Bayer
Chemical raw materials and chemical products manufacturing
Bayer is a global enterprise with core competencies in the life sciences sectors of healthcare and agriculture. The company designs its products and services to address some of the world’s most pressing challenges, focusing on meeting the essential human needs of health and nutrition.
Climate Targets
2050
In Progress
Carbon Neutral Company
Not Disclosed
Carbon Neutral Supply Chain
Climate Actions
Globally, Bayer is making efforts in various ESG areas, including biodiversity conservation, environmental and climate protection, crop protection, reducing carbon footprint, saving water resources, and recyclable product packaging. These efforts are aligned with its commitment to practice sustainability in pursuit of its goals. By 2030, Bayer aims to achieve carbon neutrality at its own production sites/factories and reduce carbon emissions across its entire supply chain. The company targets a 42% reduction in greenhouse gas emissions from Scope 1 and Scope 2; a 30% reduction in greenhouse gas emissions from key crops in major regions; a 30% reduction in the environmental impact of crop protection products; and converting all Bayer HealthCare consumer product packaging to 100% recyclable or reusable. To achieve these goals, Bayer is implementing a range of sustainability initiatives dedicated to reducing its ecological footprint.
Climate Milestone
2023
- Bayer used certificates from the Bayer Carbon Program (as part of ForGround by Bayer) for the first time. These support farmers financially who apply sustainable agricultural practices. The volume of CO₂ sequestered in the soil is certified. The resulting emissions certificates can then be sold on the market. Bayer has acquired the equivalent of 100,000 metric tons of CO₂ from this program.
- MSCI ESG rating: A.2022
- Establish an ESG Committee within the Supervisory Board to oversee sustainable governance and business activities in the areas of environmental protection, social affairs, and corporate governance (ESG) within the scope of the Supervisory Board's responsibilities.
2021
- Starting from 2021, the "Industry Association Climate Review 2023" will be published annually. The report will assess whether the climate stance of industry associations aligns with the company's own commitments to addressing climate change.
2020
- Launched the Bayer Carbon Program to assist farmers in adopting new technologies, providing growers in 28 states across the U.S. with opportunities to earn rewards by adopting cover crops and/or tillage-reducing practices that help maintain soil health.
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The platform looks forward to working with cooperative companies to promote the intelligent dual-carbon transformation of the agrochemical industry.