BASF Report 2021 About This Report 6 Data reported in full. Unless otherwise indicated, data on social responsi- steering target in 2022. The links and additional content provided on bility and transportation safety refers to BASF SE and its consolidated linked internet sites are not part of the audited information. All information and bases for calculation in this report are founded subsidiaries. on national and international standards for financial and sustain- KPMG also conducted a limited assurance of the nonfinancial group ability reporting. The data and information for the reporting period The divested pigments business is included in the disclosures and statement (NFS). were sourced from the expert units responsible using representative indicators on employees, the environment, and health and safety on The Independent Auditor’s Report can be found on page 188 onward methods. Due to rounding, individual figures may not add up exactly a pro rata basis until June 30, 2021. Sales from the divested pig- An assurance statement on the sustainability information in the BASF Report 2021 can be found at to the totals shown and percentages may not correspond exactly to ments business are no longer integrated in the portfolio to be evalu- basf.com/sustainability_information the figures shown. ated under the Sustainable Solution Steering method for 2021. An assurance statement of the NFS can be found at basf.com/nfs-audit-2021 BASF Shanshan Battery Materials Co., Ltd., which was formed on The reporting period is the 2021 business year. Relevant information August 31, 2021, is included in the sustainability disclosures and Forward-looking statements and forecasts is included up to the editorial deadline of February 21, 2022. indicators on a pro rata basis. The company’s sales to third parties are already included in the sum of relevant sales according to This report contains forward-looking statements. These statements BASF Group’s scope of consolidation for its financial reporting com- the Sustainable Solution Steering method. They are listed as “not are based on current estimates and projections of the Board of prises BASF SE, with its headquarters in Ludwigshafen, Germany, assessed.” We will start classification in 2022. Executive Directors and currently available information. Forward- and all of its fully consolidated subsidiaries and proportionally con- For more information on companies accounted for in the Consolidated Financial Statements, see the looking statements are not guarantees of the future developments solidated joint operations. Shares in joint ventures and associated Notes from page 205 onward and results outlined therein. These are dependent on a number of companies are accounted for, if material, using the equity method in The list of shares held can be found at basf.com/en/corporategovernance factors; they involve various risks and uncertainties; and they are the BASF Group Consolidated Financial Statements and are thus based on assumptions that may not prove to be accurate. Such risk not included in the scope of consolidation. factors include those discussed in Opportunities and Risks on External audit pages 151 to 160. We do not assume any obligation to update the The section “Employees” refers to employees active in a company forward- looking statements contained in this report above and within the BASF Group scope of consolidation as of December 31, Our reporting is audited by a third party. KPMG AG Wirtschafts- beyond the legal requirements. 2021. prüfungsgesellschaft has audited the BASF Group Consolidated Financial Statements and the Management’s Report and has Our data collection methods for environmental protection and safety approved themn free of qualification. are based on the recommendations of the International Council of Chemical Associations (ICCA) and the European Chemical Industry The limited assurance of the sustainability information contained in Council (CEFIC). In the section “We Produce Safely and Efficiently,” the Management’s Report was conducted in accordance with we report all data of the worldwide production sites of BASF SE, its ISAE 3000 (Assurance Engagements other than Audits or Reviews fully consolidated subsidiaries, and proportionally consolidated joint of Historical Financial Information) and ISAE 3410 (Assurance operations. BASF SE subsidiaries that are fully consolidated in the Engagements on Greenhouse Gas Statements), the relevant inter- Group financial statements in which BASF holds an interest of less national assurance standards for sustainability reporting. KPMG than 100% are included in full in environmental reporting. The emis- conducted a reasonable assurance of all disclosures on the most sions of proportionally consolidated joint operations are disclosed important nonfinancial key performance indicators, accelerator pro rata according to our interest. Work-related accidents at all sites sales and CO emissions. The forecast for the key performance 2 of BASF SE and its subsidiaries as well as joint operations and joint indicator CO emissions is also part of the Management’s Report 2 ventures in which we have sufficient authority in terms of safety and is covered by the annual audit. No forecast has been made for management are compiled worldwide regardless of our interest and the previous Accelerator target as we plan to update our portfolio