We have made the promotion of a sustainable development and contributions to the United Nations’ Sustainable Development Goals (SDGs) an even stronger part or our strategy. We are convinced that we can make significant contributions especially to both combating hunger (SDG 2) and providing health care (SDG 3). We believe Bayer’s economic success goes hand in hand with the welfare of increasing numbers of people in all the world’s regions while preserving ecological resources at the same time.
At Bayer, responsibility for sustainability lies with the Chairman of the Board of Management, who acts as the company’s Chief Sustainability Officer. The goals will be integrated into decision-making processes and management compensation schemes. It is implemented operationally with the aid of nonfinancial targets and key performance indicators (KPIs) throughout the value-added chain. The Group considers attaining sustainability targets to be just as important as meeting financial ones. Bayer will report annually on its progress toward reaching each individual target.
We are in the process of setting up an independent Sustainability Council to support the company in strategic issues and inject new perspectives. The Council will be made up of experts in environmental affairs, climate, agriculture and nutrition from various international state, private and nongovernmental organizations and will convene for regular meetings directed by the Chairman of the Board of Management.