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BASF hosts its first Symposium on Sustainability Assessment in Agriculture

BASF hosts its first Symposium on Sustainability Assessment in Agriculture  International experts call for common approach to sustainability assessment in food supply chain  BASF invites opinion leaders to a joint discussion platform to develop general principles

BASF hosts its first Symposium on Sustainability Assessment in Agriculture  International experts call for common approach to sustainability assessment in food supply chain  BASF invites opinion leaders to a joint discussion platform to develop general principles Berlin, Germany – March, 26 2013 – Together with leading experts from the food industry, agriculture, academia and NGOs, BASF laid the foundation to bring forward solutions for sustainability assessment, an essential part of the agricultural business. Under the theme “Perspectives for Agriculture – Progress through Sustainability Assessment”, BASF hosted this international symposium on March 21 and 22 in Berlin. “This symposium was designed to jointly increase transparency and clarity in the field of sustainability assessment. BASF’s guiding principle is ‘You can only manage what you have measured’,” says Markus Heldt, President of BASF’s Crop Protection division. “For the prosperity of agriculture, it is fundamental to manage and show progress in its sustainable development.” BASF initiates network of opinion leaders One of the major outcomes of the symposium was that sustainability assessment needs common principles in both the agricultural and food supply sectors, so that the assessment tools and their partners speak the same language globally. "In spite of the recent advances, there still is a big challenge in front of us, in the journey of sustainability of the food supply chain. Every link in that chain has to understand their role and comply with it, not transferring their responsibilities upstream. We need to converge to a common concept of sustainability, agreed by the whole chain, harmonizing principles, facts, indicators, metrics, targets, actions and processes", stated Decio Luiz Gazzoni, researcher at EMBRAPA, the Brazilian Agricultural Research Corporation at the symposium. At the close of the event, BASF issued an invitation to develop general principles for sustainability assessment in agriculture. “We will facilitate this initiative in order to promote a common framework for indicators. The discussion platform will help to increase coherence and credibility regarding the different methodologies and value chain needs”, emphasizes Dirk Voeste, Vice President Sustainability Strategy at BASF. Biodiversity, soil and social impacts underrepresented to date During the event, participants discussed different methods for sustainability assessment and key requirements for further developments. To achieve concrete results, a global approach combined with locally-adapted implementation is needed. Further conclusions highlighted that most of the existing methods do not yet significantly consider soil, indirect land use change and biodiversity. In addition, social impacts have to be integrated to ensure an holistic assessment. Taking economic, environmental and social aspects into account, in 2011 BASF developed its own tool, AgBalance™. To date, the company has conducted 15 studies from Brazil to China, measuring and identifying more sustainable processes and techniques in agricultural production. With AgBalance, BASF has made one substantial contribution to global and holistic sustainability assessment in agriculture. With the symposium the next step has been taken. "Consumers are interested in sustainability issues. We know this from our work with over 8,000 customers in the UK as part of our ongoing dialogue”, summarized Chris Brown, Director Sustainable Business at the British supermarket chain ASDA and a participant of the symposium. “At ASDA we recognize our responsibilities in helping both our customers and growers to develop solutions. The symposium was important in fostering partnerships to support this process." The Symposium on Sustainable Agriculture was hosted by BASF’s Agricultural Solutions segment, consisting of both Crop Protection and Plant Science. With both units, BASF provides innovative solutions for agriculture: crop protection, functional crop care, turf and ornamental plants, pest control, public health as well as plant biotechnology. About BASF BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com For more information: Katharina Fischer Phone: +49 621 60-27034 [email protected]