Our integrated corporate report combines financial and sustainability reporting to inform shareholders, employees and the interested public about the 2020 business year. Quick links Discover our performance in the following areas Economy Key Financial Data Results of Operations Segment Reporting Statement of Income Outlook Environment Energy and Climate Protection Water Air, Soil and Waste Raw Materials Biodiversity Society Employees Social Commitment Responsibility for Human Rights Responsible Procurement Compliance Play The coronavirus pandemic was the defining event of the year 2020. We reacted quickly and decisively to the crisis. Moreover, with our “Helping Hands” initiative, we provided assistance from the very beginning of the pandemic. Martin Brudermüller Chairman of the Board of Executive Directors Read the letter from the Chairman BASF Value Creation How We Create Value Discover BASF’s business model Key data BASF Group 2020 at a Glance Sales € 59,149 million 2019: €59,316 million EBIT before special items € 3,560 million 2019: €4,643 million EBIT –€ 191 million 2019: €4,201 million Dividend per share € 3.30 2019: €3.30 All Key Figures at a Glance Our strategic priorities Innovation Innovation is the bedrock of our success. BASF is an innovation leader in the chemical industry, with around 10,000 employees in research and development and R&D spending of around €2.1 billion. Research focus areas at BASF Examples of innovation from our segments Sustainability Sustainability is a key driver of our growth. We want to create value for business, environment and society with our products, solutions and technologies. Steering of our product portfolio Our Circular Economy Program Operations The production and processing of chemicals are at the heart of our business. Our strength is and remains the Verbund with its integrated value chains. Process safety and occupational safety at BASF Carbon Management to reduce our CO2 emissions Digitalization Digitalization is an integral part of our business. It enables us to manage processes more efficiently, accelerate innovation and improve our customer relationships. Faster product development thanks to Ultrasim® Our digital solutions for agriculture Portfolio We have consistently focused our portfolio on innovation-driven growth areas. The Asian market plays a central role in our future growth. Material investments and portfolio measures Employees Our employees are key to our success. That is why we value a working environment that fosters their individual talents and enables them and their teams to perform at their best. Diversity and inclusion at BASF What we expect from our leaders Sustainable Solutions for our Customers Value for BASF Value for our customers / the environment Chemicals ChemCyclingTM 40 sales products using recycled raw materials Read more Materials Adipic acid 720,000 metric tons annual production volume Read more Industrial Solutions OPPANOL® B12 BMBcertTM 15,000 metric tons annual volume of the relevant market in Europe Read more Surface Technologies FWC+ catalyst >€20 million estimated annual sales potential from 2022 onward Read more Nutrition & Care Kolliphor® P 188 Bio >10% estimated annual volume growth Read more Agricultural Solutions BioSolutions >€150 million annual sales with BioSolutions by BASF Read more Chemicals ChemCyclingTM 250,000 metric tons recycled raw materials used in the Verbund from 2025 onward Read more Materials Adipic acid 100,000 metric tons CO2 avoided per year by re-using nitrous oxide in the Verbund Read more Industrial Solutions OPPANOL® B12 BMBcertTM up to 85% lower greenhouse gas emissions Read more Surface Technologies FWC+ catalyst up to 95% less particulates in exhaust gas emissions Read more Nutrition & Care Kolliphor® P 188 Bio ~40-fold reduction of process-related impurities Read more Agricultural Solutions BioSolutions up to 90% effectiveness in biological pest control with Nemasys® C Read more Flip all cards Services & Tools Download our interactive PDF GRI and Global Compact Index Interactive key data comparison All downloads at a glance