AgBalanceTM, BASF’s new method for measuring sustainability in agriculture, took joint first place in the German Council for Sustainable Development’s (RNE) ideas competition for sustainable corporate management. It offers a powerful methodology that is said to drive innovative changes in agriculture. Recent AgBalance studies have analyzed the sustainability performance of soybean production in Brazil and corn production in the US state of Iowa. Upcoming AgBalance projects among others will focus on ways to improve sustainability in smallholder farm businesses in India as well as in oilseed rape cultivation in Germany.
AgBalance has been jointly developed by the Sustainability Center of BASF, BASF Crop Protection and BASF Plant Science in cooperation with several external partners. Based on the well-established Eco-Efficiency Analysis and SEEBALANCE methods, AgBalance has received the independent assurance by TÜV SÜD, DNV Business Assurance and NSF International.
- BASF SE, Ludwigshafen, Germany