Nonfinancial Statement (NFS) in Accordance with Sections 289b, 289c, 315b and 315c of the German Commercial Code (HGB)

The NFS disclosures are located in the relevant sections of the Combined Management’s Report and have been prepared in accordance with the appropriate frameworks: the Global Reporting Initiative Standards and the reporting requirements of the U.N. Global Compact. In addition to a description of the business model, the NFS includes disclosures on the environment, employee-related and social matters, respect for human rights, and anti-corruption and bribery matters to the extent that these are required to understand the development and performance of the business, the Group’s position and the impact of business development on these aspects.

In accordance with the E.U. Taxonomy Regulation and the supplementary delegated acts, the NFS includes the proportion of the Group’s taxonomy-eligible and our Group-wide taxonomy-aligned turnover, capital expenditures (including acquisitions and excluding goodwill in accordance with the E.U. taxonomy) and operating expenditures for the 2023 business year for the two climate targets. For the four new environmental targets, we are reporting the taxonomy-eligible shares for the first time for 2023.

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-2023. 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.