Content and structure
After delisting from the NYSE, we retained, in an adjusted form, the internal control system for financial reporting based on the guidelines of the Sarbanes-Oxley Act. Internal control mechanisms ensure the reliability of the information we report. The management of BASF confirmed the effectiveness of the internal control system as well as the compliance with regulations relevant to financial reporting.
Together with our external partners, we regularly analyze and assess the topics of sustainability that are relevant to BASF. We identify topics of global interest and topics which represent risks or opportunities for the BASF Group today or in the future. The results of these processes are incorporated into this report as well as the results from our annual stakeholder survey on reporting and our dialogue with stakeholders. The sustainability reporting follows the international guidelines (G3) of the Global Reporting Initiative (GRI). It also serves as a progress report for the implementation of the ten principles of the United Nations Global Compact. The symbol within the text of the report indicates the relevance to the principles of the U.N. Global Compact.
All data and bases of calculation in this report are in line with international standards for financial and sustainability reporting. All corporate information is sourced from BASF documents as well as from central queries to the appropriate competence centers and regions. The reporting period is calendar year 2008.
Our data collection methods for environmental protection and safety are based on the recommendations of the European Chemical Industry Council (CEFIC). In the area of emissions and energy, we report on approximately 98% of all emissions from our worldwide production sites. The emissions of joint venture companies are included pro rata based on our stake. Information on work-related accidents is compiled worldwide at our production and administrative sites. Accidents at joint venture sites are compiled and reported in total. In the reporting year 2008, we continued to improve the data collection on environmental protection and safety. In these areas, data processing systems were optimized and the data collection frequency was increased. Unless otherwise indicated, additional information on social responsibility is based on all consolidated Group companies. All employees in the BASF Group as of December 31, 2008, are represented in the information.
To increase the relevance of this report, information available up to the editorial deadline of February 24, 2009 has been included. The report is published each year in mid-March in English and in German.
- BASF In Brief 2008 offers a quick overview of the entire reporting year and provides concise reporting on how BASF is contributing to important issues of the future.
More information can be found at
- More information on the subject of sustainability can be found at
- More information on our can be found at
- More information on our contribution to solving global challenges can be found at
- More information on GRI- and Global Compact-Index can be found in the chapter “”
- More information on emissions can be found in the chapters “”, ““, “”, “” and “”
- More information on work-related accidents can be found in the chapter