We source responsibly and strive to improve sustainability performance in the supply chain Goal: Cover 90% of our relevant spend1 with sustainability evaluations by 2025 (2021: 85%), and have 80% of our suppliers improve their sustainability performance upon re-evaluation (2021: 74%) Supplier Code of Conduct rooted in internationally recognized standards such as the principles of the UN Global Compact and the International Labor Organization Engaged in more than 20 initiatives to improve sustainability performance and working conditions in the supply chain, e.g., Global Battery Alliance (GBA), Responsible Cobalt Initiative (RCI), Roundtable on Sustainable Palm Oil (RSPO) Founding member of the “Together for Sustainability” initiative for the joint evaluation of suppliers: – 5,817 online assessments and 284 audits carried out by an independent service provider for member companies in 2021 – BASF itself is assessed and was ranked among the top 1% of companies in 2021 1 We understand relevant spend as procurement volumes with relevant suppliers. We define relevant suppliers as Tier 1 suppliers showing an elevated sustainability risk potential as identified by our risk matrices and our purchasers’ 32 December2022 | BASF ESG Investment Story assessments. We also use further sources of information to identify relevant suppliers such as evaluations from Together for Sustainability (TfS), a joint initiative of chemical companies for sustainable supply chains.
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