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Comment Business & Economics

Study highlights sustainable footprint of chemical companies

By Posted by Gerald Ondrey |

Global chemical companies could release at least €1 billion in cash flow if they increase their sustainability performance. The claim has been made following an international study which assessed the sustainability performance of nine global chemical companies in monetary terms. Entitled Sustainable Value Creation by Chemical Companies, it has been published by a leading European research team including academics from Queen’s University Management School in Belfast (www.qub.ac.uk). The study identified significant differences in the sustainable performance of chemical companies. It showed the leading companies, Air Liquide and BASF, using their resources up to five times more efficiently than their competitors. In 2007, this meant that both Air Liquide and BASF companies created a sustainable value of around €1 billion, creating around one billion euro more cash flow than their competitors on average would have created with the same amount of resources.   Correcting these results for company size, Bayer, which uses its resources 1.2 times more efficiently than its competitors on average, catches up with BASF.   Among the resources assessed in the study were total assets, water use, chemical oxygen demand…
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