MOSCOW (MRC) -- BASF has been again included in the Dow Jones Sustainability World Index (DJSI World), as per the company's press release.
The company has been especially recognized for its engagement in the areas eco-efficiency, environmental reporting, labor practice and human rights. The DJSI World is one of the most renowned sustainability indices and represents the top 10% of the largest 2,500 companies included in the Dow Jones Global Index.
The BASF share is included in the DJSI World for the 14th consecutive year. The listed companies have to demonstrate continuous improvement every year with regards to sustainability and are assessed by analysts fromasset manager RobecoSAM.
As MRC wrote before, in order to better help its customers align environmental and societal aspects with business success, BASF has recnetly developed a new process for steering its portfolio based on sustainability criteria. The Sustainable Solution Steering method is used to systematically review and evaluate the sustainability aspects of the approximately 50,000 relevant product applications in the company’s portfolio, which represent sales of EUR56 billion.
Besides, in July 2014, BASF Shanghai Coatings Co., Ltd. inaugurated its new automotive coatings plant at the Shanghai Chemicail Industry Park in Shanghai, China. The expansion of its automotive coatings production capacity with an investment of around EUR50 million further strengthens BASF’s presence in China and its position as a leading coatings supplier to the automotive industry.
BASF is the world’s leading chemical company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. BASF had sales of about EUR74 billion in 2013 and over 112,000 employees as of the end of the year.
MRC