Bayer : Bayer : Climate Advocacy Report 2024 (bayer climate advocacy report 2024 final)

Bayer Climate Advocacy Report 2024 Bayer Climate Advocacy Report 2024 Contents Forewords Relevance of climate advocacy to Bayer Bayer's global climate policy position Bayer's commitments and policy positions Summary of results Report focus, key changes and top-level findings Direct policy advocacy - Bayer led engagement Summary of Bayer's high-level lobbying actions and impacts Indirect policy advocacy - industry association analysis Overview of key metrics, achievements and progress highlights Corporate transition strategy - climate policy engagement impact How our corporate transition strategy aligns with our policy advocacy Methodology, engagement and governance Bayer's structured approach to climate policy engagement and report methodology Next steps Strengthening action Appendix Supporting analysis Direct policy advocacy engagement activity Industry association membership fees Changes in assessment results Industry association assessments Dear Bayer stakeholder, If you travel, talk to farmers around the world or read the news, it's clear: the urgency of the climate crisis has never been more evident. Extreme weather events - such as this year's wildfires in Los Angeles, droughts, and devastating floods - along with growing challenges like water scarcity, are putting immense pressure on communities worldwide. In 2024, Team Bayer introduced our "Climate Transition and Transformation Plan" to translate our mission 'Health for all, Hunger for none' into actionable targets. This plan outlines where we can make a real impact and how we aim to leverage the power of science and collaboration for the good of our planet and people: // Food Security: Climate change is impacting the availability and nutritional value of staple crops and vegetables, posing serious risks to food security. // Health: Rising temperatures are challenging health needs and access to healthcare, leading to new diseases and complications. // Sustainable Agriculture: Developing sustainable agricultural innovations and supporting the health of farmers and communities are essential for ensuring food security. At Bayer, we know that addressing these challenges requires both internal efforts and collaboration with policymakers, customers and partners worldwide. In the face of geopolitical crises and economic uncertainty, it's vital to remain focused. Our commitment to becoming a net-zero business means cutting our emissions in half every decade until 2050 and investing in effective offset solutions. This effort is about more than just meeting targets; it's about building a cleaner, more resilient world for everyone. Achieving net zero is a shared mission. By working together - with scientists, policymakers, industry groups, and partners - we can turn challenges into opportunities for growth: Together, we can create a healthier, more resilient future for generations to come. I invite you to be part of this important journey. Yours sincerely, Bill Anderson Chairman of the Board of Management (CEO) Dear Bayer stakeholder, This is the third climate policy advocacy report from Bayer, reflecting our ongoing commitment to climate action, collaboration with our industry associations and role in shaping industry-wide approaches to the shared challenge. As global attention on climate change intensifies, industry associations are increasingly being called upon to deliver on their climate commitments, especially in high-impact sectors like agriculture and biotechnology. Bayer has been at the forefront of these efforts, advocating for meaningful change and collaborating to drive progress. Our focus on continued leadership in promoting positive climate advocacy will not change. There is still much more work to do. This report highlights both the progress, but also the gaps we see across sectors and our industry. While some associations are making significant strides towards meeting their goals, others are still failing to take decisive action. This disparity highlights a clear dynamic: while leaders continue to drive progress, others maintain the status quo or remain on the sidelines. Gaps and misalignments remain in the positions and activity of some of our trade associations, and more must be done to address them. In 2025, we will take a stronger, more globally coordinated approach to our climate advocacy efforts, urging the associations we partner with to strengthen their support for the measures required to limit global temperature rise to 1.5°C. Bayer remains steadfast in championing the climate agenda and advocating for meaningful action, particularly in agriculture, where the impacts of climate change are most acute. Our support for key policy initiatives, such as the EU's Green Deal and the U.S. Inflation Reduction Act underscore this commitment. Our work with industry association partners, across both the external policy agenda and sector collaboration remains key. Emerging opportunities, such as advancements in biotech and nature-based solutions, offer new ways to drive meaningful change. The increasing focus of sustainability-oriented associations on agriculture allows us to identify and collaborate with key 'playmakers' who can set global standards. At the same time, through our climate transition and transformation plan, we have ambitious plans to positively impact food and health systems through innovation, adaptation, and the mitigation of global emissions. This is both through regenerative agriculture and new solutions in our own day-to-day operations. We are committed to an integrated approach in addressing the interconnected challenges of climate change and biodiversity loss. In 2024, for the first time, we reported on the impact on our activities on biodiversity with Bayer's response to the Nature Action 100 initial Benchmark Assessment 2024. This report aligns with the guidelines set by InfluenceMap (a think tank that provides data and analysis on how business and finance are affecting climate change). Reflecting our broader focus on transparency, governance, and best practices in climate policy engagement, management at the highest level remain accountable for overseeing our climate-related policy efforts. As we build on engagement with industry associations and wider stakeholders, our goal remains clear: to drive progress toward a net zero future through leadership, collaboration and sustained action. This is more important than it has ever been. Matthias Berninger Head, Public Affairs, Sustainability & Safety Bayer's global climate policy position Our stance as a company and the change we pursue As a science-based company, Bayer recognizes the risks posed by global climate change. We aim to continuously reduce greenhouse gas (GHG) emissions within our company and along our entire value chain. This is in accordance with the United Nations' Sustainable Development Goals and the Paris Agreement, to limit global warming to 1.5°C above pre-industrial levels. We are dedicated to supporting and enabling a climate policy that is in harmony with our ambitious climate targets and therefore advocate for decarbonization measures in line with meeting the goals of the Paris Agreement. This means we seek to support regulatory frameworks and policy initiatives that both promote innovative low-carbon and climate neutral products, processes, value chains and business models, and strengthen renewable energy and industry competitiveness. Bayer's initiative-specific climate policy positions and engagement activities around the globe are guided by our climate commitments and Global Climate Policy Position outlined below. These positions are informed by the latest climate science and requirements set out by the Intergovernmental Panel on Climate Change in limiting global warming to no more than 1.5°C. Attachments Original document Permalink Disclaimer Bayer AG published this content on April 29, 2025 , and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT) , unedited and unaltered, on April 29, 2025 at 09:04 UTC . Bayer Climate Advocacy Report 2024 Bayer Climate Advocacy Report 2024 Contents Forewords Relevance of climate advocacy to Bayer Bayer's global climate policy position Bayer's commitments and policy positions Summary of results Report focus, key changes and top-level findings Direct policy advocacy - Bayer led engagement Summary of Bayer's high-level lobbying actions and impacts Indirect policy advocacy - industry association analysis Overview of key metrics, achievements and progress highlights Corporate transition strategy - climate policy engagement impact How our corporate transition strategy aligns with our policy advocacy Methodology, engagement and governance Bayer's structured approach to climate policy engagement and report methodology Next steps Strengthening action Appendix Supporting analysis Direct policy advocacy engagement activity Industry association membership fees Changes in assessment results Industry association assessments If you travel, talk to farmers around the world or read the news, it's clear: the urgency of the climate crisis has never been more evident. Extreme weather events - such as this year's wildfires in Los Angeles, droughts, and devastating floods - along with growing challenges like water scarcity, are putting immense pressure on communities worldwide. In 2024, Team Bayer introduced our "Climate Transition and Transformation Plan" to translate our mission 'Health for all, Hunger for none' into actionable targets. This plan outlines where we can make a real impact and how we aim to leverage the power of science and collaboration for the good of our planet and people: // Food Security: Climate change is impacting the availability and nutritional value of staple crops and vegetables, posing serious risks to food security. // Health: Rising temperatures are challenging health needs and access to healthcare, leading to new diseases and complications. // Sustainable A