Bayer bags recognition as leader on climate change for 5th consecutive year
Bayer receives the highest CDP score for its activities and transparency in climate change
Bayer has been recognized for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on its annual ‘A List’. Bayer receives the highest CDP score for its activities and transparency in climate change. This rating confirms the company’s high commitment to sustainability. A record-breaking 18,700 companies disclosed data on environmental impacts, risks, and opportunities through CDP’s platform / 3.4 percent of companies scored on climate received an A (globally). Bayer, committed to net-zero by 2050, continues to reduce scope 1,2 & 3 own emissions and along the value chain following SBTi’s guidelines and supports decarbonization of agriculture through a 2.5-billion-euro innovation budget in crop science.
Bayer also appeared in the CDP “Forest” and “Water Scarcity” rankings. In “Forest” Bayer achieved a respectable “B” status while scoring an “A-” in “Water Scarcity”. A record number of companies participated in this year’s CDP ranking.
Based on data reported through CDP’s 2022 Climate Change questionnaire, Bayer is one of a small number of companies that achieved an ‘A’ – out of nearly 15,000 companies scored. Bayer has held its leadership position for half a decade and has never scored below an A- since first submitting a CDP climate change questionnaire in 2010. This year, 3.4 percent of companies scored on climate received an A rating.
Matthias Berninger, Executive Vice President of Public Affairs, Science, Sustainability & HSE at Bayer, said: “Bayer’s excellent track record of CDP ratings in the past few years and the latest result validate the company’s high commitment to sustainability. The maintenance of a CDP A-rating for our work and transparency around climate change is an important acknowledgment of our ongoing position as a world-leading company in this field. CDP holds us to account for reporting on our ambitious efforts in decarbonization and demonstrates that reporting requirements recently proposed by several governments are attainable.”
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2022, over 680 investors with over 130 trillion U.S. dollars in assets and 280 major purchasers with 6.4 trillion U.S. dollars in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 18,700 companies responded.
Bayer receives the highest CDP score