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 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.

2

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. 98.5% of our Group companies pay an annual bonus based on the company’s success; these Group companies account for 99.9% 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.

3

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.

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

BASF Group 2013 at a glance – Economic data

Cover

completely covered

1, 4, 6, 7

The BASF Group – Markets and sites; Figure: BASF sites

19-20

Corporate strategy

21-23

Goals – Growth and profitability

24

Value-based management

26

Results of operations

49

Net assets

54

Financial position

55

Business review by segment

58-59

Opportunities and risks report

106-114

Consolidated Financial Statements

142-208

 

 

 

 

 

Aspect: Economic Performance

 

 

 

 

EC1 Direct economic value generated and distributed

BASF Group 2013 at a glance – Economic data; Value added 2013; Employees and society; Environment

Cover

completely covered

 

BASF on the capital market – BASF share performances

12, 13, 16

 

BASF on the capital market – Table: Key BASF share data

 

BASF on the capital market – Dividend of €2.70 per share

 

BASF on the capital market – Employees becoming shareholders

 

Goals – Growth and profitability

24

 

Innovation – Innovations in the segments – Examples

35

 

Investments and acquisitions – Table: Investments and acquisitions 2013

36, 37

 

Investments and acquisitions – Acquisitions

 

Working at BASF – Vocational training; Learning and development

40, 40-41, 43

 

Working at BASF – Personnel expenses, compensation and additional benefits; Table: BASF Group personnel expenses; Employees share in the company’s success

 

The business year at BASF – Results of operations

49, 54, 55, 57, 58-59, 60, 63, 66, 69, 73, 75, 78, 80, 85

 

The business year at BASF – Net assets

 

The business year at BASF – Financial position

 

The business year at BASF – Table: Statement of cash flows

 

The business year at BASF – Business review by segment

 

The business year at BASF – Chemicals – Value box

 

The business year at BASF – Chemicals – Table: Segment data Chemicals

 

The business year at BASF – Performance Products – Value box

 

The business year at BASF – Performance Products – Table: Segment data Performance Products

 

The business year at BASF – Functional Materials & Solutions – Value box

 

The business year at BASF – Functional Materials & Solutions – Table: Segment data Functional Solutions

 

The business year at BASF – Agricultural Solutions – Value box

 

The business year at BASF – Agricultural Solutions – Investments

 

The business year at BASF – Agricultural Solutions – Table: Segment data Agricultural Solutions

 

The business year at BASF – Oil & Gas-Table: Segment data Oil & Gas

 

Regional results – Table: Regions

88

 

Consolidated Financial Statements – Statement of income

144, 147, 148

 

Consolidated Financial Statements – Statement of cash flows

 

Consolidated Financial Statements – Statement of equity

 

Consolidated Financial Statements – Income taxes

178-180, 210-211

 

Consolidated Financial Statements – Stock-price-based compensation program and BASF incentive share program

 

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

Innovation

30

completely covered

7

Environment – Energy and climate protection – Corporate carbon footprint and climate protection products

102

Opportunities and risks report – Short-term opportunities and risks

109

EC3 Coverage of the benefit plan obligations

BASF Group 2013 at a glance – Value added 2013

Cover

completely covered

 

Working at BASF – Personnel expenses, compensation and additional benefits

43

 

Consolidated Financial Statements – Debt-Provisions for pensions and similar obligations

161, 190-195

 

Consolidated Financial Statements – Provisions for pensions and similar obligations

 

EC4 Significant financial assistance received from government

Safety, security and health – Products – Management of new technologies

98

partially covered1

 

 

 

 

 

 

Aspect: Market Presence

 

 

 

 

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

 

 

not material2

1

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

Supply chain management – Evaluating our suppliers

90

partially covered3

 

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

 

 

not material4

6

 

 

 

 

 

Aspect: Indirect Economic Impacts

 

 

 

 

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

Working at BASF – Vocational training; Learning and development

40, 40-41

completely covered 

 

Social commitment – Strategy; Figure: BASF Group donations, sponsorship and own projects in 2013; BASF Stiftung projects

45

 

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

Sustainability – Strategy

27

completely covered

 

Investments and acquisitions

36

 

Social Business: BASF Grameen Ltd.

 

 

GTZ study on the investment in Nanjing

 

 

Corporate Social Investment