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BASF Report 2020 Economic, Environmental and Social Performance Key Data

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BASF Report 2020 Economic, Environmental and Social Performance Key Data BASF Report 2020 Economic, environmental and social performance Key data 2020 2019 +/– 2020 2019 +/– Sales million € 59,149 59,316 –0.3% Employees at year-end 110,302 117,628 –6.2% BASF EBITDA before special itemsa million € 7,435 8,324 –10.7% Personnel expenses million € 10,576 10,924 –3.2% EBITDAa million € 6,494 8,185 –20.7% Research and 2,086 2,158 –3.3% development expenses million € EBIT before special itemsa million € 3,560 4,643 –23.3% Greenhouse gas million metric tons a c 20.8 20.1 3.5% EBIT million € –191 4,201 . emissions of CO2 equivalents Net income million € –1,060 8,421 . Energy efficiency in kilograms of sales Group 540 598 –9.7% production processes product/MWh ROCE % 1.7 7.7 – Accelerator sales million € 16,740 15,017 11.5% Earnings per share € –1.15 9.17 . Number of on-site sustainability 50 81 –38.3% Total assets million € 80,292 86,950 –7.7% audits of raw material suppliers Investments including 4,869 4,097 18.8% a Restated figures 2019; for more information, see the Notes to the Consolidated Financial Statements from 2020 b acquisitions million € page 232 onward b Additions to property, plant and equipment and intangible assets At a glance c Excluding sale of energy to third parties Segment data Chemicals Million € Materials Million € Sales 2020 8,071 Sales 2020 10,736 2019 9,532 2019 11,466 EBIT before special items 2020 445 EBIT before special items 2020 835 2019 791 2019 1,003 Page 72 Page 78 Industrial Solutions Million € Surface Technologies Million € Sales 2020 7,644 Sales 2020 16,659 2019 8,389 2019 13,142 EBIT before special items 2020 822 EBIT before special items 2020 484 2019 820 2019 722 Page 83 Page 89 Nutrition & Care Million € Agricultural Solutions Million € Sales 2020 6,019 Sales 2020 7,660 2019 6,075 2019 7,814 EBIT before special items 2020 773 EBIT before special items 2020 970 2019 793 2019 1,095 Page 94 Page 100 Welcome to BASF Our integrated corporate report combines financial and sustainability reporting to inform shareholders, employees and the interested public about the 2020 business year. On the cover: The new acetylene plant at the Verbund site in Ludwigshafen, Germany, was gradually started up over a period of several months and has been in operation since 2020. It has an annual production capacity of 90,000 metric tons of acetylene. Around 20 plants in the BASF Production Verbund use acetylene as a versatile chemical component. For more information on the acetylene plant, see basf.com/acetylene This page: BASF presented a new, highly efficient process for chemically recycling battery materials at its Research Press Conference in December 2020. This recovers the lithium contained in batteries in high purity and with high yields. The process also reduces waste and greenhouse gas emissions compared with existing methods. For more information on battery recycling, see page 37 The people pictured in this report complied with the local coronavirus regulations in force at the time the photos were taken. About This Report 5 4 Contents Consolidated Financial Statements 212 Statement by the Board of Executive Directors 213 Detailed tables of contents can be found 1 Independent Auditor’s Report 214 on each colored chapter divider Statement of Income 222 To Our Shareholders 7 Statement of Income and Expense Recognized in Equity 223 Letter from the Chairman of the Board of Executive Directors 8 Balance Sheet 224 The Board of Executive Directors of BASF SE 11 Statement of Cash Flows 226 BASF on the Capital Market 12 Statement of Changes in Equity 227 Notes 228 2 5 Management’s Report 16 Overview 17 Overviews 313 The BASF Group 20 Ten-Year Summary 314 Our Strategy 26 Glossary and Trademarks 318 The BASF Group’s Business Year 50 Responsible Conduct Along the Value Chain 110 Forecast 152 About This Report 1 To Our Shareholders 2 Management’s Report 3 Corporate Governance 4 Consolidated Financial Statements 5 Overviews How We Create Value How We Create Value The overview provides examples of how we create value for our shareholders, our company, the environment and society. It is modeled on the framework of the International Integrated Reporting Council (IIRC). 1 INPUTS We use a wide range of resources to implement our customer-focused strategy. Financial Innovation Operations Environment Employees Partnerships 3 Our aim is to ensure solvency, We develop innovative Safety, quality, and reliability We use natural resources to Everything we do is based Trust-based relationships are limit financial risks and optimize solutions for and with our cus- are key to excellence in our manufacture products and on the expertise, knowledge, crucial to our license to operate the cost of capital. tomers to expand our leading production and plant opera- solutions with high value added motivation and conduct of and our reputation position. tions. for our customers. our employees. €80.3 billion ~10,000 €2.9 billion 1.2 MMT 110,302 >250 Total assets R&D employees Capex Renewable raw materials Employees around the world Cooperations with research purchased institutes 42.8% €2.1 billion 55.0 million MWh 1,728 million m³ €10.6 billion >70,000 Equity ratio R&D expenses Electricity and steam demand Total water usage Personnel expenses Tier 1 suppliers BUSINESS MODEL Our corporate purpose: Innovative products and solutions Corporate Governance 167 We create chemistry for a sustainable future help to use resources more efficiently and overcome global challenges Comprehensive product portfolio with high synergies Strategy Segments from basic chemicals to high value-added specialty products Innovation Chemicals Efficient production thanks to integrated value chains and our Verbund system Sustainability In focus: Materials our customers Operations Industrial Solutions Eleven divisions organized into six segments ~90,000 customers from aligned with value chains, customer needs and market requirements Corporate Governance Report 168 almost all sectors and Digitalization countries Surface Technologies Global, customer-focused presence Portfolio Nutrition & Care with around 250 production sites worldwide, including six Verbund sites People Agricultural Solutions Differentiated business strategies from cost leadership to custom system solutions Our core values: Effective corporate governance Compliance 177 creative, open, responsible, entrepreneurial ensures responsible conduct along the value chain 1 The content of the graphic on pages 24 and 25 been audited within the scope of the relevant sections of the Management’s Report in which they appear. OUTPUTS We focus on material sustainability topics and evaluate the opportunities and risks of our actions. Financial Innovation Operations Environment Employees Partnerships €59.1 billion ~950 ~45,000 43.4% 24.3% 678 Management and Supervisory Boards 180 Sales New patents worldwide Sales products Share of our waste recycled Women in leadership Suppliers screened through or thermally recovered positions Together for Sustainability €3.6 billion €16.7 billion 6.2 MMT CO2 80.7% 82% 61 EBIT before special items Sales from Accelerator avoided by the Verbund and Cooling water recirculated Engagement index according Internal audits on our products combined heat and power to 2020 employee survey compliance standards generation Compensation Report 183 OUTCOMES We want to increase our positive contributions, reduce negative impacts and carefully assess conflicting goals^1 Economic Environmental Social How we create value – an overview We make positive contributions by We make positive contributions by operating our plants We make positive contributions because we efficiently and creating products that ▪ Driving forward growth, progress and value creation ▪ Offer products that improve people’s quality of life ▪ Strengthening our customers’ competitiveness and innovative ▪ Help to use natural resources more efficiently ▪ Provide attractive jobs, train young people and promote Report of the Supervisory Board 203 + strength with products and technologies ▪ Enable climate-smart mobility lifelong learning, health and diversity of BASF’s business model based on ▪ Accelerating the digital transformation of the industry ▪ Improve the capabilities of renewable energy ▪ Pay taxes and competitive wages and salaries ▪ Offering our investors an attractive dividend yield ▪ Reduce emissions and resource consumption ▪ Help to solve challenges (for example, COVID-19) Potential negative impacts Negative impacts Potential negative impacts ▪ Weaker contributions to growth and value creation due to ▪ The emission of CO2 and other gases that damage the climate ▪ The risk of our suppliers violating labor, environmental and reduced demand from our customer industries as a result of the ▪ The consumption of raw materials and the creation of social standards in the production of raw materials coronavirus pandemic non-recyclable waste in our production Lower demand for employees in some areas as a result of the framework developed by the – ▪ Declaration of Conformity Pursuant to Section 161 AktG 210 ▪ A weaker share performance on the capital market ▪ The potential misuse of our products digitalization and efficiency gains We limit negative impacts through We limit negative impacts through We limit negative impacts through ▪ The disciplined implementation of our corporate strategy ▪ Our carbon management ▪ Our sustainability-oriented supply chain management ▪ Active portfolio management ▪ Our Circular Economy Program ▪ Projects to improve sustainability in the supply chain International Integrated Reporting ▪
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