We work continuously to further reduce emissions from our production. We have set ourselves ambitious quantitative goals to this end.
On our journey toward climate neutrality, we have set ourselves ambitious goals and are striving worldwide to achieve net zero CO2 emissions1 by 2050.
In addition, we want to reduce our greenhouse gas emissions worldwide by 25 % by 2030 compared with 2018 – and to achieve this despite targeted growth and the construction of a large Verbund site in South China. Excluding the effects of the planned growth, this means cutting CO2 emissions in half in the current business by the end of this decade.
In 2018, BASF Group’s worldwide emissions amounted to 21.9 million metric tons of CO2 equivalents. In 1990, this figure was roughly twice as high. The new 2030 emissions goal represents a reduction of approximately 60 % compared to 1990 levels, which exceeds the European Union’s target of minus 55 %.
At the heart of the long-term transition toward net zero CO2 emissions by 2050 is the use of new technologies, which will replace fossil fuels such as natural gas with electricity from renewable sources. Most of these technologies are being pioneered by BASF in collaboration with partners and are currently in a pilot stage. Broad scaleup of these technologies will only be fully realizable after 2030. In order to accelerate the avoidance of CO2 emissions prior to that date, BASF also continues to systematically implement continuous improvement processes for existing production plants. In addition, BASF will progressively switch to renewable sources to meet its electricity needs and intends to invest in wind parks to facilitate this.
1 The goal includes Scope 1 and Scope 2 emissions. Other greenhouse gases are converted into CO2 equivalents according to the Greenhouse Gas Protocol.