BASF Features Sustainable Development Tool At Conference; Highlights Corporate Measures to Minimize Environmental Impact and Add Value.Business Editors SAN DIEGO--(BUSINESS WIRE)--June 26, 2001 BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida today presented highlights of its strategic lifecycle tool, "eco-efficiency analysis", demonstrating the company's commitment to innovation and sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union worldwide. The tool, used to evaluate new and existing products and production processes in order to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. those that are most environmentally sound and economically efficient, was discussed with representatives of environmental, trade, and business organizations at the Bio 2001 Conference by BASF's President of Environment, Safety, and Energy Division, Dr. Walter Seufert. Introduced in 1996, eco-efficiency analysis has allowed BASF to develop a more competitive edge in markets characterized by customer demands for improved environmental and performance attributes from their suppliers' products and production processes. Eco-efficiency analysis assesses the life cycle of a product or manufacturing process from "cradle to grave. It addresses the environmental impact of products used by BASF as well as raw materials manufactured by others. The analysis also investigates the consumption behavior of end-users and various recycling and disposal options. In assessing environmental impacts, six categories are examined, including raw materials consumption, energy consumption, air and water emissions and disposal methods, potential toxicity and risks, and land use. BASF's model has been applied to over 100 products and services across a variety of areas, ranging from asphalt microsurfacing to nylon in commercial carpeting and automotive coatings. Eco-efficiency analysis is utilized to assess comparative products/processes as well as aid in corporate decisions of the highest level, including capital investments and acquisitions. By employing eco-efficiency analysis to trace the product/process lifecycle and address the environmental impact of materials used, the company has been able to improve the quality of the products it supplies to its customers. Speaking to Bio Conference attendees, Dr. Seufert remarked, "Eco-efficiency analysis is about fulfilling the goals of sustainable development by starting with decisions about what we produce and how we produce it." He added, "While it is important for today's analysis, this tool allows us to look into the future and exploit new economic and ecological developments." BASF is a transnational chemical company that aims to increase and sustain its corporate value through growth and innovation. The company's product range includes high-value chemicals, plastics, colorants and pigments, dispersions, automotive and industrial coatings, agricultural products and fine chemicals as well as crude oil and natural gas. BASF's approach to integration, known in German as "Verbund," is one of its particular strengths, ensuring cost leadership and a unique competitive advantage. With sales of about Euro 36 billion (approximately $34 billion) and a workforce of 103,000 employees in 2000, BASF is one of the world's leading chemical companies. BASF acts in accordance with the principles of Sustainable Development. BASF shares are traded on the stock exchanges in Frankfurt (BAS BAS abbr. 1. Bachelor of Agricultural Science 2. Bachelor of Applied Science ), London (BFA BFA abbr. Bachelor of Fine Arts BFA abbr BFA, B.F.A Bachelor of Fine Arts; first degree in Fine Arts. ) and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (BF). The company's Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. is www.basf.com. About BASF Corporation Based in Mount Olive Mount Olive is the name of several places: United States of America Cities and towns
named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. affiliate of BASF AG BASF AG German chemical and plastics manufacturing company. Founded in 1865, BASF (the full German name means “Baden Aniline and Soda Factory”) was part of the chemical cartel IG Farben from 1925 until 1945, when the latter was dissolved by the Allies. (Ludwigshafen, Germany). BASF Corporation had sales of $7.9 billion in 2000. "We don't make a lot of the products you buy. We make a lot of the products you buy better(R)" summarizes BASF's diverse product mix including chemicals, polymers, automotive and industrial coatings, colorants, vitamins, nylon fibers and agricultural products. BASF in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. employs more than 15,000 people at more than 50 locations. BASF Corporation can be found on the Internet at www.basf-corp.com. The slogan is a registered trademark of BASF Corporation. |
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