Requirements and topics


  • Financial reporting based on requirements of International Financial Reporting Standards, German Commercial Code and German Accounting Standards
  • Sustainability reporting follows guidelines of the Global Reporting Initiative
  • Dialog with sustainability experts and stakeholders regarding relevant topics

The information on the financial position and performance of the BASF Group is based on the requirements of International Financial Reporting Standards (IFRS), and, where applicable, the German Commercial Code as well as the German Accounting Standards (GAS). Internal control mechanisms ensure the reliability of the information presented in this report. BASF’s management confirmed the effectiveness of the internal control measures and compliance with the regulations for financial reporting.

Our sustainability reporting is aligned with the international guidelines (G3.1) of the Global Reporting Initiative (GRI) as well as with the principles of the U.N. Global Compact and the Blueprint for Corporate Sustainability Leadership. We want to identify and evaluate sustainability issues relevant for BASF at an early stage. To this end, we engage in constant dialog with our stakeholders. We evaluate and analyze sustainability issues together with experts in our materiality analysis. We used this analysis as the basis for identifying and prioritizing key topics for the report in order to develop strategies well in advance for dealing with potential opportunities and risks. The resulting materiality matrix considers the degree of societal interest as well as the significance of these issues for BASF. Information relevant to the principles of the Global Compact