BASF is one of the world's largest chemical producers, active in 80 countries and operating close to 400 production sites. Its business segments are chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. Its agricultural activities include the production of fungicides, herbicides, insecticides and seed treatment products. The company is also active in both conventional plant breeding, such as through its vegetable seed subsidiary Nunhems, and genetic engineering on field crops. In 2018, BASF acquired a range of businesses and assets from Bayer after the latter's purchase of Monsanto.

Baseline assessment

Environment

Started the journey

Nutrition

Started the journey

Social inclusion

On track

Summary

BASF publicly discloses several detailed commitments and policies, especially in the social inclusion dimension. Regarding GHG emissions, BASF aims to stabilise emissions in its operations (‘grow CO2-neutrally’) and support farmers in reducing CO2 emissions by 30% in field crop production. The company also aims to source sustainable palm oil and introduce water management in all water-stressed areas. On other topics such as soil health, fertiliser use, food loss and plastic use, BASF does not have time-bound targets but is actively developing products that seek to have a positive impact, although detailed reporting is not consistent. In the nutrition dimension, BASF supports multi-stakeholder initiatives for improved nutrition through its Food Fortification Initiative to combat deficiencies of nutrients such as vitamin A, iron, iodine or zinc. It shares no position on workforce nutrition, however. In the social inclusion dimension, BASF is committed to eliminating child and forced labour and ensuring health and safety, both across its own operations and supply chain. The company also has active programmes for smallholder palm oil, castor oil and coconut farmers and encourages suppliers to pay their workers a living wage. However, no position was found on protecting the rights of local or vulnerable communities.

Food and Agriculture Benchmark

The Food and Agriculture Benchmark will assess 350 keystone companies on the issues underpinning the food system transformation agenda. The benchmark’s aim is to stimulate companies to apply sustainable business practices throughout their operations as well as use their influence to encourage value chain partners to do the same. WBA has organised the food and agriculture value chain into six sub-sectors. These sub-sectors are also reflected in the methodology framework.

Food and agriculture revenue
EUR 7,814,000,000
Food and agriculture revenue USD
USD 8,747,576,000
Onwnership structure
Publicly listed
Number of employees
122,404

Value chain sub-sectors

Other benchmarks

The company is also included in the following benchmarks developed by WBA and our Allies. These benchmarks help to deepen our understanding on key issues and industries.