- BASF fosters ongoing exchange with its stakeholders
- Participants in Dialog Forum Nano expanded to include consumer-oriented businesses
- Engagement in local Global Compact networks
We foster an ongoing exchange with our stakeholders. These include employees, customers, suppliers and shareholders, as well as experts in science, industry, politics, society and media. We have a particular responsibility toward our production sites’ neighbors, and discuss current issues with them in 85 Community Advisory Panels (CAPs). In 2011, for example, we provided extensive information to the residents of Chongqing, China, about our plans to construct a production facility for diphenylmethane diisocyanate (MDI) and offered them a platform for questions and discussion.
We provide transparent communication about our activities and take on critical questions. Social media is one way in which we are expanding our direct dialog with our stakeholders. An open exchange with consumers, non-governmental organizations, policy makers and the public is very important for the successful introduction of products based on new technologies. For example, we have been involved in international dialogs on nanotechnology since 2004. In 2011, we expanded the number of participants in our Dialog Forum Nano, founded in 2008. In addition to representatives of environmental, consumer and religious groups, we also invited representatives of consumer-oriented businesses.
BASF is actively involved in local Global Compact networks. We have had a representative in the Global Reporting Initiative Stakeholder Council since the beginning of 2012.