BASF Accelerates Divestment from Xinjiang Joint Ventures Amid Human Rights Concerns

The German chemical giant is hastening its exit from two joint ventures in China's Xinjiang region, following allegations of human rights abuses by its business partner.

• 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.

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