Transformation towards a sustainable future Saori Dubourg Member of the Board of Executive Directors of BASF SE dbAccess ESG Conference, March 2, 2021 1 June 2020 

Cautionary note regarding forward-looking statements This presentation contains forward-looking statements. These statements are based on current estimates and projections of the Board of Executive Directors and currently available information. Forward-looking statements are not guarantees of the future developments and results outlined therein. These are dependent on a number of factors; they involve various risks and uncertainties; and they are based on assumptions that may not prove to be accurate. Such risk factors include those discussed in Opportunities and Risks on pages 158 to 166 of the BASF Report 2020. BASF does not assume any obligation to update the forward-looking statements contained in this presentation above and beyond the legal requirements. 2 March 2, 2021 | Transformation towards a sustainable future 

Sustainability is on top of the agenda What political leaders around the globe are saying …and how investors are allocating capital 2001 – 2019 ESG fund development “We will put America back in the business of in $ billion leading the world on climate change.” # of funds Joe Biden, President of the USA # of ESG funds Asset flow cumulated “I want Europe to become the first climate neutral continent in the world by 2050.” Ursula von der Leyen, President European Commission Source: EPFR, BofA Merrill Lynch (2019) “We aim to have CO2 emissions peak before 2030 “I believe that this is the beginning of a and achieve carbon neutrality before 2060.” long but rapidly accelerating transition.” Xi Jinping, President of China Larry Fink, CEO BlackRock 3 March 2, 2021 | Transformation towards a sustainable future 

Green Deal: Europe’s ‘Man on the Moon’ moment Selected Green Deal objectives CO2 First climate-neutral continent by 2050 Lead the way to a circular economy Move to a zero-pollution environment Accelerate to a sustainable food system More space for differentiation by sustainable innovations and technologies 4 March 2, 2021 | Transformation towards a sustainable future 

Assessment of Green Deal impact on BASF portfolio Selected Green Deal areas with high relevance for BASF Farm Transition Sustainable Clean, reliable A zero Achieving to fork to a circular transport & affordable pollution climate economy energy Europe neutrality CO2 act Imp ess Busin Decreasing impact 5 March 2, 2021 | Transformation towards a sustainable future 

Farm to Fork: More than €100 billion market potential in future innovation markets Green Deal EU 2030 targets Strategic Innovation Market Global Market Potential 2030 (€ billion) Reduce chemical plant 1 Application technologies Farm to Fork: protection by 50% 2 Digital services Sustainable Agriculture 3 Precision farming 4 Sustainable crop protection Reduce nutrient losses 5 Seeds & traits and fertilizer use > 20% 6 Seed & post-harvest treatment 7 Innovative farming Reduce therapeutic anti- 8 Sustainable animal feed microbials by 50% 9 Greenhouse gas emission reduction (animal health) 10 Sustainable additives 11 Alternative proteins Transform 25% of farmland 12 Healthy nutrition into organic farming 13 Natural formulations 6 March 2, 2021 | Transformation towards a sustainable future 

Accelerating growth in future innovation markets Farm to Fork: 1 2 3 4 5 Sustainable Agriculture Application Digital services Precision farming Sustainable crop Seeds & technologies protection traits 6 7 8 9 10 Seed & post-harvest Innovative farming Sustainable animal feed Greenhouse gas Sustainable additives treatment emission reduction 11 12 13 Alternative proteins Healthy nutrition Natural formulations 7 March 2, 2021 | Transformation towards a sustainable future 

A new growth paradigm: In future, less is more 1945 Today Smart Resource Usage “Value” Globalization 8 8 March 2, 2021 | Transformation towards a sustainable future 

We are transforming our business 9 March 2, 2021 | Transformation towards a sustainable future 

1 Portfolio: We drive the transformation with our Sustainable Solution Steering Absolute sales 2020 Sales shares of contributing Primarily billion € Accelerators (%) addressed SDGs 16.7 Cost savings downstream Biodiversity and renewables Sustainable Climate change and energy 30.5 Solution Emission reduction Steering Resource efficiency Water Health and safety Hunger and 6.8 0.1 poverty (including double nominations) 10 March 2, 2021 | Transformation towards a sustainable future 

We develop innovations for a sustainable future: Our Accelerators ® ® ® SLENTEX –high-performance ecovio M2351 –biodegradable Acronal MB –from biomass flexible insulation material mulch film to avoid white pollution to dispersions Formic acid – ecoefficient runway Inscalis® – insecticide with Synative® ES TMP – biodegradable and road deicing unique mode of action marine lubricants 11 March 2, 2021 | Transformation towards a sustainable future 

2 Carbon Management: Reducing CO2 emissions since 1990 – our goal is CO2-neutral growth until 2030 1 Development of BASF greenhouse gas emissions Schematic overview, scope 1 and 2, million metric tons of CO2 equivalents 40.1 Without active carbon management: Estimated emissions from planned production growth 21.9 2030 target: CO -neutral growth 2 1990 2018 2030 2050 1 BASF operations excluding the discontinued oil and gas business; includes other greenhouse gases according to 12 March 2, 2021 | Transformation towards a sustainable future the Greenhouse Gas Protocol, which are converted into CO2 equivalents 

Product Carbon Footprints create transparency for customers 20,000 1011101 raw materials 0101000 1011101 Product Carbon 0101010 0101010 700 0101010 1011110 Footprints of Scope 3 1010111 1010101 1010101 1010010 production plants 0110100 1010010 CO 1011101010 1010100 1000010101 0101010 2 ~45,000 10 TWh/a Scope 1 001010 10100 sales products energy Scope 2 13 March 2, 2021 | Transformation towards a sustainable future 

3 Circular economy: Closing the loop with new business models and innovative approaches like ChemCyclingTM Converting plastic waste and end-of-life tires into liquid feedstock TM ChemCycling Investments into Quantafuel (pyrolysis of mixed plastic + can handle mixed waste) and Pyrum (pyrolysis of end-of-life tires) and uptake plastic waste supply agreements with both companies. + produces virgin grade raw materials Agreement with New Energy for uptake of pyrolysis oil + replaces virgin derived from end-of-life tire. fossil resources + CO emissions 2 1 prevented Complementary to mechanical recycling 14 March 2, 2021 | Transformation towards a sustainable future 1 Compared to conventional plastic production and incineration of plastic waste 

BASF’s Circular Economy Program: Targets 250,000 metric tons of circular feedstock by 2025 Double circular sales to €17 billion by 2030 Prioritize related capex, M&A, R&D 15 March 2, 2021 | Transformation towards a sustainable future 

Measuring the value contribution of businesses 16 March 2, 2021 | Transformation towards a sustainable future 

17 Our value to society for a better future Full supply chain Own operations Customer industries Indirect suppliers | Direct suppliers Direct customers in industries supplied by us Net Income Amortization Taxes Wages & benefits Human Capital Health & safety Air emissions GHG Land use Waste Water consumption Water emissions value in € billion 17 March 2, 2021 | Transformation towards a sustainable future 

Joining forces for a social-ecological market economy Member companies1 Pro-bono consultants Cooperation with Public funding Strategic Successfully piloted international and mandates partnerships organizations 18 March 2, 2021 | Transformation towards a sustainable future 1 As of January 2021, Anglo American and DPDHL joined VBA 

“Business success tomorrow means creating value for the environment, society and businesses.” 19 19 March 2, 2021 | Transformation towards a sustainable future 

We have defined ambitious, comprehensive sustainability goals to steer our transformation Effective climate protection Target 2020 status SDG Sustainable product portfolio Target 2020 status SDG Grow CO -neutrally until 2030 ≤ 21.9 20.8 Achieve €22 billion in Accelerator sales2 €22.0 €16.7 2 million million billion billion (Development of carbon emissions compared by 2025 1 metric metric with baseline 2018 ) tons tons Resource efficiency and safe production Target 2020 status SDG Employee engagement and diversity Target 2020 status SDG Reduce worldwide process safety incidents ≤ 0.1 0.3 Increase the proportion of women in 30% 24.3% per 200,000 working hours to ≤ 0.1 by 2025 leadership positions with disciplinary responsibility to 30% by 2030 Reduce the worldwide lost-time injury rate  ≤ 0.1 0.3 More than 80% of our employees feel that at > 80% 82% per 200,000 working hours to ≤ 0.1 by 2025 BASF, they can thrive and perform at their best Introduce sustainable water management at 100% 46.2% Responsible procurement our production sites in water stress areas Cover 90% of our relevant spend3 with 90% 80% and at our Verbund sites by 2030 sustainability evaluations by 2025 Have 80%of our suppliers improve their 80% 68% sustainability performance upon re-evaluation 1 Includes other gases according to the Greenhouse Gas Protocol, which are converted into CO2 equivalents 2 Products with substantial contribution to sustainability 3 Relevant spend; based on risk matrices, purchasers’ assessments and other sources 21 March 2, 2021 | Transformation towards a sustainable future 