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The Business Case for Sustainable Development

What sustainable development means to BASF is combining economic success with environmental protection and social responsibility.  Economics, Environment and Society are the three pillars of sustainable development, and it is considered an economic best practice to make business strategy and public health policy decisions that result in the long-term balance of the three sustainability pillars.

As an integral component of a decision-making process, Sustainable Development:

  • Drives innovations in chemistry that improve the quality of life.
  • Presents market opportunities for eco-efficient products and practices that result in long-term profitable performance.
  • Promotes the utilization of natural resources that meets the needs of the present while ensuring that the needs of future generations are met.

BASF’s Eco-Efficiency Analysis and Total Cost of Ownership studies are two tools that BASF uses to quantitatively measure the economic and environmental pillars to address of broad range of value chain drivers, such as reducing material consumption, while improving energy efficiencies.

Sustainability allows BASF to continue to earn the trust of our stakeholders and extend our license to operate, while providing long-term success for ourselves and our customers. At BASF, we are committed to shaping a sustainable future.
 

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