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 below 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
In accordance with the E.U. Taxonomy Regulation and the supplementary delegated acts, the NFS includes, for the first time, the share of the Group’s taxonomy-eligible sales, investments (including acquisitions) and operating expenses for the 2021 business year relating to the environmental objectives of “climate change mitigation” and “adaptation to climate change.”
Within the scope of the annual audit, 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 limited assurance of the NFS. An assurance statement of the limited assurance can be found online at basf.com/nfs-audit-2021. The assurance 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 assurance standards for sustainability reporting.
NFS disclosure |
Topics |
Concepts and results |
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Business model |
BASF Group |
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E.U. taxonomy |
E.U. taxonomy |
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Environmental matters |
Process safety |
Targets and Target Achievement 2021
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Biodiversity |
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Energy and climate protection |
Targets and Target Achievement 2021
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Emergency response and corporate security |
We Produce Safely and Efficiently
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Supplier management |
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Emissions to air |
We Produce Safely and Efficiently
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Product stewardship |
We Produce Safely and Efficiently
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Resource efficiency |
In focus: Thinking and Acting Circular
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Steering of product portfolio |
Targets and Target Achievement 2021
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Transportation and storage |
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Management of waste and contaminated sites |
In focus: Thinking and Acting Circular
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Water |
Targets and Target Achievement 2021
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Employee-related matters |
Occupational safety |
Targets and Target Achievement 2021
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Dialog with employee representatives |
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Inclusion of diversity |
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What we expect from our leaders |
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Health protection |
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International labor and social standards |
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Learning and development |
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Supplier management |
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Employee engagement |
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Competition for talent |
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Compensation and benefits |
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Social matters |
Societal engagement |
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Respect for human rights |
International labor and social standards |
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Supplier management |
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Responsibility for human rights |
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Anti-corruption and bribery matters |
Compliance |
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Supplier management |