Bayer Aims at Carbon Neutrality by 2030
December 10 2019 - 3:55AM
Dow Jones News
By Kim Richters
Germany's Bayer AG (BAYN.XE) said Tuesday that it plans to
become carbon neutral in its operations by 2030, as part of a set
of sustainability measures.
The pharmaceutical and chemical giant said it aims to reach this
target by implementing energy-efficiency standards, using renewable
electricity and offsetting remaining emissions through carbon
capture.
"Bayer is striving for absolute emission reduction along the
entire value chain by engaging with suppliers and customers, as
well as in the company's logistics and packaging," it said.
Bayer will report and review its sustainability targets in the
same way as it does its financial targets and include them into
decision making and management compensation, the company said.
An independent sustainability council with external experts will
oversee the company's efforts, it said.
Additionally, Bayer announced a set of health and nutrition
access aims. Among other things, the company said it will support
smallholder farmers in low-and-middle income countries and it plans
to provide millions of women in those countries with access to
family-planning measures such as contraceptives.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
December 10, 2019 03:40 ET (08:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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