Wednesday 11 December 2019

Bayer to reduce environmental impact by 30% by 2030

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.

Bayer is also seeking to improve the EIQ of its crop solutions by investing in innovation for seeds and traits, digital farming, biological solutions and new low-residue and reduced rate application products.

In addition, it will invite global experts and stakeholders to participate in a Bayer Sustainability Council to bolster company-wide efforts.

Werner Baumann, Chairman of the Board of Management of Bayer said: “We’re making good progress on integrating the acquired agriculture business and are now starting to implement a series of measures to drive transparency and sustainability across our business.

“We will continue to advance our standard, driven by our commitment to a better life for this generation and generations to come.”