Overview

• BASF is accelerating the divestment of its stakes in two joint ventures in Xinjiang, China, due to allegations of human rights abuses.
• The company conducted its own due diligence, which did not find evidence of human rights violations in the joint ventures.
• Political pressure and a campaign urging BASF to exit Xinjiang intensified after German media reports on the involvement of its joint venture partner in suppressing the Uyghur minority.
• BASF's decision to divest is also influenced by high carbon dioxide emissions and competitive market pressures.
• Despite the divestment, BASF's overall presence and planned investments in China remain unchanged.