Content and structure
- As an integrated report, BASF Report also serves as progress report in terms of U.N. Global Compact
- Sustainability reporting follows first-time application of Global Reporting Initiative’s G4 “comprehensive” international guidelines
The BASF Report combines the important financial and nonfinancial information necessary to thoroughly evaluate our performance. We select the report’s topics based on the principles of materiality, sustainability context, completeness and stakeholder inclusion. In addition to our integrated report, we publish further information online. Links to this supplementary information are provided in each chapter.
Our reporting on sustainability issues has been aligned with the Global Reporting Initiative (GRI) framework since 2003. In the BASF Report 2014, our sustainability reporting follows the GRI’s G4 “comprehensive” international guidelines for the first time. From 2012 to 2014, we served as a pilot enterprise in the development of the framework for the integrated reporting of the International Integrated Reporting Councils (IIRC). After the pilot phase in 2014, we joined the IR Business Network in order to discuss our experience with other stakeholders and at the same time receive inspiration for the enhancement of our reporting. This report addresses elements of the IIRC framework by, for example, illustrating connections between nonfinancial and financial performance in the chapters for the segments.
The information in the BASF Report 2014 also serves as a progress report on BASF’s implementation of the ten principles of the United Nations Global Compact and takes into consideration the Blueprint for Corporate Sustainability Leadership of the Global Compact LEAD platform. Furthermore, the report’s content meets the specifications of the German Sustainability Code.
The GRI and Global Compact Index can be found in the online report, providing information on GRI indicators, topics relevant to the Global Compact principles, and the auditor’s report of KPMG AG Wirtschaftsprüfungsgesellschaft.
More on the Global Compact
More on the implementation of the Global Compact principles and the Blueprint for Corporate Sustainability Leadership
More on Global Compact LEAD
To the GRI and Global Compact Index
Requirements and topics
- Financial reporting according to International Financial Reporting Standards, German Commercial Code and German Accounting Standards
- Sustainability reporting focused on material 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.
Identifying the topics that are significant for us forms the basis of our reporting focus and scope.
Global Reporting Initiative
Sections marked with a blue globe symbol show how the ten principles of the U.N. Global Compact and the Blueprint for Corporate Sustainability Leadership are implemented.