Bayer “best in class” worldwide in climate protection
Leverkusen – At the international Climate Summit in Montreal, Bayer received the “Low Carbon Leaders Award” for its achievements over the last ten years in the field of climate protection. An international jury of experts made up of representatives from politics, non-governmental organizations and industry, appointed by the renowned climate protection organization The Climate Group, voted Bayer “best in class”. It was the only German company to receive this status, which is awarded to the top five companies. In the global climate protection ranking Bayer was rated third out of a total of the biggest 500 companies.
Bayer received the award in recognition of its pioneering international role in the reduction of emissions, as a result of which the Group has already exceeded both the national and the international targets. While the Kyoto Protocol and the German Bundestag stipulate a 25 percent reduction in greenhouse gases in Germany by 2005 and 50 percent by 2020 compared with 1990, Bayer has succeeded in lowering greenhouse emissions worldwide by more than 60 percent since the beginning of the 1990s.
“These awards are a clear recognition of how important leadership is in tackling climate change,” said Dr. Steve Howard, Chief Executive Officer of The Climate Group. “These are the best examples of companies […] who have taken a dynamic and pro-active approach to the issue. They have seen that the solutions to climate change are possible, available and cost-effective.”
“Bayer has given resource-saving management and climate protection top priority. For this reason, we are delighted about this tremendous recognition of our achievements,” said Dr. Udo Oels, member of the Bayer Board of Management responsible for Innovation, Technology and the Environment. “We have been putting our belief in sustainable development into practice in our day-to-day economic business. Over the last ten years, we have significantly reduced emissions despite a considerable increase in production volumes.”
Bayer has managed to reduce greenhouse gases above all by modifying processes and applying state-of-the-art technologies. One example is the far-reaching changeover from the amalgam to the membrane process in chlorine-alkali electrolysis. This was accompanied by the closure of plants and the sale of some affiliated and subsidiary companies. Another important contribution was made by the deployment of new power plants, which are operated by gas instead of coal and ensure cost-efficient energy supply via the coupling of heat and power generation. This, too, has a favorable effect on climate protection.
Dr. Wolfgang Große Entrup, Head of Governmental and Product Affairs at Bayer, accepted the award on behalf of Bayer AG at a ceremony in Montreal in front of over 1,000 invited guests from politics, private sector and civil society.
The Climate Group is an international non-profit organization founded in 2004 to foster climate protection through dialogue with industry and politics. Further information on the climate protection award and The Climate Group can be found at www.theclimategroup.org .
Bayer is also represented in the first worldwide Climate Leadership Index, which the investor initiative of the Carbon Disclosure Project established in 2002. Here, too, Bayer is adjudged to be “best in class” among the top 10 percent of the world’s biggest 500 companies.
This news release contains forward-looking statements based on current assumptions and forecasts made by Bayer Group management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in our public reports filed with the Frankfurt Stock Exchange and with the U.S. Securities and Exchange Commission (including our Form 20-F). The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
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