Green finance: BASF has established a green finance framework under which the company intends to issue green finance instruments to finance and/or refinance sustainable products or projects with a clear benefit to environment and/or society. The International Capital Markets Association (ICMA) Green Bond Principles are a set of voluntary guidelines that recommend transparency and disclosure and promote integrity in the development of green financing instruments. The BASF green finance framework follows the ICMA Green Bond Principles 2018 edition as well as the Loan Market Association (LMA) Green Loan Principles 2018 edition: Source: Green Finance (basf.com). On June 5, 2020, BASF issued its inaugural green bond with a volume of €1.0 billion (“2020 Green Bond”) as the first European chemical company. On March 17, 2022, BASF issued its second green bond with a volume of €1.0 billion (“2022 Green Bond”). With this, investors can participate in the financing of BASF’s green projects and products that are in line with BASF’s Green Finance Framework (“GFF”). BASF is in the process of allocating the 2022 green bonds. Any further issuing will be taken into consideration afterwards.