeroPCF, biodegradable polymers.
sustainability_report p.161
Commissioned demonstration electric steam cracker furnace at Ludwigshafen with SABIC and Linde in 2024, could reduce process emissions by 90%+. PEM electrolyzer (54MW) at Ludwigshafen with Siemens Energy, operational March 2025, producing up to 8,000 metric tons emission-free hydrogen/year (~72,000 tCO2/year). Methane pyrolysis test plant ongoing. Partnership with Envision Energy for e-methanol. Antwerp@C/Kairos@C CCS project could prevent up to 1 million tCO2/year. Potential 1.1 million tonnes CO2 reduction by 2030 from climate-smart technologies lever.
sustainability_report p.192
BASF introduced a new circular economy target in 2024: By 2030, achieve €10 billion in sales with Loop Solutions (products that close/extend material loops). Sales with Loop Solutions stood at €5.7 billion in 2024.
sustainability_report p.32
Use of bio-based and recycled feedstocks fed into existing Verbund plants via mass balance approach (REDcert2, ISCC PLUS certified). ChemCycled products use pyrolysis oil from used tires and mixed plastics. In 2024 expanded mass balance portfolio incl. Ccycled automotive refinish coatings and biomass balanced products. New Loop Solutions target: €10bn sales by 2030 (2024: €5.7bn). Long-term partnership with Encina Development Group for chemically recycled benzene.
sustainability_report p.250
On September 3, 2024, BASF completed the sale of Wintershall Dea's exploration and production business (excluding Russia activities) to Harbour Energy plc. BASF received $1.29bn cash plus 39.6% shareholding in expanded Harbour Energy. Disposal gain before taxes: €390m.
sustainability_report p.36