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Bayer AG (FRA:BAY) publishes 2006 Sustainable Development Report

Bayer AG (FRA:BAY) publishes 2006 Sustainable Development Report

Published 08-09-07

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Summary

In the new report, Bayer records for the first time indirect greenhouse gas emissions as well as direct emissions, one of the first German companies to do so

Report Highlights

Bayer strengthens climate protection endeavors

In the new Sustainable Development Report 2006 Bayer records for the first time indirect greenhouse gas emissions as well as direct emissions, one of the first German companies to do so. The Group’s climate balance shows that the sum of specific (i.e. related to production volume) direct and indirect emissions dropped by 2.6 percent compared with the previous year. The Report also gives in-depth information on the Group’s sustainability activities, through which it aims to link commercial success with environmental protection and social responsibility.

The reporting of social performance indicators has been extended in the new Sustainable Development Report. In addition to the areas of employment, training and continuing education and equal opportunity, other indicators such as the coverage of Bayer employees by social security systems and the existence of collective and company agreements are also now included.

In keeping with the company slogan "Bayer: Science For A Better Life," the importance of sustainable development in the company through a wide array of examples is also documented. Furthermore, the slogan stands for Bayer's contributions to the economy, ecology, and social commitment.

The report has been compiled based on the standards set by the "Global Reporting Initiative" and outlines how the company is implementing the principles of the United Nations' Global Compact. The data collection process was subject to an assurance process by independent auditors from Deloitte.

Hard copies of the report can be ordered from serviceline@bayer-ag.de.

Bayer is collecting feedback on this report via their CorporateRegister.com listing here

Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. The company’s products and services are designed to benefit people and improve their quality of life. The Group is committed to the principles of sustainable development and acknowledges and accepts its role as a socially and ethically responsible “corporate citizen.” More information is available on the Internet at www.bayer.com.

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