BASF receives German Sustainability Award for resource efficiency

BASF was presented with the Special Award “Resource Efficiency” at the ceremony for the German Sustainability Award 2015 on November 27. With this decision, the jury recognized BASF’s Verbund concept that has set the benchmark in the chemical industry for resource and energy efficiency for decades. In addition to the recognition for efficient raw material and energy use, the development of innovative business models for sustainability, for example, 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. 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. The German Sustainability Award recognizes companies which make significant contributions to sustainable development on a national and international basis.