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Global Compact International Yearbook 2009

The road to Copenhagen is the catchphrase: Climate Change is the top issue of inaugural edition, on the market since 1th of august 2009. In a very personal and exclusive foreword, UN Secretary-General Ban Ki-moon stresses the urgency of multilateral action: „One underlying message of this Yearbook is that a global, low-carbon economy is not only technologically possible, it makes good business sense“, said Ban. „We need the voice and energy of business to help us combat climate change.“ Sir Anthony Giddens adds the importance of the upcoming Copenhagen Climate Summit: „It is an important year, and everybody knows it because it is the year of Copenhagen. It’s a key for climate change policy. I do hope the Copenhagen negotiations will be successful, but there are reasons I have to be worried. “ Another key issue of this edition is the global economic crisis: 2008 will be remembered as the year of crises. The breakdown of financial institutions and markets and the subsequent worldwide economic downturn have put the spotlight on issues that the United Nations Global Compact has long advocated as essential responsibilities for modern business and today’s global markets: comprehensive risk management, long-term performance, and ethics. Georg Kell, Executive Director of the Global Compact, writes: „Restoring confidence and trust in markets requires a shift to long-term sustainable value creation, and corporate responsibility must be an instrument towards this end. If the crisis is any indication, it is now time to build on the advances made over the past 10 years by companies and investors in the area of ESG performance and bring this discipline to the mainstream. “

The road to Copenhagen is the catchphrase: Climate Change is the top issue of inaugural edition, on the market since 1th of august 2009. In a very personal and exclusive foreword, UN Secretary-General Ban Ki-moon stresses the urgency of multilateral action: „One underlying message of this Yearbook is that a global, low-carbon economy is not only technologically possible, it makes good business sense“, said Ban. „We need the voice and energy of business to help us combat climate change.“ Sir Anthony Giddens adds the importance of the upcoming Copenhagen Climate Summit: „It is an important year, and everybody knows it because it is the year of Copenhagen. It’s a key for climate change policy. I do hope the Copenhagen negotiations will be successful, but there are reasons I have to be worried. “

Another key issue of this edition is the global economic crisis: 2008 will be remembered as the year of crises. The breakdown of financial institutions and markets and the subsequent worldwide economic downturn have put the spotlight on issues that the United Nations Global Compact has long advocated as essential responsibilities for modern business and today’s global markets: comprehensive risk management, long-term performance, and ethics. Georg Kell, Executive Director of the Global Compact, writes: „Restoring confidence and trust in markets requires a shift to long-term sustainable value creation, and corporate responsibility must be an instrument towards this end. If the crisis is any indication, it is now time to build on the advances made over the past 10 years by companies and investors in the area of ESG performance and bring this discipline to the mainstream. “

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Best Practice<br />

Environment<br />

We at Bayer consider climate change to be the most pressing challenge facing the world<br />

today. After all, climate change endangers the natural basis of all our commercial<br />

and social actions. The consequences for company policy are clear – in this time of global<br />

financial and economic crisis in particular, it is crucial that companies set a course that<br />

will steer them towards sustainability. This also involves making a clear commitment<br />

to climate protection. As part of our comprehensive climate program, Bayer is working<br />

to develop solutions across a range of areas that will enable the company to make a<br />

contribution to tackling the challenges posed by climate change.<br />

By Dr. Wolfgang Große Entrup<br />

As a founding member of the UN <strong>Global</strong><br />

<strong>Compact</strong>, we support the objectives and<br />

principles of this initiative wholeheartedly<br />

and are also committed to pursuing<br />

our own initiatives to spread and<br />

implement these goals and principles<br />

worldwide. One central area of activity<br />

is environmental protection. This issue<br />

has long been given high priority at<br />

Bayer. As a company with international<br />

production operations, we believe the<br />

judicious use of natural resources is a<br />

major part of its corporate social responsibility.<br />

This is particularly true when it<br />

comes to climate protection and tackling<br />

climate change.<br />

As an emitter of greenhouse gases, the<br />

company is aware that it is part of the<br />

problem. For that reason, the Group<br />

took steps early on to implement improvements<br />

in its production processes,<br />

introduce new technologies, and opt<br />

for efficient combined heat and power<br />

generation in the field of energy supply.<br />

Between 1990 and 2008, Bayer was<br />

able to reduce its worldwide greenhouse<br />

gas emissions by 38 percent. In 2008,<br />

the company was the only member of<br />

the chemical-pharmaceutical industry<br />

headquartered in Europe to be included<br />

in the Climate Disclosure Leadership<br />

Index four times in a row. The Climate<br />

Disclosure Leadership Index is the first<br />

global climate protection index.<br />

The Bayer<br />

Climate Program<br />

• Clear commitment to climate<br />

protection<br />

• Lighthouse projects in the fields<br />

of buildings, agriculture and<br />

production<br />

• Further measures: company<br />

vehicles, business travel and IT<br />

• Bayer Climate Award and<br />

scholarships<br />

• Expenditure on climate-related<br />

F&E and projects: EUR 1 billion<br />

(2008-2010)<br />

However, Bayer is also part of the solution.<br />

Many of the company’s products<br />

contribute towards cutting energy consumption<br />

and therefore CO2 emissions.<br />

For example, materials from Bayer are<br />

used to provide effective insulation for<br />

houses and refrigerators, and to manufacture<br />

lighter-weight vehicles with lower<br />

levels of consumption. The materials<br />

themselves also display very good energy<br />

credentials – raw materials from<br />

Bayer that are used to manufacture polyurethane<br />

for insulation, for example, save<br />

more than 70 times the energy needed<br />

to produce them in the first place.<br />

The Bayer Climate Program<br />

Bayer is keen on playing an even more<br />

prominent role in addressing the climate<br />

issue and pursuing climate protection<br />

goals. To that end, the company launched<br />

the Bayer Climate Program at the end of<br />

2007. Scheduled to continue for several<br />

years, the program clusters the many and<br />

varied skills of the subgroups and service<br />

companies with the aim of boosting<br />

climate protection. Between 2008 and<br />

2010, Bayer will invest EUR 1 billion in<br />

climate-relevant research and development<br />

and various projects.<br />

The first lighthouse projects implemented<br />

under the auspices of the Bayer Climate<br />

Program are the EcoCommercial Build-<br />

<strong>Global</strong> <strong>Compact</strong> <strong>International</strong> <strong>Yearbook</strong> <strong>2009</strong> 13

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