GRI and Global Compact Index

In 2015, 93% of all employees worked at a company in which employee representation exists. In 2015, 91% of all employees worked at a company in which employee representation exists and working conditions were based on a collective contract.

For our material topics and the focus of our activities along the value chain, see here

The key performance indicator for recording process safety incidents mainly comprises fire, explosions and the release of substances. In 2014, this KPI was restated from 2.1 to 2.2 incidents per million working hours due to events after the reporting period.

We have created structures to promote sustainable, entrepreneurial actions all the way from strategy to implementation. The Corporate Sustainability Board is BASF’s central steering committee for sustainable development. It is comprised of the heads of our business, corporate and functional units as well as of the regions. A member of the Board of Executive Directors serves as chair.

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.

Fair compensation is an important topic for BASF. It includes aspects of internal (distribution) equity and socially acceptable minimum compensation.

Our compensation is based on three principles: effectiveness, market and performance orientation. Additionally, it is our concern that minimum standards for compensation are complied with and possibly exceeded. As part of global monitorings, BASF regularly checks on compliance with minimum standards.

However, BASF does not consider the required compensation indicators listed in G4-54 and G4-55 as convincing in order to evaluate compensation structures regarding their fairness.