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

For ex post financing in case of underfunding in pension plans the local regulatory law is essential for us; not the consolidated group statement according to IFRS.

2

In 2012, 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.

3

BASF is committed to uniform, Group-wide remuneration principles in line with the market and which reflect responsibility and performance (performance and market-related compensation systems based on global principles). Internal analysis has shown that there are no discriminatory provisions in BASF’s compensation. There is no difference in pay between men and women with comparable jobs and qualifications. BASF is committed to remuneration that, at the very least, meets the legal minimum wage, and to employee participation in the company’s success. Not all countries have adopted a minimum wage, however. A minimum wage exists for 96% of our employees (whether by law, by collective bargaining agreement or through the company). For 64% of our employees, a minimum wage is stipulated by collective bargaining agreements. 97.5% of our Group companies pay an annual bonus based on the company’s success; these Group companies account for 99.5% of our employees. For companies in which collective bargaining agreements do not stipulate a minimum wage, remuneration is significantly above the legal minimum wage in most cases.

4

BASF has no specific directive for local purchasing: In order to ensure supply security locally, raw materials must be procured where they are globally available. Locally based suppliers for technical goods and services often provide a competitive advantage through their geographical proximity.

5

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

BASF Group 2012 at a glance - Economic data; Value added 2012

Cover

completely covered

1, 4, 6, 7

The BASF Group - Markets and sites; Figure BASF sites

18-19

Corporate strategy

20-23

Goals - Growth and profitability

24

Value-based management

26

Net assets

52-53

Results of operations

48-51

Financial position

54-55

Business review by segment

56-57

Opportunities and risks report

107-115

Consolidated Financial Statements

143-208

 

 

 

 

 

Aspect: Economic Performance

 

 

 

 

EC1 Direct economic value generated and distributed

BASF Group 2012 at a glance - Economic data; Figure Value added 2012; Employees and society; Environment

Cover

completely covered

 

BASF on the capital market - BASF share performance;

12-14, 16

 

Table Key BASF share data;

 

Dividend of €2.60 per share;

 

Employees becoming shareholders

 

Corporate strategy - Business expansion in emerging markets

23

 

Goals - Growth and profitability

24

 

Value-based management - Figure EBIT after cost of capital, Figure Calculation of EBIT after cost of capital

26

 

Innovation - Innovations in the segments

31; 35

 

Investments and acquisitions - Investments;

36

 

Acquisitions

 

Employees - Vocational training; Personnel development and further training;

39-40, 42

 

Personnel expenses, compensation and social benefits; Employees’ share in the company’s success; Table BASF Group personnel expenses

 

Social commitment

44

 

Results of operations

48-51

 

Net assets

52-53

 

Financial position - Figure Consolidated statements of cash flows

55

 

Business review by segment

56-57

 

Chemicals - CUPUR® T;

58, 61

 

Figure Segment data Chemicals

 

Plastics - Elastoflex® E-Systems;

64, 66

 

Figure Segment data Plastics

 

Performance Products - Kollicoat® IR tablet coatings;

68, 71

 

Figure Segment data Performance Products

 

Functional Solutions - Green Sense® Concrete;

75-77

 

Figure Segment data Functional Solutions

 

Agricultural Solutions - AgCelence®;

80-82

 

Investments;

 

BASF Plant Science Plant biotechnology at BASF;

 

Figure Segment data Agricultural Solutions

 

Oil & Gas - Figure Segment data Oil & Gas

87

 

Regional results

90-91

 

Consolidated Financial Statements - Consolidated statements of income;

146-150; 175;177; 205-206;

 

Consolidated statements of income and expense recognized in equity;

 

Consolidated balance sheets;

 

Consolidated statements of cash flows;

 

Consolidated statements of equity;

 

Income taxes;

 

Personnel expenses and employees;

 

Stock price-based compensation program and BASF incentive share program

 

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

Sustainability - Organization;

27; 29

completely covered

7, 8, 9

Integrating sustainability into core processes

Innovation

31

Energy and climate protection - Opportunities with climate protection products

103

Opportunities and risks report - Short-term opportunities and risks

110

Website: BASF shares: a sustainable investment

 

Website: BASF's answers to the CDP Questionnaire 2012

 

Website: BASF's answers to the CDP Water Questionnaire 2012

 

EC3 Coverage of the benefit plan obligations

BASF Group 2012 at a glance - Value added 2012

Cover

completely covered1

 

Employees - Personnel expenses, compensation and social benefits;

40; 42

 

Managing demographic challenges

 

Consolidated Financial Statements - Debt;

156-157;
187-191

 

Provisions for pensions and similar obligations

 

EC4 Significant financial assistance received from government

 

 

not material2

 

 

 

 

 

 

Aspect: Market Presence

 

 

 

 

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

Employees - Personnel expenses, compensation and social benefits;

42-43

partially covered3

 

Global labor and social standards

 

Website: Employment conditions: Labor and social standards in BASF Group

 

 

Website: Our purpose

 

 

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

Supply chain management - Strategy; Supplier audits

92

partially covered4

 

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

Goals - Employees

24

completely covered5

6

Employees - Employee and manager diversity; Figure Diversity in management positions

41

 

 

 

 

 

Aspect: Indirect Economic Impacts

 

 

 

 

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

BASF Group 2012 at a glance - Value added 2012

Cover

completely covered 

 

Sustainability - Stakeholder engagement;

27; 28

 

Materiality analysis and sustainability issues

 

Employees - Vocational training; Personnel development and further training

39-40

 

Social commitment - Strategy; International development projects

44

 

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 - Integrating sustainability into core processes

29

completely covered

 

Website: Social Business: BASF Grameen Ltd.

 

 

Website: GTZ study on the investment in Nanjing

 

 

Website: Foreign Direct Investment

 

 

Website: Corporate Social Investment