Materiality analysis

  • Relevant sustainability topics identified and prioritized
  • Topics grouped into eight material aspects of sustainability

The findings from our materiality analysis provide the foundation for focused and reader-oriented reporting. At the same time, they serve as the starting point for integrating material aspects of sustainability into our management and evaluation processes.

Starting in 2013, we once again used a multistep process to identify and prioritize the sustainability topics relevant for BASF. We started by collecting around 100 potentially relevant subjects. A workshop and qualitative interviews with internal and external specialists revealed that 38 of these were particularly relevant. Using a global survey, we gathered feedback on these 38 topics from around 350 external stakeholders worldwide, as well as around 90 experts and managers from various functions within the company. The participants rated the topics in terms of their current and future relevance for BASF. The results of this ranking are presented in a materiality matrix.

Finally, the findings were discussed in internal workshops and classified under eight overarching material aspects of sustainability. The results of this materiality study and the eight aspects derived from it were presented to, and validated by, the Board of Executive Directors.

In order to integrate sustainability further into our business activities, we launched a follow-up process in 2014 that translates the results of the materiality analysis into our steering and business processes. Categories of action were assigned to the individual aspects. A further step involved interviews with representatives from business, corporate and functional units, who assessed the business relevance of each category along the value chain. The results of this quantitative prioritization process show where along the value chain we have the possibility to take action with respect to each individual aspect. As a result, we have achieved a better understanding of the steps along the value chain where action needs to be prioritized in terms of the material aspects, and which topic areas we can influence with our actions. Building on this, we want to derive additional measures that maximize the positive effects of our actions and further minimize the negative ones.

Material aspects and action priority areas along the value chain

 

 

 

 

 

 

 

 

Suppliers

Production

Customers

 

More on

1

The focus of our activities on this aspect within the supply chain are shown under “resources and ecosystems.” The action priority areas for this aspect on the customer end are covered under “products and solutions.”

2

In 2014, we renamed “operational excellence” to “responsible production” in order to emphasize the concentration on our production processes.

Energy and climate

 

 

Responsible Care;
Energy and climate protection

Food1

 

 

 

Water

 

 

Water

Resources and ecosystems

 

 

Supply chain management;
Raw materials;
Responsible Care

Responsible production2

 

 

Sustainability management;
Responsible Care;
Production;
Products;
Air and soil

Products and solutions

 

 

Sustainability management;
Products

Partnering

 

 

Corporate strategy;
Sustainability management;
Business models and customer relations;
Social commitment;
Supply chain management;
Compliance

Employment and employability

 

 

Working at BASF