Bayer

Bayer reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 3,030 Kt (-140 /-4.4% y-o-y). Also positively, carbon intensity decreased to 57 t (-4 /-6.6% y-o-y).

Bayer's Scope 3 emissions rose to 9,640 Kt (+700/+7.8% y-o-y). The time series has been volatile over the last few periods.

The company is committed to reducing Scope 1 + 2 by 42% by 2029 from a base year 2019, which translates into the estimated reduction of -121 Kt per annum over the period of FY2023 - FY2029. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -453 Kt per annum over the period of FY2023 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for Scope 3 by 2050, which translates into the estimated reduction of -344 Kt per annum over the period of FY2023 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.