Nonfinancial Statement (NFS) in Accordance with Sections 315b and 315c of the German Commercial Code (HGB)
The NFS disclosures can be found in the relevant sections of the Management’s Report and have been prepared in accordance with the appropriate frameworks: the Global Reporting Initiative Standards (“Comprehensive” application option) and the reporting requirements of the U.N. Global Compact.
The table on the following page shows the sections and subsections in which the individual disclosures can be found. In addition to a description of the business model, the NFS includes disclosures on the following matters, to the extent that they are required to understand the development and performance of the business, the Group’s position and the impact of business development on the following matters:
- Environmental matters
- Employee-related matters
- Social matters
- Respect for human rights
- Anti-corruption and bribery matters
Within the scope of the audit of the annual financial statements, the external auditor KPMG checked pursuant to section 317(2) sentence 4 HGB that the NFS was presented in accordance with the statutory requirements. KPMG also conducted a substantive audit with limited assurance of the NFS. A report on this substantive audit can be found online at basf.com/nfs-audit-2018 and is part of the BASF Report 2018. The audit was conducted in accordance with ISAE 3000 (Assurance Engagements other than Audits or Reviews of Historical Financial Information) and ISAE 3410 (Assurance Engagements on Greenhouse Gas Statements), the relevant international auditing standards for sustainability reporting.
Nonfinancial Statement (NFS) disclosures in the relevant chapters of the integrated report
NFS disclosure |
|
Topics |
Concepts and results |
---|---|---|---|
|
|
|
|
Business model |
|
The BASF Group |
|
|
|
|
|
Environmental matters |
|
Process safety |
Goals |
|
Emergency response and corporate security |
Environmental Protection, Health and Safety , Emergency response and corporate security |
|
|
Product stewardship |
Goals |
|
|
Transportation and storage |
Environmental Protection, Health and Safety , Transportation and storage |
|
|
Energy and climate protection |
Goals |
|
|
Emissions to air |
Environmental Protection, Health and Safety , Emissions to air |
|
|
Management of waste and contaminated sites |
Environmental Protection, Health and Safety , Management of waste and contaminated sites |
|
|
Water |
||
|
Portfolio management |
||
|
Supplier management |
||
|
|
|
|
Employee-related matters |
|
Occupational safety |
Goals |
|
Health protection |
Goals |
|
|
Employee engagement |
||
|
What we expect from our leaders |
||
|
Inclusion of diversity |
||
|
Competition for talent |
||
|
Learning and development |
||
|
Compensation and benefits |
||
|
Dialog with employee representatives |
||
|
Global labor and social standards |
||
|
Supplier management |
||
|
|
|
|
Social matters |
|
Social commitment |
|
|
|
|
|
Respect for human rights |
|
Responsibility for human rights |
|
|
Global labor and social standards |
||
|
Supplier management |
||
|
|
|
|
Anti-corruption and bribery matters |
|
Compliance |
|
|
Supplier management |