Sustainability
Human Capital Index
Community Relations (SASB Code: RT-CH-210a.1)
Accounting metric
Discussion of engagement processes to manage risks and opportunities associated with community interests
Information
BASF draws on the competence of global initiatives and networks, and contributes its own expertise. BASF is active in worldwide initiatives with various stakeholder groups. These include the Business for Inclusive Growth initiative, which was established in 2019 by a coalition of 40 international companies who have joined forces with the G7 countries and the OECD to strengthen equality of opportunity and tackle regional disparities.
“Responsible Care Management” system: Regular audits help to ensure that standards for safety, security, health and environmental protection are met. BASF conducts regular audits every three to six years at all BASF sites and at companies in which BASF is a majority shareholder. BASF uses an audit database to ensure that all sites and plants worldwide are audited.
“Safety in Production”: Global safety standards; strengthening risk awareness; comprehensive incident analyses; global experience and information exchange
BASF has committed itself to observing international labor and social standards, which it has embedded in its Global Code of Conduct.
This encompasses internationally recognized labor norms as stipulated in the United Nations’ Universal Declaration of Human Rights, the OECD Guidelines for Multinational Enterprises, and the Tripartite Declaration of Principles Concerning Multinational Enterprises and Social Policy of the International Labour Organization (ILO). BASF is committed to complying with these standards worldwide.
Source
BASF Report 2019: Integration of Sustainability: Stakeholder Engagement, p. 39
BASF Report 2019: Environmental Protection, Health and Safety, p. 108-109
BASF Report 2019: Employees: International Labor and Social Standards, p. 131
Comment/Additional Information
BASF has been a member of the U.N. Global Compact since its establishment in 2000. As a recognized LEAD company, BASF contributes to the implementation of the Agenda 2030 and the associated goals. BASF supports projects such as the U.N. Global Compact’s Action Platforms on Decent Work in Global Supply Chains (SDG 8) and on Good Health and Well-being (SDG 3), and is a member of the U.N. Global Compact Expert Network. In addition, BASF is a founding member of a global sustainable finance initiative launched in December 2019 by a CFO taskforce. BASF is also active in 15 local Global Compact networks.
BASF Report 2019: Integration of Sustainability: Stakeholder Engagement, p. 39
BASF stipulates mandatory global standards for safety, security, and environmental and health protection. A worldwide network of experts ensures that these are implemented. As part of their continuous improvement process, BASF regularly monitors progress toward their goals.
BASF Report 2019: Safety in Production, p.109
BASF mainly approaches adherence to international labor and social standards using three elements: the Compliance Program (including external compliance hotlines), close dialog with stakeholders (such as with employee representatives or international organizations) and the BASF guideline on compliance with international labor norms, which applies Group-wide.
Workforce Health & Safety (SASB Code: RT-CH-320a.1)
Accounting metric
(1) Total recordable incident rate (TRIR) and
(2) Fatality rate for (a) direct employees and (b) contract employees
Information
(1) Total recordable incident rate: 0.3 accidents per 200,000 working hours
(2) Fatality rate: 1 fatality
(numbers include BASF employees, temporary employees and contractors)
Source
BASF Report 2019: Safety in Production: Occupational Safety, p.110
Efforts to assess, monitor, and reduce exposure of employees and contract workers to long-term (chronic) health risks (SASB Code: RT-CH-320a.1)
Accounting metric
Description of efforts to assess, monitor, and reduce exposure of employees and contract workers to long-term (chronic) health risks
Information
Global standards for corporate health management, Health Performance Index (HPI)
The HPI includes five components that are all weighted equally at 20% each:
- Recognized Occupational Diseases
- Medical Emergency Preparedness
- First Aid
- Preventive Medicine
- Health Promotion
The HPI is the central steering instrument for BASF Corporate Health Management around the world. It also transparently reflects the requirements of the Global Reporting Initiative.
Source
BASF Report 2019: Safety in Production: Health Protection, p. 111
Comment/Additional Information
More information on our Corporate Health Management:
Global Health Campaign and measures to identify and prevent long-term health risks