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 (G3.1)
  • Dialog with stakeholders on 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 and engage in constant dialog with our stakeholders. Together with experts, we evaluate and analyze sustainability issues in our materiality analysis. Based on the results, we identified 38 material issues and grouped them into eight overarching material sustainability aspects. The goal here is to develop strategies well in advance for dealing with potential opportunities and risks. Information relevant to the principles of the Global Compact