TAGS: Sustainability / Natural Cosmetics
BASF published its first Responsible Sourcing Report (RSR) for its Care Chemicals division. The report is a refinement of the existing Palm Progress Report, which has been published annually since 2016.
The new Responsible Sourcing Report outlines the company’s developments and achievements and extends the focus beyond palm (kernel) to coconut oil, castor oil as well as bio-based active ingredients.
Protecting Natural Resources & Empowering People
In 2022, BASF purchased 1.2 million metric tons of renewable raw materials. Shifting from fossil to bio-based starting materials can achieve positive effects like reducing greenhouse gas emissions. However, if not sourced responsibly, there is the risk of a negative impact to biodiversity, land use and working conditions. As part of BASF’s commitment to enhance sustainability along the entire value chain, the company is working with trusted partners to improve sustainability not only in the business oil palm supply chain but also in other crops where the company has expanded its certified-sustainable offerings.
The Responsible Sourcing Report was published during the Sustainable Beauty Days 2023. Here customers and the interested public can find out more about selected sustainability topics and gain insights into the company’s commitment to environmentally and socially responsible action.
BASF has been on a sustainable sourcing journey for almost 20 years, offering certified-sustainably sourced palm (kernel) oil and more recently other raw materials like coconut oil and castor oil from respective sustainable sourcing certification schemes.
BASF works closely with stakeholders along the value chain to support and promote diverse and equitable work, including women and smallholder farmers in their efforts. One example is the lately announced partnership with Kaleka to support Indonesian smallholders in sustainable palm cultivation.
The certified-sustainable oils and active ingredients covered in the report are just one example of how BASF’s Care Chemicals division is addressing future challenges. Sustainability, digitalization, innovation and new approaches to working together are the key cornerstones to Care 360°– Solutions for Sustainable Life.
Source: BASF
