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GRI and Global Compact Index

Economic Performance Indicators

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completely covered = completely covered

Main Indicator

 

 

 

partially covered = partially covered

Additional Indicator

 

 

 

not material = not material

Indicator

 

Link

Page
number

Fulfilment & Comment

GC Principles

1

In 2011, BASF did not register any business relevant public benefits. Public institutions do not hold significant stakes in BASF. BASF is involved in research project that also receive public funding.

2

BASF is committed to performance-related compensation based on global principles and in line with the market; remuneration that, at the very least, meets the legal minimum wage and employee participation in the company’s success. Valid minimum wage (defined by law, collective contracts or operational) exists for 98% of our employees. Minimum wage is set by collective contracts for 56% of our employees. In companies without collective contracts for minimum wage, compensation is in most cases significantly higher than legal minimum wage.

3

BASF has no specific guideline for local purchasing, as BASF requires thousands of different raw materials that have to be purchased globally depending on raw material deposits. For technical equipment and packaging as well as services, BASF purchases mainly from local suppliers or service providers, given that this is economically advantageous.

4

BASF is a global company and therefore we aim to increase the internationality of our senior executives in general. We will recruit even more consistently from other sites and countries.

 

 

 

 

 

 

Disclosure on Management Approach

Strategy and values - Our strategic principles

16-17

completely covered

1, 4, 6, 7

Our goals

20-21

Markets, stuctures and organization

22-23

Value-based management

24

Value added statement

27

Business reviev BASF Group

33-36

Consolidated balance sheets

37-38

Opportunities and risks report

104-112

 

 

 

 

 

 

Aspect: Economic Performance

 

 

 

 

 

EC1 Direct economic value generated and distributed

BASF on the capital market - BASF share performance

10

completely covered

 

Value added statement

27

 

Innovation

28

 

Chemicals - Baxxodur systems
Shortened production process for wind turbine rotor blades

45

 

Agricultural Solutions - BASF Plant Science; Plant biotechnology at BASF

69

 

Regional results - Europe

79

 

Employees - Personnel expenses and social benefits;

83; 84-85; 86

 

Vocational training; Further training and personnel development;

 

Employee participation in the company’s success

 

EC2 Financial implications and other risks and opportunities due to climate change

Innovation

28

completely covered

7, 8, 9

Functional Solutions - SCR (Selective Catalytic Reduction) filter

64

Climate protection

95-97

Opportunities and risks report - Short-term opportunities and risks

107

Website: BASF again included in both Carbon Disclosure Project indices

 

Website: CDP 2011 Investor CDP 2011 Information Request

 

Website: CDP Water Disclosure 2011 Carbon Disclosure Information Request

 

EC3 Coverage of the benefit plan obligations

Value added statement

27

completely covered

 

Employees - Personnel expenses and social benefits;

83; 84

 

The challenge of demographic change

 

Consolidated Financial Statements - Provisions for pensions and similar obligations

181-185

 

EC4 Significant financial assistance received from government

Product stewardship - Management of new technologies

103

not material1

 

 

 

 

 

 

 

Aspect: Market Presence

 

 

 

 

 

EC5 Range of ratios of standard entry level wage compared to local minimum wage

Employees - Responsibility for employees – global standards

86-87

partially covered2

1

Website: Human Rights and Labor and Social Standards in the BASF Group

 

Website: Our purpose

 

EC6 Policy, practices, and proportion of spending on locally-based suppliers

Environmental, safety and security management - Supply chain management

92

 partially covered3

 

EC7 Local personnel (hiring and proportion of senior management hired from the local community)

Our goals: Employees and society

21

 completely covered4

6

Employees - Competitive advantages through diversity

84

 

 

 

 

 

 

Aspect: Indirect Economic Impacts

 

 

 

 

 

EC8 Development and impact of infrastructure investments and services provided primarily for public benefit

Value added statement

27

 completely covered

 

Employees - Vocational training

85

 

Social commitment

89

 

Website: International donations

 

 

Website: GTZ study on the investment in Nanjing

 

 

EC9 Understanding and describing significant indirect economic impacts, including the extent of impacts

Sustainability management - Minimizing risks

25

completely covered

 

Website: Social Business: BASF Grameen Ltd.

 

 

Website: GTZ study on the investment in Nanjing

 

 

Website: Foreign Direct Investment (FDI)

 

 

Website: Corporate Social Investement

 

 

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