Dec '15
The German Sustainability Award recognises companies which make significant contributions to sustainable development on a national and international basis.
A BASF press release stated that Margret Suckale, member of the board of executive directors of BASF SE, accepted the award on behalf of the company.
“The award is a confirmation as well as a great motivation for us. As the world's leading chemical company, we have been working for economic success, environmental protection and social responsibility,” said Suckale.
“It is our aspiration to use our natural resources as sparingly as possible as the needs we have on food, clothing, housing, technology and much more are growing every day, but the planet's resources are ?nite,” she added.
“With this decision, the jury recognised BASF's Verbund concept that has set the benchmark in the chemical industry for resource and energy efficiency for decades,” BASF stated.
According to BAF, Verbund facilitates an efficient use of energy in production and the heat produced in one production facility can be re-used as energy in other plants.
In addition to the recognition for efficient raw material and energy use, the development of innovative business models for sustainability like the 'mass balance' method, was acknowledged by the jury.
This method uses renewable raw materials from the very beginning of the value chain in the existing Production Verbund and savings of fossil resources are calculated for each product.
BASF was also nominated in the category 'Most Sustainable Large Companies' and was among the three leading companies. (AR)
Fibre2Fashion News Desk – India
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