![]() ![]() Bayer could further improve by providing additional details on how the outcomes of its activities have specifically influenced its sustainability strategy.īayer reports on research and development activities related to harnessing microbes in plant nutrition as well as reducing the overall environmental impact of its crop protection products by 30%, in addition to farmer training in practices that conserve soils. The company engages with multiple groups of stakeholders and outlines how it engages with them as well as key topics raised as part of the engagement. There is an opportunity for Bayer to enhance its governance and accountability by establishing its sustainability targets for remuneration across all three of the environment, nutrition and social inclusion dimensions. In 2020, four out of five management board members had individual sustainability targets linked to variable income. A supervisory board designs executive remuneration packages and includes sustainability targets in those packages. Governance and accountability for sustainable development strategyīayer assigns responsibility and accountability for its sustainable development strategy to its management board. However, among the topics prioritised by Bayer – climate protection, protection of the environment, innovation, business ethics, product stewardship, sustainable food security and access to health care – it has an opportunity to strengthen its commitments in the nutrition measurement area. It engages with stakeholders to create a materiality matrix to inform strategy creation. Overall, there is an opportunity for Bayer to reinforce its commitments to and targets for sustainable development across all measurement areas, with the most room for improvement in social inclusion.īayer has a corporate strategy addressing issues that are considered material to the company via the creation of time-bound targets. Bayer’s worst performing area is the social inclusion one, as most of its commitments and activities there lack targets and monitoring. ![]() In the governance and strategy measurement area, while the company recognises its responsibility regarding sustainable development, it does not demonstrate how it integrates stakeholders’ feedback into its sustainability strategy. Its second best performance is in the environment measurement area thanks to its targets on greenhouse gas (GHG) emissions for all scopes and its commitments on other key topics, such as soil health, protection of terrestrial natural ecosystems, and water and plastic use reduction. ![]() It performs best in the nutrition measurement area thanks to its commitment to increase the availability, accessibility and affordability of healthy foods. Bayer ranks 26th in the Food and Agriculture Benchmark. ![]()
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