BASF CTA Update

Planet Tracker’s latest analysis reveals critical gaps in BASF’s climate transition strategy. Whilst the company may be on track for a 2°C pathway by 2030, significant challenges remain to achieve the more ambitious 1.5°C target.

Between 2019 and 2023, BASF reduced GHG emissions by 14%, with a further 22% decline projected by 2030, though emissions from its Verbund site in China may offset progress. Governance remains a challenge, with no dedicated sustainability committee and limited emissions reduction reporting. BASF also lacks transparency on non-German climate impacts and alignment with EU Taxonomy criteria. Delayed electrification and the absence of a post-2030 roadmap raise concerns about the company’s long-term ability to
meet Paris Agreement targets.

To align with a 1.5°C pathway by 2030, BASF must report emissions mitigated per financed project, establish a dedicated sustainability committee for stronger oversight, and improve disclosures on value chain emissions and the impact of new facilities.