BASF Report 2021 Corporate Governance – Compliance 173 As prescribed by BASF’s Code of Conduct and corporate values, we adhere to uniformly high standards and integrity regarding tax-related issues. To aid in the achievement of the U.N. SDGs and to meet our own standards for the creation of economic and social value, we contribute to public finances in accordance with legal requirements and our corporate values. BASF’s Value to Society method considers taxes paid by BASF to be a social advantage. In 2020, we developed and published the BASF tax principles, which are binding for all Group entities. For more information on the Supplier Code of Conduct and supplier assessments, see page 109 onward For more information on the Code of Conduct, see basf.com/code_of_conduct For more information on human rights and labor and social standards, see basf.com/human_rights For more information on on tax principles, see basf.com/en/corporategovernance