December 11, 2019

[Coporate News] Bayer to significantly step-up its sustainability efforts

Bayer has today announced a set of comprehensive sustainability measures and new commitments from 2020 onward.

 

CO2 emissions are a main reason for climate change. Bayer is aiming to become carbon-neutral in its own operations by 2030

In line with the Sustainable Development Goals of the United Nations and the Paris Agreement, the company has set ambitious targets to be achieved by 2030. “By making sustainability an even stronger part of our strategy and operations, we aim to achieve long-term returns and generate a positive impact for society and the environment,” said Werner Baumann, chairman of the Board of Management of Bayer AG.

The world is collectively facing an unprecedented challenge to ensure that a growing and ageing world population has the chance to thrive while using the planet’s resources in a more sustainable way.

“The scale of our business creates responsibility and opportunity for us to act. That is why we are now significantly stepping up our sustainability efforts,” said Baumann.

Bayer will monitor and report the sustainability targets with the same rigour as its financial targets. The goals will be integrated into decision-making processes and management compensation.

Furthermore, Bayer will establish an independent Sustainability Council consisting of external sustainability experts. Advising the Board of Management, the council will monitor and challenge the further development of Bayer’s sustainability efforts.

Bayer’s increased efforts are designed to help more people thrive and make the most efficient use of natural resources. That is why Bayer sets itself the following detailed targets.

Enabling hundreds of millions through access to health and nutrition

By 2030, Bayer aims to support 100 million smallholder farmers in low-and-middle-income countries by providing access to more innovations, knowledge and partnerships. Bayer’s support will help increase local food supply and reduce poverty in rural communities.

Today there are around 550 million smallholder farms worldwide. In developing countries, they produce food for 80 per cent of the population. However, stuck in subsistence farming, many farmers suffer from hunger or malnutrition themselves.

Within the same time frame, Bayer intends to provide 100 million women in low-and-middle-income countries with access to family planning by funding multi-stakeholder aid programs and by ensuring the supply of affordable modern contraceptives.

As of 2019, Bayer already provides contraceptives to about 40 million women in low-and-middle-income countries. Family planning methods are vital in the support of women’s health, rights and economic status. At present, more than 200 million women in low-and-middle-income countries have an unmet need for modern contraception.

In general, Bayer is working on adapting its pricing policy towards local purchasing power and strengthening patient access programs to increase the availability and affordability of Bayer products. Bayer will also continue to support the World Health Organization (WHO) in fighting neglected tropical diseases with product donations and financial support.

In addition, Bayer aims to expand access to everyday health for 100 million people in underserved communities around the world. Today, at least half of the world’s population lacks access to essential health services, including self-care. Expanding access to self-care solutions and health education can help prevent diseases and offer healthcare to communities where self-care might be the only option.

With an initial focus on women’s health and expanding access to micronutrients for pregnant women and children, Bayer intends to increase the availability and affordability of its trusted brands and support self-care initiatives.

Taking significant measures to protect the climate and environment

Bayer has been engaged in climate protection for decades and will further accelerate its efforts to combat climate change and protect biodiversity.

The company is aiming to become carbon-neutral in its own operations by 2030. To accomplish this, Bayer will implement energy efficiency measures, switch to 100 per cent renewable electricity and offset the remaining emissions through biodiversity-enhancing carbon capture. Bayer is committed to the Science Based Targets Initiative and is already listed as a company that is taking action.

In this project, started by the Carbon Disclosure Project (CDP), the U.N. Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), more than 700 companies have committed to taking significant climate action and setting emission reduction targets to keep the increase in global temperature below 2°C.

In this regard, Bayer is striving for absolute emission reduction along the entire value chain by engaging with suppliers and customers, as well as in the company’s logistics and packaging.

Bayer will also collaborate with farmers to reduce the environmental footprint of agriculture wherever the company operates. Bayer aims to reduce the greenhouse gas emissions – per kilogram of crops produced in major agricultural markets – and the environmental impact of crop protection by 30 per cent by 2030 in each case.

To this end, Bayer will help farmers apply more sustainable practices, such as reducing tillage to help sequester carbon in the soil, and ensuring the more precise use of crop protection and fertiliser through product innovation and digital tools.

Contributions to the UN’s Sustainable Development Goals

Bayer’s sustainability commitments aim to achieve impact in line with the United Nations’ Sustainable Development Goals (SDGs). The United Nations agreed on 17 SDGs to build a better world for people and our planet by 2030. According to the UN, however, urgent and more rapid progress is needed. “With only ten years left, companies must live up to their responsibilities and act accordingly,” said Baumann. “Bayer is positioned like only a few other companies to contribute to the Sustainable Development Goals and this is precisely what our commitment is.”

In addition to combating hunger (SDG 2) and promoting health and wellbeing (SDG 3), Bayer's commitment will make a substantial contribution to taking climate action (SDG 13) and protecting life on land (SDG 15).

Women play a key role in smallholder farming, in family planning and in ensuring the health of their families. Helping them to realise their potential will be a contribution to gender equality (SDG 5) and will also provide significant socio-economic benefits to local communities and economies.

By Nguyen Huong – VIR

More News

See all

February 16, 2024

[Work @ EuroCham] GEFE EXHIBITION PROJECT MANAGER – based in Ho Chi Minh City

Read more

February 15, 2024

[Work @ EuroCham] Operations Officer – based in Central Vietnam

Read more

January 30, 2024

[Work @ EuroCham] GREEN GROWTH SECTOR COMMITTEE & SUSTAINABLE FINANCE SECTOR COMMITTEE INTERN – based in Ho Chi Minh

Read more

January 26, 2024

EuroCham and VAFIE Discuss EU Investment Trends and Challenges in Vietnam

Read more

January 26, 2024

EuroCham Vietnam and Ho Chi Minh City unite for sustainability

Read more

January 26, 2024

EuroCham’s Construction Sector Committee: spearheading sustainable development in Vietnam’s construction industry

Read more

January 26, 2024

[CORPORATE SUPPORT] A smart factory for smart materials: BASF celebrates the inauguration of its TPU plant at the Zhanjiang Verbund site

Read more

January 24, 2024

EuroCham Vietnam and Ho Chi Minh City unite for sustainability

Read more

January 24, 2024

[CORPORATE PARTNER] PwC – Asia Pacific climate actions not on track: Moving beyond commitment and towards transformation

Read more

January 19, 2024

[EXTENDED DEADLINE] [Work @ EuroCham] GEFE Project Officer and GEFE Project MarCom Officer – based in Ho Chi Minh

Read more

January 19, 2024

Economic Insights Unveiled at “Economic Outlook 2024” Business Luncheon organized by EuroCham and BritCham

Read more

January 19, 2024

EuroCham Vietnam’s latest Whitebook proposes recommendations for boosting investment for a greener, more sustainable economy

Read more

January 19, 2024

[SUPPORTED CONTENT] PWC recently launched report on the impact of Corporate Sustainability Reporting Directive (CSRD)

Read more

January 19, 2024

EuroCham Construction Sector Committee Meets with Ministry of Construction to Foster Industry Dialogue

Read more

January 18, 2024

High-Level Hungarian delegation meets with EuroCham Vietnam, CEEC, and Consulate General of Hungary

Read more

January 12, 2024

EuroCham Rings in 2024 with Festive Celebration in Hanoi

Read more

January 12, 2024

Ringing in 2024 with Cheer at EuroCham’s New Year Celebration in Ho Chi Minh

Read more

January 05, 2024

Successful EuroCham Vietnam advocacy outcome regarding Circular on Nutritional Labeling

Read more

January 05, 2024

Vietnam’s business confidence gains traction in Q4 2023 amid challenges: EuroCham Vietnam Business Confidence Index (BCI)

Read more

January 05, 2024

Vice-Chairman Minh Nguyen continues tenure on Prime Minister’s Advisory Council for Administrative Procedures Reform

Read more

December 19, 2023

[Work @ EuroCham] MEMBERSHIP ASSISTANT – based in Ho Chi Minh

Read more

December 19, 2023

EuroCham’s constructive engagement at the Ministry of Foreign Affairs’ 21st National Conference on Provincial Affairs

Read more

December 15, 2023

Memorandum of understanding signing ceremony on enhancing the regulatory environment and healthcare access towards promoting technological advancements in the medical device sector

Read more

December 15, 2023

[Sector Committee Spotlight] Mobility Sector Committee

Read more

December 15, 2023

EuroCham’s mission to Da Nang: strengthening ties and showcasing investment potential in Central Vietnam

Read more

December 14, 2023

[CORPORATE PARTNER] BASF launches Irgastab® PUR 71, a cutting-edge antioxidant improving regulatory compliance and performance for polyols and polyurethane foams

Read more

December 08, 2023

[CORPORATE PARTNERS] BASF engages young minds in chemistry with two new Virtual Lab experiments in Vietnamese

Read more

December 08, 2023

[Event Recap][Breakfast talk] EuroCham Construction Sector Committee’s Successful HCMC Breakfast Talk on Designing with AI!

Read more

December 08, 2023

Vietnam enhances climate role at COP28 with JETP Resource Mobilization Plan

Read more

December 08, 2023

[CORPORATE PARTNERS] The Corporate Sustainability Reporting Directive (CSRD) is resetting the value-creation agenda

Read more

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Platinum Partners

Gold Premium Partners

Gold Partners

Silver Partners

Premium Service Partners