to be based on; to take into account ~
Expresses that something is done or considered based on, or taking into account, a certain fact or situation.
This pattern means that you take something as a basis or premise when doing something. It's often used in formal contexts like business, academic writing, or serious discussions. For example, you might make a decision を踏まえて the results of a survey, meaning your decision is informed by those results. The nuance is that you are consciously considering the given information, not just using it as background.
It attaches directly to a noun, and the noun is usually something abstract or factual, like 'results', 'opinions', 'the current situation', or 'past failures'. You cannot attach it to a verb or adjective directly. The pattern is followed by the action or decision that is based on that premise.
In conversation, you might hear it in meetings or formal speeches, but it's too stiff for everyday casual talk. A more casual way to say 'based on' would be に基づいて for concrete things, or を考慮して for 'considering', but を踏まえて carries a sense of 'building on' or 'in light of'.