Strategy

Economic Growth and Sustainability Go Hand in Hand

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“Health for all, hunger for none” – putting an end to hunger and helping everyone lead a healthy life, while at the same time protecting ecosystems. That’s what we are helping to achieve, guided by our corporate purpose “Science for a better life.” “With our sustainability strategy, one of the four strategic levers of our Group, we are addressing the major challenges of our time and strengthening the societal impact of our company and our business. We are focusing on generating inclusive growth, while at the same time reducing our ecological footprint along our value chain. We firmly believe that economic growth and sustainability ought to go hand in hand, which is why sustainability is a key component of our business strategy.” says Matthias Berninger, head of Public Affairs, Science and Sustainability.

 

Climate change, water scarcity and the loss of biodiversity are among the most pressing challenges of our time. For decades, humans have consumed more natural resources than our planet can reproduce. This deficit has already left its mark. It is harming people’s health and jeopardizing the food supply for a growing world population. At the same time, poverty, inequalities, disease and hunger are increasing. In many parts of the world, health care is still reserved for those who can afford it.

 

As a leading global company in the areas of health and nutrition, we help find appropriate solutions through our business activities.

 

Sustainability Anchored At All Levels

Sustainability is anchored at the core of our strategy, our operations and our normative basis on how we run our businesses. Our businesses promote sustainable development and, in so doing, impact society and open up growth opportunities for our company. The Group’s focus on sustainability is founded in responsible business practices, in which the principles of Bayer Societal Engagement (BASE) play a pivotal role. An independent, externally staffed Sustainability Council advises the company on all sustainability matters.

 

We already reach more than one billion people worldwide with our products and services. Now we will invest further in inclusive growth to enable positive development for more people. To this end, we have established clear targets to be met by 2030 for our core issues of food security, health care and reducing our ecological footprint.

 

Sustainability Targets In Management Compensation

We want to be judged on how effectively we attain our sustainability commitments. Therefore, sustainability targets are being integrated into the company’s decision-making processes and also into the remuneration systems of all managerial staff incl. the Board of Management. Target fulfillment – based on the “100 million” targets and the climate targets reviewed by the SBTi, i.e. our key performance indicators –has a 20 percent weighting in the long-term management remuneration. Bayer is one of the first industrial companies in the world to have measurable sustainability targets that carry significant weight in the long-term remuneration of its management staff.

 

Sustainability is part of the non-financial Group Goals for 2021. We will:

 

  • Further drive implementation of the sustainability strategy into divisions and Enabling Functions
  • Accelerate progress on sustainability ambitions
  • Drive sustainability communication and engagement, and improve reputation (internal & external)

 

By 2024, we aim to

 

  • raise the number of:
    • smallholder farmers in LMIC supported by products, services and partnerships from 42 mio. in 2019 to more than 50 mio
    • People in underserved communities whos’ self-care is supported by interventions from Bayer from 41 mio. in 2019 to more than 50 mio.
    • Women in LMIC who have their need for modern contraception satisfied due to intervention supported by Bayer from 38 mio. in 2019 to more than 55 mio.
  • Reduce and offset our GHG emissions by 2 mio. t (1,3 mio reduction in scope 1,2 and 3 as well as offsetting of about 0,7 mio t)

In Dialogue

Dialogue and exchange with all stakeholders are very important to us. Because only together we can shape the major challenges and the transformation to a sustainable society. It is not without reason that SDG 17 is "Partnership for the Goals". We want to make our contribution to this. With this in mind, we are engaged in numerous dialogues and discussions. We would like to highlight two of our own initiatives for more partnership and transparency here.

 

LinkedIn Live Talks

We regularly invite people to virtual live talks on current topics. Our aim is to raise awareness of important issues, promote exchange and help solve problems.

What climate change really means. Live talk with Prof. Dr. Friederike Otto and Matthias Berninger

 

 

 

Can we trust Science? Naomi Oreskes and Matthias Berninger:

 

 

 

Are our forests dying? André Guimaraes and Matthias Berninger:

 

 

 

Financing Innovative Agriculture: John Dombrosky (Oerth Bio), Adam Struve (International Finance Corporation), Juergen Eckart (Leaps by Bayer), Helga Flores-Trejo (Bayer), Holger Kray (World Bank):

 

 

 

How can we respect planetary boundaries? Johan Rockström and Matthias Berninger:

 

 

 

How to save our planet? Discussion on Earth Overshoot Day with Saskia Bruysten (Yunus Social Business) and Matthias Berninger:

 

 

 

Locusts – a global threat to food and people: Keith Cressman (FAO), Holger Kray (World Bank), Balwinder Singh Kang (Farmer), Jimmy Kiberu (Bayer):