BASF (BAS) – Climate Transition Analysis

Emissions, Petrochemicals, Chemicals, Shareholder Engagement

An analysis of German multinational chemicals company, BASF, in July 2023 found that the company was failing to meet its stated climate goals of Net Zero emissions by 2050 and was instead relying on unproven future technologies. While the company has announced plans to target Scope 1 and 2 emissions, it had no target for Scope 3, those produced indirectly along supply chains, which account for nearly 83% of its emissions.

UPDATE: By February 2024, BASF provided additional data showing positive changes in the company’s climate transition plans.

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