BASF is the worlds leading chemical company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of about â‚¬63.9 billion in 2010 and had approximately 109,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt, London and Zurich.
BASF has set global standards for all sites and uses various systems to monitor whether BASF sites adhere to these environmental and safety standards as well as commitments to labor and social standards and compliance. BASF conducts internal
audits on process safety, occupational health and safety, and environmental protection. To evaluate labor and social standards, a three-part monitoring system is used that includes an anonymous compliance hotline, an annual global survey in Group companies and close dialogue with employee representatives and international organizations.
BASF brings its expertise into customer relationships through the initiative Success â€“ Added Value through Sustainability. Here, business units investigate how they can broaden and strengthen relationships to customers and suppliers
with sustainability. One example is our S.E.T. (Sustainability, Eco-efficiency, Traceability) initiative, which helps food and feed producers to develop sustainable products. BASF also developed the Eco-Efficiency Analysis as a strategic tool for the evaluation of products and processes. It compares the economic benefits of a product to its impact on the environment through its entire lifecycle.