BASF Report 2023

Environmental, Social, Governance

We want to contribute to a world with enhanced quality of life for everyone. That is why we have firmly anchored sustainable and responsible conduct into our corporate purpose, our strategy, our targets and our operational business.

The impacts of our business activities on the areas of environmental, social and governance are important aspects of our general opportunity and risk management. We contribute to sustainability and to the United Nations’ Sustainable Development Goals (SDGs) in many ways. For instance, our innovations, products and technologies help to use natural resources more efficiently, meet the demand for food, enable climate-smart mobility, reduce emissions and waste, or increase the capabilities of renewable energy. At the same time, we cause CO2 emissions, use water and source raw materials from suppliers, which may involve a potential risk of violating environmental, labor or social standards. This is why we are constantly working to broaden our positive contributions to key sustainability topics along our value chain and reduce the negative impacts.

We are committed to doing business in a responsible, safe and resource-efficient way. Our actions are guided by our corporate values and our global Code of Conduct. With our comprehensive management and monitoring systems, we want to ensure that we act in line with the applicable laws and uphold our responsibility to the environment and society. We require our business partners to comply with prevailing laws, regulations and internationally recognized principles. To discuss critical issues and, if needed, develop solutions together, we seek dialog with our stakeholders. We are also involved in numerous sustainability initiatives to drive forward sustainability both in general and specifically in relation to our value chains.

Overview of the chapters on environmental, social and governance

Environmental (Icon)
Social (Icon)
Governance (Icon)
Value chain
A value chain describes the successive steps in a production process: from raw materials through various intermediate steps, such as transportation and production, to the finished product.

Chart Generator

Key figures comparison

Topic filter

Results for