BASF's corporate social responsibility recognized

Citation

(2007), "BASF's corporate social responsibility recognized", Pigment & Resin Technology, Vol. 36 No. 3. https://doi.org/10.1108/prt.2007.12936cab.008

BASF's corporate social responsibility recognized

BASF's corporate social responsibility recognized

BASF Aktiengesellschaft has received recognition for its corporate social responsibility. The chemical company achieved the number one position in the Good Company Ranking presented by the German business magazine manager magazine, audit company Deloitte and consultancy Kirchhoff Consult at the World Economic Forum in Davos on Thursday, January 25, 2007. The award honors well-managed, profitable companies that have succeeded in combining a coherent human relations policy with forward-looking environmental and social commitment. According to this ranking, BASF is among the most socially responsible companies in Europe.

In Davos, BASF was again also included in the Global 100 list by the New York research house Innovest for the second year in succession. The Global 100 list comprises the world's most successful companies in the areas of environmental protection, social affairs and corporate governance.

The Responsible Chemical Company

“I am very proud that BASF The Chemical Company is also considered The Responsible Chemical Company,” said Dr Jürgen Hambrecht, Chairman of the Board of Executive Directors of BASF Aktiengesellschaft at the award ceremony in Davos. He went on to thank the entire BASF team, and above all the efforts of fellow Board member Eggert Voscherau, who heads BASF's Sustainability Council. This 10-strong management body approves all important decisions in the area of corporate social responsibility and oversees their implementation worldwide. The Sustainability Council was established in 2001.

“Through our social and environmental activities we want to play a positive role in the way society develops. Our company also benefits from this, since we can only be successful in the long term with the support and trust of our neighbors,” continued Hambrecht. For example, BASF provides a double- digit million euro amount each year in sponsorship and donations in the Rhine- Neckar metropolitan region, where its main Ludwigshafen site is located. Over half of the amount is used to fund educational projects. BASF has also teamed up with more than 40 other German companies in an initiative known as the “Knowledge Factory” that supports projects in schools and kindergartens and promotes young startup companies. In addition to, its efforts in Germany, BASF is also involved in numerous corporate social responsibility projects worldwide.

Independent ranking

The Good Company Ranking is a joint project by manager magazine, the audit company Deloitte and the consultancy Kirchhoff Consult. It involves the independent assessment of the 120 largest companies in Europe in the categories employees, environment, society and profitability.