Targets and Target Achievement 2023

Profitable growth

Achieve a return on capital employed (ROCE) considerably above the cost of capital percentage every year

Grow sales volumes faster than global chemical production every year

Increase EBITDA before special items by 3% to 5% per year

Increase the dividend per share every year based on a strong free cash flow.

Effective climate protection

Reduce our absolute CO₂ emissions (Scope 1 and 2) by 25% by 2030 (baseline: 2018)¹

Reduce our specific CO₂ emissions (scope 3.1) by 15% by 2030 (baseline: 2022)²

Responsible procurement

Cover 90% of our relevant spend with sustainability evaluations by 2025

Have 80% of our suppliers improve their sustainability performance upon reevaluation

Resource-efficient and safe production

Reduce worldwide high-severity process safety incidents per 200,000 working hours to ≤0.10 by 2030⁴

Reduce our worldwide high-severity work process-related injuries per 200,000 working hours to ≤0.05 by 2030⁴

Introduce sustainable water management at our production sites in water stress areas and at our Verbund sites by 2030

Committed employees and diversity

Increase the proportion of women in leadership positions with disciplinary responsibility to 30% by 2030

More than 80% of our employees feel that at BASF, they can thrive and perform at their best

Reduction targets

1 Scope 1 and Scope 2 (excluding the sale of energy to third parties). The target includes greenhouse gases according to the Greenhouse Gas Protocol, which are converted into CO₂ equivalents (CO₂e). The baseline year is 2018.

2 Scope 3.1, raw materials excluding battery materials, services and technical goods, excluding greenhouse gas emissions from BASF trading business. Future adjustment of the baseline in line with the TfS guideline possible depending on the availability of further primary data. The baseline year is 2022.

3 The figure for 2022 was adjusted due to increased data availability.

4 We updated the safety targets in 2023.

5 We regularly calculate the employee engagement level. The most recent survey was conducted in 2023.

We act in line with the UN Sustainable Development Goals

Loading ...

End poverty in all its forms everywhere.

End hunger, achieve food security and improved nutrition, and promote sustainable agriculture.

Ensure healthy lives and promote well-being for all at all ages.

Ensure inclusive and equitable quality education and promote life-long learning opportunities for all.

Achieve gender equality and empower all women and girls.

Ensure availability and sustainable management of water and sanitation for all.

Ensure access to affordable, sustainable, and reliable modern energy for all.

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

Reduce inequality within and among countries.

Make cities and human settlements inclusive, safe, resilient and sustainable.

Ensure sustainable consumption and production patterns.

Take urgent action to combat climate change and its impacts.

Conserve and sustainably use the oceans, seas and marine resources for sustainable development.

Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss.

Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.

Strengthen the means of implementation and revitalize the global partnership for sustainable development.