Identifying and assessing important topics
- Materiality analysis for ranking sustainability topics updated in 2013
- Issues aggregated into eight material aspects
- Continuous enhancement of our sustainability management based on materiality analysis
Relevance rating of sustainability topics for BASF
The materiality analysis helps us recognize and assess sustainability topics early on: We examine our internal and external stakeholders’ expectations and requirements, along with issues that could represent opportunities or risks for our operations now and in the future.
We updated our materiality analysis in 2013. Approximately 350 external stakeholders worldwide, as well as around 90 experts and managers from various functions within the company, provided information on 38 topics potentially relevant for BASF. The participants rated them in terms of their current and future relevance for BASF. The materiality matrix shows how these sustainability topics were ranked. All topics shown in the matrix are relevant both for our stakeholders and for BASF.
Afterward, we discussed the results of the materiality matrix in workshops with participants from different BASF specialist units and identified overarching material aspects. The evaluation focused primarily on how BASF’s business is impacted by these topics. Material aspects were identified as: employment and employability, energy and climate, food, operational excellence, responsible partnering, products and solutions, resources and ecosystems, and water. We are continuing to identify BASF’s influence on these material aspects. We use the materiality analysis to constantly enhance our sustainability management.