BASF Expands its Sustainable Product Portfolio in Lemforde

Core Insights - BASF SE has completed the ISCC PLUS certification at its Lemforde facility, enhancing its sustainable product offerings and supporting clients' sustainability goals [1] - The mass-balancing approach allows BASF to replace fossil resources with renewable materials, reducing the CO2 footprint for customers without altering product quality [2][3] - The ISCC PLUS certification ensures that fossil raw materials are replaced with renewable ones throughout the value chain, enabling BASF to issue mass balance certificates for certain products [4] Company Performance - BASF's shares have decreased by 3% over the past year, contrasting with a 5.7% increase in its industry [6] - Currently, BASF holds a Zacks Rank of 5 (Strong Sell), indicating a weaker performance compared to peers [7] - In comparison, Carpenter Technology Corporation and DuPont de Nemours, Inc. have shown strong performance with significant share price increases over the past year [8][9]