BASF

InfluenceMap Score
E+
Performance Band
35%
Organisation Score
36%
Relationship Score
Modifications to InfluenceMap Scoring
Sector:
Chemicals
Head​quarters:
Ludwigshafen, Germany
Brands and Associated Companies
Wintershall Holding
Official Web Site:
Wikipedia:

BASF appears not to be supportive of ambitious climate policy and regulation as proposed by relevant regulatory authorities at the European Commission and European national levels. Whilst CEO Kurt Bock has advocated in favour of globally coordinated action on climate change, including support for the UN Climate Treaty, the company appears not to support unilateral policy ambition in Europe, having previously repeatedly expressed concerns about the impact of the EU GHG emission targets on competitiveness. BASF appears to have opposed reform of the EU Emissions Trading Scheme in a 2014 letter to the then President of the European Commission and has advocated the need for free emission allowance allocation for industry. BASF has also opposed measures to raise the carbon price at the national level in Europe, directly advocating in 2016 for the abolition of the UK Carbon Price Floor. In a 2016 consultation with EU policymakers, BASF advocated for exemptions for sectors covered by the EU ETS from measures related to the EU energy efficiency directive. Messaging from BASF leadership has also stressed the negative impact of renewable energy policies on European energy prices and, in 2017, particularly opposed German energy transition policy. Alternatively the company has stated support for fracking as a substitution of coal to lower GHG emissions, also calling for policy to support increased unconventional oil and gas production in Germany. BASF executives have senior leadership roles in a number of trade associations that do not appear to be supporting climate change policies, notably the US National Association of Manufacturers and the CEFIC in Europe.

QUESTIONS SOURCES Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures EU Register
Climate Science Transparency 1 2 NS NS NS NS NS NA
Climate Science Stance 0 1 NA -1 1 0 -1 NA
Need for climate regulations NS 0 NA -1 NS -1 NS NA
UN Treaty Support 2 1 NA -1 NS 0 NS NA
Transparency on Legislation -2 NA 1 NA NA NA NS 2
Carbon Tax NS NS NS -2 -2 -1 NS NA
Emissions Trading NS -1 -1 0 0 NS 0 NA
Energy Efficiency Standards 0 0 0 -1 -1 -1 NS NA
Renewable Energy Legislation NS -1 -1 -2 -1 -1 NS NA
Energy Policy and Mix 0 0 -1 -1 -1 0 -1 NA
GHG Emission Standards 0 -1 NS -1 -1 -1 NS NA
Disclosure on Relationships 1 NS 1 NA NA NA NS 1
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
16%
 
16%
 
40%
 
40%
 
40%
 
40%
 
35%
 
35%
 
37%
 
37%
 
32%
 
32%
 
37%
 
37%
 
29%
 
29%
 
40%
 
40%

AUM

AUM stands for "Assets Under Management" and is the key metric for gauging the size of an Asset Manager or Asset Owner or Listed Fund. It is measured in US$ or other currency. We note that the AUM numbers for Listed Funds are necessarily highly accurate as these are instruments traded on financial markets. AUM numbers for Asset Managers and Asset Owners rely on disclosures by the entities concerned and the accuracy of these AUM numbers varies with region and entity. It may also be effectively out of date as disclosure may be on a quarterly or even annual basis.