Bayer Included Once Again in Climate Disclosure Leadership Index
-- Only German company in chemical sector included in climate index
-- Corporate climate strategies of increasing significance to investors
-- Board of Management member Dr. Plischke welcomes "major recognition
for our efforts, which we are intensifying"
LEVERKUSEN, GERMANY, September 24 /CNW/ - For the third time in a row,
Bayer has been included in the Climate Disclosure Leadership Index, the first
international climate protection index, with the classification "Best in
Class." This year, Bayer received this commendation as the only German-based
company in the chemical sector. Independent experts ranked the world's 500
largest, listed companies. This was announced by the Carbon Disclosure Project
(CDP) investor group in New York.
"Bayer has set itself apart from its peers by enacting a commendable
response to global climate change," says CDP Chief Executive Paul Dickinson.
"The global investment community is keenly aware of the risks and also the
business opportunities involved in climate change and hope that corporations
such as Bayer provide a solid example for others in its peer group to follow."
How companies strategically meet the challenges of climate change while
managing both opportunities and risks plays an increasingly significant role
in the investment decisions of CDP investors. According to their own figures,
over 300 international financial service providers with a combined USD 41
trillion of assets under management have come together in this initiative.
"We are delighted with this excellent ranking from key investors who
value Bayer's climate protection measures and its handling of the consequences
of climate change and rate it one of the world's leading companies in its
sector," says Dr. Wolfgang Plischke, who is responsible for innovation,
technology and the environment on the Bayer AG Board of Management. "We are
further strengthening our efforts in this area with the recently launched
Bayer Climate Program, since climate protection is a central component of our
strategy to operate successfully and sustainably and to act in a socially
Bayer is looking to use a new testing system to further conserve natural
resources and continue cutting emissions in its own production operations as
part of a group-wide, long-term climate program. A further focus of the
program lies in realizing innovative concepts for environmentally friendly
office and industrial buildings. In addition, Bayer is working on developing
plants that also produce sufficient yields in dry or hot conditions -
conditions that could become more pronounced as a result of climate change.
Bayer products will also be used increasingly to create plants that will serve
as the basis for biofuels. Biofuels are becoming increasingly important, with
biotechnology able to play a key role in safeguarding yields, especially as at
the same time demand is rising for plant-based products to feed both people
In everyday life, Bayer products such as heat insulation materials in
houses, insulating material in refrigerators and lightweight materials in
vehicles are already helping in a variety of ways to conserve natural
resources and cut emissions.
A further strategic focus is the reduction of direct and indirect
greenhouse emissions, i.e. those created by suppliers during energy
Each year since 2004, the CDP has included those FT500 companies in the
Climate Disclosure Leadership Index that significantly reduce greenhouse gases
and implement strategies for dealing with climate change and provide
information on these. This year, there are 68 such companies. Institutional
investors involved in the initiative base their investment decisions on the
composition of the index as well as other financial criteria.
Further information on CDP rankings is available on the Internet at
This news release contains forward-looking statements based on current
assumptions and forecasts made by Bayer Group management. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future results, financial situation,
development or performance of the company and the estimates given here. These
factors include those discussed in our public reports filed with the Frankfurt
Stock Exchange and with the U.S. Securities and Exchange Commission (including
our Form 20-F). The company assumes no liability whatsoever to update these
forward-looking statements or to conform them to future events or
For further information:
For further information: Bayer Corporation Dirk Frenzel, +49
214-30-29908 E-mail: email@example.com