Universal Standards

Topic-specific Standards		Link	Comment	Global Compact Principles	SDG
2-1	Organizational details	About this report: Data BASF Group: Sites and Verbund Corporate legal structure BASF on the Capital Market: Graphic: Shareholder structure
2-2	Entities included in the organization's sustainability reporting	About this report: Data BASF Group: Sites and Verbund
2-3	Reporting period, frequency and contact point	Back cover About this report: Data
2-4	Restatements of information	Environmental, Social and Governance: Energy and Climate Protection: Table: BASF Group’s greenhouse gas emissions according to the Greenhouse Gas Protocol Material topics in focus: Emissions to Air, Waste and Remediation: Emissions to air Waste
2-5	External assurance	About this report: Content and structure External audit Overview Combined Management's Report
2-6	Activities, value chains and other business relationships	BASF Group: Sites and Verbund Procurement and sales markets Our Sustainability Concept Environmental, Social and Governance: Supplier Management: Strategy and Governance	The procurement competence center supports BASF’s business units in developing sustainable solutions so they can stand out from the competition in addressing market-specific requirements. Any significant changes to reporting on individual topics are explained in the relevant section.
2-7	Employees	Environmental, Social and Governance: Employees: Number of employees Graphic: BASF Group employees by region Competition for talent	Since the number of permanent employees is largely identical to the total number of employees, the breakdown by region and gender largely corresponds to the information required under a. above. Consequently, a separate breakdown for permanent employees is not provided. Due to the small number of temporary employees, we consider a breakdown by region to be immaterial. The form of employment referred to in b. iii. above is not a relevant employment category for us. The levels of granularity required under b. iv. and b. v. are not currently reflected by our data collection systems. We are working on an expansion of our data collection systems to be able to map these levels of granularity in the future. All employee data are given in headcount.	6	8
2-8	Workers who are not employees		At BASF SE, we only deploy relatively few staff from employment agencies (compared with the number of our own employees). We only work together with counterparties that are bound by collective agreements. The systems used to collect data on employees and contractors will be adjusted in accordance with the final European legal requirements.	7
2-9	Governance structure and composition	Our Sustainability Concept: Our organizational and management structures Corporate Governance Report Management and Supervisory Boards: Board of Executive Directors 2023 Board of Executive Directors 2024 Supervisory Board
2-10	Nomination and selection of the highest governance body	Corporate Governance Report: Graphic: BASF SE's two-tier management system Supervision of company management by the Supervisory Board Competence profile, diversity concept and objectives for the composition of the Supervisory Board			5, 16
2-11	Chair of the highest governance body	Management and Supervisory Boards: Board of Executive Directors 2023 Board of Executive Directors 2024 Supervisory Board	Not applicable, as the chair of the Supervisory Board is not a senior executive.		16
2-12	Role of the highest governance body in overseeing the management of impacts	Our Sustainability Concept: Our organizational and management structures Corporate Governance Report: Supervision of company management by the Supervisory Board Report of the Supervisory Board: Independence and efficiency review
2-13	Delegation of responsibility for managing impacts	Our Sustainability Concept: Our organizational and management structures Forecast: Opportunities and Risks: Risk management process and internal control system
2-14	Role of the highest governance body in sustainability reporting		The report is discussed and released in a reading by the entire Board of Executive Directors. The Supervisory Board approves the Report and thus the Nonfinancial Statement as part of the accounts meeting.
2-15	Conflicts of interest	Corporate Governance Report: Direction and management by the Board of Executive Directors Graphic: BASF SE's two-tier management system Supervision of company management by the Supervisory Board Competence profile, diversity concept and objectives for the composition of the Supervisory Board Report of the Supervisory Board: Independence and efficiency review			16
2-16	Communication of critical concerns	Environmental, Social and Governance: Employees: Employee engagement Compliance: Monitoring adherence to our compliance principles	Sustainability aspects are integrated into our major decision-making processes. The Board of Executive Directors is informed as part of the standard processes. Critical concerns or complaints can be addressed through channels such as our global grievance mechanisms (external hotlines). We carefully investigated all cases of suspected misconduct that came to our attention and took countermeasures on a case-by-case basis. In 2023, 9 cases were reported to the Board of Executive Directors. The exact content of any complaints is sensitive due to regulatory or legal restrictions.
2-17	Collective knowledge of the highest governance body	Our Sustainability Concept: Our organizational and management structures			4
2-18	Evaluation of the performance of the highest governance body	Corporate Governance Report: Graphic: BASF SE’s two-tier management system Supervision of company management by the Supervisory Board Report of the Supervisory Board: Independence and efficiency review Compensation Report
2-19	Remuneration policies	Compensation Report
2-20	Process to determine remuneration	Environmental, Social and Governance: Employees: Compensation and benefits Mutual respect and open dialog Report of the Supervisory Board: Compensation and composition of the Board of Executive Directors Compensation Report Annual Shareholders' Meeting 2023	Due to the heterogenous nature of legal requirements around the world, this dialog is implemented in accordance with the statutory framework by the countries and companies responsible in each case.
2-21	Annual total compensation ratio		Fair compensation is a relevant topic for BASF. This includes aspects of internal (distribution) equity and socially acceptable minimum compensation. Our compensation is therefore based on three principles: function, market and performance orientation. Furthermore, it is important to us that minimum standards for compensation are complied with and, where possible, exceeded. BASF regularly monitors compliance with minimum standards around the world. However, BASF does not consider the compensation indicators required by GRI 2-21 to be a meaningful assessment of the fairness of compensation structures. For this reason, such indicators are neither measured nor reported by BASF.
2-22	Statement on sustainable development strategy	Letter from the Chairman of the Board of Executive Directors
2-23	Policy commitments	Material topics in focus: Our Values and Global Standards Our Sustainability Concept: Our strategic approach Material topics in focus: Responsibility for Human Rights, Labor and Social Standards Environmental, Social and Governance: Supplier Management: What we expect from our suppliers Our Management and Control Systems: Responsible Care Management System Material topics in focus: Occupational Safety and Health Protection: Strategy and Governance Material topics in focus: Process Safety Corporate, Information and Cybersecurity Product Safety: Strategy and Governance Global chemicals regulations Material topics in focus: Product Stewardship for Crop Protection Products and Seeds Transportation Safety: Strategy and Governance Preventive safety measures Compliance Website: Policy commitment	BASF’s human rights position was further developed as part of the implementation of the requirements of the SCA and approved by the Board of Executive Directors in November 2022. The updated version of the policy commitment is available externally at www.basf.com/humanrights. All employees receive training on our Code of Conduct upon joining the company. They are obligated to attend refresher training every two years. In addition, all leaders and employees not covered by collective agreements confirm their adherence to our Code of Conduct every year. Governance body members are familiar with our Code of Conduct.	10	16
2-24	Embedding policy commitments	Material topics in focus: Our Values and Global Standards Our Sustainability Concept: Our strategic approach Our stakeholder management Environmental, Social and Governance: Supplier Management: What we expect from our suppliers Audit results Compliance Corporate Governance Report: Implementation of the German Corporate Governance Code (GCGC)
2-25	Processes to remediate negative impacts	Material topics in focus: Our Values and Global Standards Our Sustainability Concept: Our strategic approach Measuring sustainable value added Environmental, Social and Governance: Stakeholder Engagement Material topics in focus: Responsibility for Human Rights, Labor and Social Standards Environmental, Social and Governance: Employees: Employee engagement Compliance Forecast: Opportunities and Risks Corporate Governance Report: Direction and management by the Board of Executive Directors Supervision of company management by the Supervisory Board	Our strategic evaluation process to define new focus topics along the value chain was discussed by the Human Rights Advisory Council, the Nature Advisory Council as well as by the Board of Executive Directors, among other bodies. The Board of Executive Directors resolved on the further course of action. Website AEPW: https://www.basf.com/global/de/who-we-are/sustainability/we-produce-safely-and-efficiently/environmental-protection/resources-and-ecosystems/engagement-against-plastic-waste/Alliance-to-end-plastic-waste.html
2-26	Mechanisms for seeking advice and raising concerns	Material topics in focus: Our Values and Global Standards Our Sustainability Concept: Our strategic approach Material topics in focus: Responsibility for Human Rights, Labor and Social Standards Compliance: Monitoring adherence to our compliance principles		10	16
2-27	Compliance with laws and regulations	Consolidated Financial Statements: Notes: Risks from litigation and claims	Any risks from litigation or claims are disclosed in the Notes to the Consolidated Financial Statements. There were no significant cases of noncompliance with laws by BASF in the business year. No significant fines had to be paid in the business year.
2-28	Membership associations	Environmental, Social and Governance: Emergency Response Compliance: Monitoring adherence to our compliance principles	Overview of networks in which BASF is active: https://www.basf.com/global/en/who-we-are/sustainability/management-goals-and-dialog/networks.html
2-29	Approach to stakeholder engagement	Our Sustainability Concept: Our strategic approach Our stakeholder management Environmental, Social and Governance: Employees: Employee engagement Mutual respect and open dialog Stakeholder Engagement Environmental, Social and Governance: Quality Management: Quality management system	We have defined persons responsible for the dialog with individual stakeholder groups. These engage in constructive dialog with stakeholders relevant to BASF (e.g., between employee and employer representatives, between business units and customers, with politics, investors, media and other social stakeholders). To even better understand our customers' needs, we regularly ask them for feedback on our performance. We introduced the Net Promoter System® worldwide to establish an ongoing and more intensive dialog with our customers as well as to further increase customer satisfaction and loyalty. Via a digital platform, we are creating a framework for learning from feedback and acting quickly. We also worked on an expanded IT-based solution for managing our customer relationships (customer relationship management system).
2-30	Collective bargaining agreements	Environmental, Social and Governance: Employees: Mutual respect and open dialog Material topics in focus: Responsibility for Human Rights, Labor and Social Standards: International labor and social standards	Ca. 91% of employees are employed by a company where working conditions are based on a collective agreement with trade unions or agreements with an internal employee representative body. BASF monitors the national law of all of the countries in which it operates as part of a global management process and evaluates compliance with the International Labor and Social Standards (ILSS), including freedom of association. If a country’s national law contains no or lower requirements, action plans are drawn up to successively close these gaps in a reasonable time frame. If conflicts with national law or practices arise, we ensure that we act in accordance with our values and internationally recognized principles and do not violate the law of the country concerned. We are also committed to social dialog with employee representatives where freedom of association is not guaranteed under national law to the same extent as in European legal systems.	3	8