Operating companies such as BASF, Eastman Chemical, Amcor and Dow Chemical are benefiting from using sustainability metrics to meet the challenge of improving products and processes.
“Though a number of different measurement and valuation methods exist for sustainability, most of them are focused exclusively on ecological aspects, i.e., impact on climate, forest decline or water. However, methods developed on that basis reflect only a small part of what sustainability is all about: balancing environment, society and economics. The aim of BASF’s analysis methods is therefore to quantify corresponding aspects,” says a spokesman for the Ludwigshafen, Germany-based company.
This was the driving force behind BASF’s new sustainable solution steering method that is used to systematically review and evaluate the sustainability aspects of its product portfolio.