In 2021, we generated sales of €24.1 billion with Accelerator products – already reaching our target €22 billion in Accelerator sales by 2025. The success of the Accelerator products has shifted the time for the update of our TripleS Method, formerly known as Sustainable Solution Steering. In future, we want to develop our product portfolio even more strongly towards climate protection, carbon neutrality and circularity to meet the growing sustainability demands in our markets with innovative solutions. Consequently, we are updating our product portfolio steering methodology and our target over the course of 2022/2023. BASF is currently re-evaluating all its 45,000 products on this basis. The aim is to have re-evaluated as many products as possible by the end of the year and thus be able to derive a new KPI.

The updated process leads to a differentiation of our product portfolio into five sustainability segments: Pioneer, Contributor, Standard, Monitored, Challenged. These five TripleS segments cover the full range of sustainability performance, from solutions with a substantial sustainability contribution, to solutions performing on market standard, to solutions with a significant sustainability concern. BASF will, as in the past, remove products with a significant deficit from the market after five years at the latest.