BASF announced today an increased projected peak sales potential for its innovation pipeline of agricultural solutions of more than €7.5 billion. By 2029, the company will launch more than 30 key projects, including novel seeds and traits, chemical and biological crop protection, digital products and new formulations broadening its offer. In line with its strategy in agriculture, the company increases focus on connected solutions for farmers to enable balancing agricultural productivity, environmental protection and society’s needs. BASF will build on its research and development (R&D) investment for agricultural solutions over recent years with a planned expenditure in 2020 around the prior-year level. In 2019 alone, the company spent €879 million in research and development in the Agricultural Solutions division; representing around 11% of sales for the segment.
By 2030, BASF wants to increase the proportion of women in leadership positions to 30 percent worldwide. At the end of 2019, the proportion of female managers was 23.0 percent (2018: 21.7 percent). In 2015, BASF had set itself the target of increasing the proportion of women in leadership roles to 22 to 24 percent as of 2021, which it achieved ahead of schedule at the end of 2019.
On Friday, February 28, 2020, the Annual Press Conference of BASF SE will be held in Ludwigshafen, Germany. At 10:30 a.m. (CET) BASF’s Chairman of the Board of Executive Directors Dr. Martin Brudermüller and CFO Dr. Hans-Ulrich Engel will present the 2019 financial results. The conference will be transmitted via the internet.