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Transitioning Towards Net-Zero Emissions While Staying Competitive - Is BASF Capable Of Doing So?

Da Rocha Ferreira, Sofia LU (2024) EOSK12 20241
Department of Economic History
Abstract
The chemical industry stands as a critical player in the global effort to combat climate change and achieve environmental sustainability. As the world is getting closer to crucial temperature thresholds, the need for decarbonisation becomes increasingly urgent. Thus, this paper focuses on BASF as the biggest chemical company in Germany but also globally and the German chemical industry in general, which holds a prominent position in the nation's economy, to explore how it can transition towards net-zero emissions while remaining competitive. By analysing industry data and conducting qualitative interviews with sustainability managers from BASF, this study aims to assess current progress, identify challenges, and propose viable strategies... (More)
The chemical industry stands as a critical player in the global effort to combat climate change and achieve environmental sustainability. As the world is getting closer to crucial temperature thresholds, the need for decarbonisation becomes increasingly urgent. Thus, this paper focuses on BASF as the biggest chemical company in Germany but also globally and the German chemical industry in general, which holds a prominent position in the nation's economy, to explore how it can transition towards net-zero emissions while remaining competitive. By analysing industry data and conducting qualitative interviews with sustainability managers from BASF, this study aims to assess current progress, identify challenges, and propose viable strategies for a sustainable future. Through collaboration and innovation, the German chemical sector can play a leading role in realising climate goals while maintaining its economic strength. Findings indicate that regulations and frameworks set out by the European Commission need to be further developed in order for companies such as BASF to continuously become more sustainable. (Less)
Please use this url to cite or link to this publication:
author
Da Rocha Ferreira, Sofia LU
supervisor
organization
course
EOSK12 20241
year
type
M2 - Bachelor Degree
subject
language
English
id
9170718
date added to LUP
2024-07-29 10:50:19
date last changed
2024-07-29 10:50:19
@misc{9170718,
  abstract     = {{The chemical industry stands as a critical player in the global effort to combat climate change and achieve environmental sustainability. As the world is getting closer to crucial temperature thresholds, the need for decarbonisation becomes increasingly urgent. Thus, this paper focuses on BASF as the biggest chemical company in Germany but also globally and the German chemical industry in general, which holds a prominent position in the nation's economy, to explore how it can transition towards net-zero emissions while remaining competitive. By analysing industry data and conducting qualitative interviews with sustainability managers from BASF, this study aims to assess current progress, identify challenges, and propose viable strategies for a sustainable future. Through collaboration and innovation, the German chemical sector can play a leading role in realising climate goals while maintaining its economic strength. Findings indicate that regulations and frameworks set out by the European Commission need to be further developed in order for companies such as BASF to continuously become more sustainable.}},
  author       = {{Da Rocha Ferreira, Sofia}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Transitioning Towards Net-Zero Emissions While Staying Competitive - Is BASF Capable Of Doing So?}},
  year         = {{2024}},
}