BASF Report 2021 Overviews – Glossary and Trademarks 289 Glossary and Trademarks C P V CO equivalents Peak sales potential Value chain 2 CO equivalents are units for measuring the impact of greenhouse The peak sales potential of the Agricultural Solutions pipeline A value chain describes the successive steps in a production 2 gas emissions on the greenhouse effect. A factor known as the describes the total peak sales forecast for individual products in the process: from raw materials through various intermediate steps, global warming potential (GWP) shows the impact of the individual research and development pipeline. Peak sales are the highest sales such as transportation and production, to the finished product. gases compared with CO as the reference value. value to be expected from one year. The pipeline comprises innova- 2 tive products that have been on the market since 2021 or will be Verbund E launched on the market by 2031. In the BASF Verbund, plants are intelligently connected. In this Eco-Efficiency Analysis system, chemical processes consume less energy, produce higher The Eco-Efficiency Analysis is a method developed by BASF for S product yields and conserve resources. The by-products of one assessing the economic and environmental aspects of products SEEbalance® plant serve as feedstock elsewhere, creating efficient value chains – ® and processes. The aim is to compare products with regard to SEEbalance is the Socio-Eco-Efficiency analysis developed by from basic chemicals to high value-added solutions such as coat- profitability and environmental compatibility. BASF. It can be used to evaluate and compare the environmental ings or crop protection products. Our Verbund concept – realized impact, costs and social aspects of products and manufacturing in production, technologies, the market and digitalization – enables ® makes sustainable development measur- F processes. SEEbalance innovative solutions for a sustainable future. Formulation able and manageable for companies by combining the three Formulation describes the combination of one or more active sub- dimensions of sustainability – economy, environment and society – stances with excipients like emulsifiers, stabilizers and other inactive in an integrated product assessment tool. components in order to improve the applicability and effectiveness of various products, such as cosmetics, pharmaceuticals, agricul - Steam cracker Trademarksa tural chemicals, paints and coatings. A steam cracker is a plant in which steam is used to “crack” naphtha ® (petroleum) or natural gas. The resulting petrochemicals are the raw Net Promoter System G materials used to produce most of BASF’s products. Registered trademark of Bain & Company, Inc. Genome editing ® Genome editing refers to a series of new molecular biological T Responsible Care methods to make specific changes in the genome. Naturally occurr- Traits Registered trademark of the European Chemical Industry ing processes are used to make small changes to an organism’s Traits are commercial plant characteristics, such as an inherent Council genes to modify a specific characteristic. Such techniques have resistance to certain herbicides or an inherent defense against great potential for innovative solutions in healthcare, agriculture and certain insects. All other trademarks referred to in the BASF Report are industrial applications, for example. registered trademarks of the BASF Group (identified with the ® TM symbol), trademarks pending (identified with the symbol), or trademarks used by the BASF Group. a Trademarks are not registered/used in all countries.