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Germany : BASF acknowledged as global leader in water management.

BASF is one of the worlds leading companies in sustainable water management and has been included in the CDP Water A list for the first time. The international non-profit organization CDP (formerly Carbon Disclosure Project) announced its latest results at the CDP Global Water Forum held in Morocco on November 15. CDP works with institutional investors with assets of US$100 trillion.

Of the 607 rated companies, just 24 received an A rating, including BASF. The CDP assessment for sustainable water management evaluates how transparently companies report on their water management activities and how they reduce risks such as water scarcity. Further, CDP assesses the extent to which product developments can contribute to sustainable water management on behalf of the rated companies customers.

Efficient water use and the development of sustainable solutions for local water problems are important elements of BASFs water stewardship strategy. Here, BASF cooperates with other local water users, such as municipalities and companies operating in the same river basin district.

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Publication:Mena Report
Date:Nov 17, 2016
Words:177
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