(IN BRIEF) BASF has unveiled a new digital application called “MyCarbonFootprint” aimed at providing customers with an improved understanding of the sustainability status of their product portfolio purchased from BASF. This application helps customers identify BASF solutions that align with their sustainability objectives, particularly concerning CO2 reduction and the utilization of renewable raw materials. “MyCarbonFootprint” contains data on over 700 selected large-volume BASF products, such as pharma ingredients, amino resins, butanediol, and more. The app calculates the cradle-to-gate product carbon footprint (PCF) and the share of renewable raw materials used, offering customized insights based on each customer’s purchasing portfolio. By using this tool, customers can explore ways to optimize their carbon footprint and increase the use of renewable materials in their value chain, ultimately contributing to their sustainability goals.
(PRESS RELEASE) LUDWIGSHAFEN, 22-Sep-2023 — /EuropaWire/ — BASF has released a new digital application designed to help customers gain a better overview of the sustainability status of the product portfolio they purchase from BASF. It also helps customers identify the best BASF solutions to reach their sustainability targets with regard to CO2 reduction and/or use of renewable raw materials. The app called “MyCarbonFootprint” contains data on over 700 selected large volume BASF products, including pharma ingredients, amino resins, butanediol and derivatives, acids, polyalcohols, acetylenics, carbonyl derivatives and amines. It is initially available to certain BASF customers who purchase products included in MyCarbonFootprint. Currently, more than 50 customers are already using the app.
Customized overview for each customer
MyCarbonFootprint informs customers about the individual cradle-to-gate product carbon footprint (PCF) of the BASF products they purchase.2 The app furthermore indicates the share of renewable raw materials used in the manufacture of these products. The data is presented in a customized way for each customer: Depending on the purchased quantities of a selected product, MyCarbonFootprint calculates the CO2 emissions, the product carbon footprint and the share of renewable raw materials according to the respective customer’s purchasing portfolio at BASF.
Optimizing the carbon footprint and renewable raw material share
With the help of MyCarbonFootprint, customers can determine how adjustments in their purchasing portfolio affect their sustainability status in terms of CO2 emissions and the use of renewable raw materials.
For example, MyCarbonFootprint calculates the potential reduction in CO2 emissions when a product variant with a lower carbon footprint is selected instead of the previously purchased product. MyCarbonFootprint also shows BASF customers various alternatives to increase the proportion of renewable raw materials in the value chain by choosing a suitable product variant.
“We developed MyCarbonFootprint to create the transparency that our customers need to pursue their CO2 emission reduction goals and to select the best sustainable product variants from the BASF portfolio to achieve their desired sustainability positioning,” explains Niels Möller, Global Strategic Marketing, Operating Division Intermediates, BASF. A team led by Möller invented the innovative IT tool and developed it to market maturity.
BASF portfolio offers various sustainable product variants
MyCarbonFootprint provides an overview of the various sustainable product variants from the BASF portfolio. BASF customers can for example reduce their CO2 emissions by using BASF’s low-PCF products. These products have a significantly reduced product carbon footprint based on a specific customer request or compared to a reference value. The low-PCF portfolio includes, among others, bio-based or biomass balanced products (BMB), which can help customers achieve CO2 emission reductions compared with fossil standard products. In some cases, BASF additionally offers net-zero products, which have a PCF of zero or less than zero.3
Switching to BMB products is also an easier way for customers to increase the share of renewable raw materials in the value chain. In the BMB approach, BASF feeds renewable raw materials into its Verbund in the very first steps of chemical production. A corresponding share of these raw materials is then attributed to specific sales products by means of a certified mass balance method. Certification of BASF’s biomass balanced products is carried out according to recognized standards like REDcert2 or ISCC PLUS4. Being identical in quality and properties to fossil standard products, biomass balanced products are “drop-in” solutions. Customers can use them without having to adapt their existing manufacturing processes.
Video about “MyCarbonFootprint”: “MyCarbonFootprint”: BASF dashboard enables customers to procure sustainably. – YouTube
1 Physical or attributed via a certified biomass balance approach.
2 The product carbon footprint (PCF) values displayed in MyCarbonFootprint come from a digital PCF calculation solution and methodology developed by BASF. BASF’s PCF calculations follow the requirements and guidance given by ISO 14067:2018. In a methodology review, TÜV Rheinland has certified that BASF’s PCF calculation solution and methodology is scientifically-based, is in accordance with ISO 14067:2018 and reflects the state of the art (ID-Nr. 0000080389; BASF SE – Certipedia).
3 The product carbon footprint (PCF) of BASF’s net-zero products is zero or lower than zero in a cradle-to-gate assessment. For example, if biomass is used in the production of products, the carbon bound in the biomass reduces the cradle-to-gate PCF. The originally determined PCF can be reduced to zero or even below zero by including the biogenic carbon of the product. The calculation does not include downstream value chain emissions such as transportation emissions from factory gate to customer, emissions from further processing and the end-of-life emissions (e.g., from waste treatment). In general, the calculation of the cradle-to-gate PCF excludes the use of external compensation measures.
4 REDcert2 and ISCC PLUS are standards for the use of sustainable biomass as raw material in the chemical industry. Regarding BASF’s biomass balance approach, certification according to these standards confirms that the biomass used is sustainable and has been fed into the production Verbund in the required amount. It also confirms that the sustainable biomass has been correctly attributed to the corresponding sales products. The certifications are awarded on the basis of on-site audits conducted by independent auditors.
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €87.3 billion in 2022. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.
Media Contact:
Klaus-Peter Rieser
Global Communication Intermediates
+49 621 60-95138
mailto:klaus-peter.rieser@basf.com
SOURCE: BASF
MORE ON BASF, ETC.:
- Unlocking the Multi-Million-Dollar Opportunities in Quantum Computing
- Digi Communications N.V. Announces the Conclusion of Facilities Agreements by Companies within Digi Group
- The Hidden Gem of Deep Plane Facelifts
- KAZANU: Redefining Naturist Hospitality in Saint Martin ↗️
- New IDTechEx Report Predicts Regulatory Shifts Will Transform the Electric Light Commercial Vehicle Market
- Almost 1 in 4 Planes Sold in 2045 to be Battery Electric, Finds IDTechEx Sustainable Aviation Market Report
- Digi Communications N.V. announces the release of Q3 2024 financial results
- Digi Communications NV announces Investors Call for the presentation of the Q3 2024 Financial Results
- Pilot and Electriq Global announce collaboration to explore deployment of proprietary hydrogen transport, storage and power generation technology
- Digi Communications N.V. announces the conclusion of a Memorandum of Understanding by its subsidiary in Romania
- Digi Communications N.V. announces that the Company’s Portuguese subsidiary finalised the transaction with LORCA JVCO Limited
- Digi Communications N.V. announces that the Portuguese Competition Authority has granted clearance for the share purchase agreement concluded by the Company’s subsidiary in Portugal
- OMRON Healthcare introduceert nieuwe bloeddrukmeters met AI-aangedreven AFib-detectietechnologie; lancering in Europa september 2024
- OMRON Healthcare dévoile de nouveaux tensiomètres dotés d’une technologie de détection de la fibrillation auriculaire alimentée par l’IA, lancés en Europe en septembre 2024
- OMRON Healthcare presenta i nuovi misuratori della pressione sanguigna con tecnologia di rilevamento della fibrillazione atriale (AFib) basata sull’IA, in arrivo in Europa a settembre 2024
- OMRON Healthcare presenta los nuevos tensiómetros con tecnología de detección de fibrilación auricular (FA) e inteligencia artificial (IA), que se lanzarán en Europa en septiembre de 2024
- Alegerile din Moldova din 2024: O Bătălie pentru Democrație Împotriva Dezinformării
- Northcrest Developments launches design competition to reimagine 2-km former airport Runway into a vibrant pedestrianized corridor, shaping a new era of placemaking on an international scale
- The Road to Sustainable Electric Motors for EVs: IDTechEx Analyzes Key Factors
- Infrared Technology Breakthroughs Paving the Way for a US$500 Million Market, Says IDTechEx Report
- MegaFair Revolutionizes the iGaming Industry with Skill-Based Games
- European Commission Evaluates Poland’s Media Adherence to the Right to be Forgotten
- Global Race for Autonomous Trucks: Europe a Critical Region Transport Transformation
- Digi Communications N.V. confirms the full redemption of €450,000,000 Senior Secured Notes
- AT&T Obtiene Sentencia Contra Grupo Salinas Telecom, Propiedad de Ricardo Salinas, Sus Abogados se Retiran Mientras Él Mueve Activos Fuera de EE.UU. para Evitar Pagar la Sentencia
- Global Outlook for the Challenging Autonomous Bus and Roboshuttle Markets
- Evolving Brain-Computer Interface Market More Than Just Elon Musk’s Neuralink, Reports IDTechEx
- Latin Trails Wraps Up a Successful 3rd Quarter with Prestigious LATA Sustainability Award and Expands Conservation Initiatives ↗️
- Astor Asset Management 3 Ltd leitet Untersuchung für potenzielle Sammelklage gegen Ricardo Benjamín Salinas Pliego von Grupo ELEKTRA wegen Marktmanipulation und Wertpapierbetrug ein
- Digi Communications N.V. announces that the Company’s Romanian subsidiary exercised its right to redeem the Senior Secured Notes due in 2025 in principal amount of €450,000,000
- Astor Asset Management 3 Ltd Inicia Investigación de Demanda Colectiva Contra Ricardo Benjamín Salinas Pliego de Grupo ELEKTRA por Manipulación de Acciones y Fraude en Valores
- Astor Asset Management 3 Ltd Initiating Class Action Lawsuit Inquiry Against Ricardo Benjamín Salinas Pliego of Grupo ELEKTRA for Stock Manipulation & Securities Fraud
- Digi Communications N.V. announced that its Spanish subsidiary, Digi Spain Telecom S.L.U., has completed the first stage of selling a Fibre-to-the-Home (FTTH) network in 12 Spanish provinces
- Natural Cotton Color lancia la collezione "Calunga" a Milano
- Astor Asset Management 3 Ltd: Salinas Pliego Incumple Préstamo de $110 Millones USD y Viola Regulaciones Mexicanas
- Astor Asset Management 3 Ltd: Salinas Pliego Verstößt gegen Darlehensvertrag über 110 Mio. USD und Mexikanische Wertpapiergesetze
- ChargeEuropa zamyka rundę finansowania, której przewodził fundusz Shift4Good tym samym dokonując historycznej francuskiej inwestycji w polski sektor elektromobilności
- Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity
- Digi Communications NV announces the release of H1 2024 Financial Results
- Digi Communications N.V. announces that conditional stock options were granted to a director of the Company’s Romanian Subsidiary
- Digi Communications N.V. announces Investors Call for the presentation of the H1 2024 Financial Results
- Digi Communications N.V. announces the conclusion of a share purchase agreement by its subsidiary in Portugal
- Digi Communications N.V. Announces Rating Assigned by Fitch Ratings to Digi Communications N.V.
- Digi Communications N.V. announces significant agreements concluded by the Company’s subsidiaries in Spain
- SGW Global Appoints Telcomdis as the Official European Distributor for Motorola Nursery and Motorola Sound Products
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2023 financial year
- Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2023, as approved by the Company’s Ordinary General Shareholders’ Meetings from 18th May 2021 and 28th December 2022
- Digi Communications N.V. announces the granting of conditional stock options to Executive Directors of the Company based on the general shareholders’ meeting approval from 25 June 2024
- Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2023 Annual Report
- Czech Composer Tatiana Mikova Presents Her String Quartet ‘In Modo Lidico’ at Carnegie Hall
- SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests
- WickedBet Unveils Exciting Euro 2024 Promotion with Boosted Odds
- Museum of Unrest: a new space for activism, art and design
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group
- Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company
- Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026
- Digi Communications N.V. reports consolidated revenues and other income of EUR 447 million, adjusted EBITDA (excluding IFRS 16) of EUR 140 million for Q1 2024
- Digi Communications announces the conclusion of Facilities Agreements by companies from Digi Group
- Digi Communications N.V. Announces the convocation of the Company’s general shareholders meeting for 25 June 2024 for the approval of, among others, the 2023 Annual Report
- Digi Communications NV announces Investors Call for the presentation of the Q1 2024 Financial Results
- Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024
- Digi Communications N.V. announces the availability of the Romanian version of the 2023 Annual Report
- Digi Communications N.V. announces the availability of the 2023 Annual Report
- International Airlines Group adopts Airline Economics by Skailark ↗️
- BevZero Spain Enhances Sustainability Efforts with Installation of Solar Panels at Production Facility
- Digi Communications N.V. announces share transaction made by an Executive Director of the Company with class B shares
- BevZero South Africa Achieves FSSC 22000 Food Safety Certification
- Digi Communications N.V.: Digi Spain Enters Agreement to Sell FTTH Network to International Investors for Up to EUR 750 Million
- Patients as Partners® Europe Announces the Launch of 8th Annual Meeting with 2024 Keynotes and Topics
- driveMybox continues its international expansion: Hungary as a new strategic location
- Monesave introduces Socialised budgeting: Meet the app quietly revolutionising how users budget
- Digi Communications NV announces the release of the 2023 Preliminary Financial Results
- Digi Communications NV announces Investors Call for the presentation of the 2023 Preliminary Financial Results
- Lensa, един от най-ценените търговци на оптика в Румъния, пристига в България. Първият шоурум е открит в София
- Criando o futuro: desenvolvimento da AENO no mercado de consumo em Portugal
- Digi Communications N.V. Announces the release of the Financial Calendar for 2024
- Customer Data Platform Industry Attracts New Participants: CDP Institute Report
- eCarsTrade annonce Dirk Van Roost au poste de Directeur Administratif et Financier: une décision stratégique pour la croissance à venir
- BevZero Announces Strategic Partnership with TOMSA Desil to Distribute equipment for sustainability in the wine industry, as well as the development of Next-Gen Dealcoholization technology
- Editor's pick archive....