Management’s Report

Overview

The BASF Group

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 115,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is arranged into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas.

Our Strategy

With the “We create chemistry” strategy, BASF has set itself ambitious goals. We want to contribute to a sustainable future and have embedded this into our corporate purpose: “We create chemistry for a sustainable future.”

• Focus Areas, Brand and Innovations
• Global Standards
• Business Expansion in Emerging Markets
• Goals
• Value-Based Management
• Integration of sustainability

Customers

BASF supplies products and services to around 130,000 customers from various sectors in almost every country in the world. Our customer portfolio ranges from major global customers and medium-sized businesses to end consumers.

Innovation

A growing need for food, energy and clean water, limited resources and a booming world population – reconciling all these factors is the greatest challenge of our time. Innovations based on chemistry play a key role here, as they contribute decisively to new solutions. Effective and efficient research and development is a prerequisite for innovation as well as an important growth engine for BASF. We develop innovative processes and products for a sustainable future and drive forward digitalization in research worldwide. This is how we ensure our long-term business success with chemistry-based solutions for almost all sectors of industry.

• Research Focus Areas
• Innovations in the Segments

Investments, Acquisitions, Divestitures

In addition to innovations, investments and acquisitions make a decisive contribution toward achieving our ambitious growth goals. We use targeted acquisitions to supplement our organic growth.

Working at BASF

Our employees are key to implementing the “We create chemistry” strategy. We want to attract and retain talented people for our company and support them in their development. To do so, we cultivate a working environment that inspires and connects people. It is founded on inclusive leadership based on mutual trust, respect and dedication to top performance.

• Competition for Talent
• Training
• Expectations of Our Leaders
• Learning and development
• Diversity
• Demographic Change
• Balancing personal and professional life
• Compensation and Benefits
• Employee dialog
• Labor and Social Standards

BASF Group Business Year

• Economic Environment
• Results of Operations
• Net Assets
• Financial Position

Segments

BASF’s five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas

• Chemicals
• Performance Products
• Functional Materials & Solutions
• Agricultural Solutions
• Oil & Gas

Other

Regional Results

The regional results describe the development in the four regions Europe, North America, Asia Pacific and South America, Africa, Middle East.

Responsibility Along the Value Chain

• Suppliers
• Raw Materials
• Environment, Health, Safety and Security

Forecast

• Opportunities and Risks Report
• Economic Environment
• Outlook