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Last Update: 03/12/2009
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Structure and data

Content and structure

This integrated report combines our financial and sustainability reporting and is addressed to interested readers from all fields. The reporting of the BASF Group has continued to develop: For the second time, the integrated BASF Report replaces the individual financial and sustainability reports. Our dialogue with internal and external stakeholders as well as the positive feedback from our readers survey in 2008 confirmed our reporting approach. This year, we report once again in detail on how we combine economic success, social responsibility and environmental protection, in a single publication. The global reporting of the BASF Group is complemented by BASF In Brief 2008.

Topics

The information on the financial position and financial performance of BASF Group is based on the requirements of International Financial Reporting Standards (IFRS), and where applicable, the German Commercial Code and German Financial Reporting Standards (DRS).

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 Relevant to the principles of the U.N. Global Compact within the text of the report indicates the relevance to the principles of the U.N. Global Compact.

Data

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.

Additional information

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