Separate Non-Financial Statement Combined for the WACKER Group and for Wacker Chemie AG
The Business Model of Wacker Chemie AG
WACKER is a global company with state-of-the-art specialty chemical products. The Group’s business model and legal structure are described in detail in the combined management report in the Group Business Fundamentals section.
Report Framework and Auditing
Our sustainability reporting, as well as this separate non-financial report combined for the Group (hereinafter the “Report”), are guided by the sustainability reporting standards of the Global Reporting Initiative (GRI).
The Report also constitutes the separate non-financial statement for the WACKER Group and for Wacker Chemie AG – as defined in Sections 315 b, 315 c and 289 c through 289 e of the German Commercial Code (HGB) – for the 2017 fiscal year. The Report was examined by the Supervisory Board of Wacker Chemie AG. In compliance with the revised International Standard on Assurance Engagements 3000 (ISAE 3000 (Revised): “Assurance Engagements Other Than Audits or Reviews of Historical Financial Information”), it was reviewed on behalf of the Executive Board by KPMG AG, Wirtschaftsprüfungsgesellschaft, to obtain a limited assurance engagement relating to the disclosures legally required in accordance with Sections 315 b, 315 c and 289 c through 289 e HGB.
For the sake of comparability, the figures published in the Report for both fiscal 2017 and fiscal 2016 exclude data on Siltronic AG, which was deconsolidated as of March 15, 2017.
All the references in this Report relate to more detailed information, with the exception of those relating to the Group management report.