03/21/2023 | Press release | Distributed by Public on 03/21/2023 07:48
LEVERKUSEN, Germany--(BUSINESS WIRE)-- Bayer is launching its new water strategy at the UN 2023 Water Conference in New York. The company is making water an integral part of its business decisions, investments and selection of suppliers. Bayer's water strategy reflects its position as a key player in the fields of health and agriculture and aims to have an impact that goes beyond the company's own business.
"The world is facing a severe water crisis affecting ecosystems, food security and human health," explains Bayer CEO Werner Baumann. "As a leader in health and nutrition we have an intrinsic motivation to address the water crisis and make a valuable contribution. With our global footprint and strong supplier engagements, Bayer will create value and encourage sector-wide action. Our ambition is to play a leading role in promoting corporate water stewardship and rallying other businesses to take action to protect the world's water resources."
Bayer's commitments go beyond the company's own operations and are reflecting its ambition to generate impact. The activities will encompass the entire value chain, from Bayer's own operations to the farmers Bayer serves. Key elements of the water strategy are:
"Until now, the topic of water has been overlooked in the climate debate despite the many interlinkages, but with the UN 2023 Water Conference it is gaining momentum. There are new opportunities to take the right sustainable actions, and we must seize these opportunities now. This is why we make water an integral part of our business and investment decisions across the entire value chain. With these decisions, we will contribute to climate resilience and to more sustainable water usage," says Cristina Alonso Alija, Head of Sustainability, Safety, Health & Environment, and responsible for the water strategy at Bayer.
About Bayer
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to help people and the planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to driving sustainable development and generating a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2021, the Group employed around 100,000 people and had sales of 44.1 billion euros. R&D expenses before special items amounted to 5.3 billion euros. For more information, go to www.bayer.com.
Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer 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 Bayer's public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conformthem to future events or developments.
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