German multinational pharmaceutical and life sciences company Bayer has pledged to reduce its environmental impact by 30% over the next decade.
It aims to achieve its 2030 ambition by developing new technologies and scaling down crop protection volumes, helping to restore and retain biodiversity, combat climate change and make efficient use of natural resources.
The company will measure the progress by comparing the Environmental Impact Quotient (EIQ) – developed in the 1990s by Cornell University in the US and relates volume to toxicity - against the current market standards.
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