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News 2005
| At the beginning of 2005 | Around EUR 13 million for the flood victims in Asia Bayer makes donations totaling EUR 13 million at the beginning of 2005 for the flood victims in Asia to accompany long-term reconstruction. For example, in cooperation with other German companies, several medical centers are built in India and the wages of medical staff paid for several years. In the “Indogerm-direct” initiative in Indonesia, which is under the patronage of the German Embassy and the German-Indonesian Chamber of Industry and Commerce, many German companies including Bayer have decided to finance medium and long-term reconstruction measures via a trust account. |
| January 2005 | Successful stock market launch of Lanxess AG With the successful listing of Lanxess AG in January 2005, the Bayer Group concludes the biggest restructuring project in the company’s history. The spin-off of the chemicals division enables Bayer to concentrate on its core businesses of health care, nutrition and high-tech materials. |
| April 2005 | Responsible Care Award for Bayer Turkey In April 2005, the Bayer site in Gebze near Istanbul (Turkey) is presented with the national “Responsible Care Social Achievement Award” from the Turkish Chemical Association. |
| June 2005 | Help to protect drinking water National Geographic Germany and Bayer conclude a joint sponsorship program in June 2005 for research on the global protection of drinking water. As part of the “National Geographic Global Exploration Fund,” EUR 250,000 is made available for scientific work. |
| June 2005 | Good corporate management at Bayer Bayer’s company management is exemplary. This is certified in June 2005 by the Union Investment fund company in a study focusing on the quality characteristics of good corporate governance at DAX companies in 2005. In this ranking of the 30 companies listed in the German share index (DAX), Bayer takes third place. Union Investment not only applies the requirements of the German Corporate Government Code, it also evaluates transparency and the handling of stockholders’ rights based on its own quality standards. |
| June 2005 | How children see the world of tomorrow Parks in the middle of cities, woods full of animals, clean rivers, flower-covered landscapes and flags from all over the world, held together by a band of unity. That more or less sums up how children see the world of tomorrow, as is graphically illustrated by paintings submitted by 10,000 children from 60 countries to the 14th International Children’s Painting Competition on the Environment. The competition is organized jointly by Bayer and the United Nations Environment Programme (UNEP). In his welcoming message at the award ceremony in June 2005 in San Francisco, Bayer ceo Werner Wenning underscores the importance of this cooperation: “We are delighted to be able for the first time to support this competition, which is one of the most important activities in our cooperation with UNEP. Bayer’s global commitment to encouraging environmental awareness on the part of young people conforms to our responsibility for the environment. The vision of sustainable development plays a decisive role in shaping our business and social activities in all countries in which we operate.” |
| June 2005 | Good ratings for Bayer According to a study published in June 2005 by Union Investment entitled “Quality aspects of good corporate governance among DAX companies in 2005”, Bayer’s management is exemplary. Bayer took third place in this ranking of the 30 companies listed in the German stock index DAX®. Union Investment’s study was based not just on the requirements of the German Corporate Governance Code, but also on further quality standards with respect to stockholders’ rights and transparency. Another confirmation of our efficient management and controlling system is Bayer’s inclusion in the “FTSE ISS Corporate Governance Indices” (CGI), a new index series created in December 2004 by FTSE and Institutional Stakeholder Services (ISS). The CGI committee’s selection is based on various codes and standards such as the Sarbanes-Oxley Act, the German Corporate Governance Code and the OECD Corporate Governance Principles. In its second “Sustainability Ranking of DAX 30 Companies” published in 2005, Scoris GmbH ranks us seventh over all. |
| September 2005 | Inclusion in sustainability indices again In September 2005, for the seventh time in succession, the Bayer share is listed in the Dow Jones Sustainability Index World. Bayer is also represented in the djsi stoxx, ftse4Good and aspi Eurozone. |
| September 2005 | Aid for hurricane victims In September 2005, Bayer donates, with the generous support of the workforce, financial and material aid worth nearly US$ 4 million for the victims of hurricanes Katrina and Rita in the United States. Our 16,000 North American employees and several business groups are involved in the fund-raising effort. A core team from Pittsburgh (United States) works closely with the Red Cross and the authorities to ensure that our aid actually reaches the areas that suffered most. |
| November 2005 | Bayer is best employer Economic magazines and hr consulting firms rate our companies in Argentina, Australia, Belgium and New Zealand as the best employer in the particular country. In the United States, Bayer is listed as one of the leading companies in terms of the way it looks after working parents. In November 2005, our performance in hr development is also acknowledged by the Austrian Federal Ministry for Economics and Labor with a nomination for the State Prize “Knewledge 2005.” |
| December 2005 | Award for climate protection For its successes in the field of climate protection, Bayer is awarded the “Low Carbon Leaders Award” at the Climate Summit in Montreal (Canada) by the international climate protection organization The Climate Group in December 2005. This high-ranking organization represents globally operating banks, re-insurers and the governments of several U.S. states. Bayer is one of five companies worldwide, and the only German company, to receive this “best in class” rating. Further recognition of Bayer’s commitment to climate protection is its inclusion in the Climate Leadership Index, the first global stock index for climate protection, in September 2005. This considers the 60 best companies to emerge from the “Carbon Disclosure Project,” an evaluation initiative by major institutional investors. |
| December 2005 | Fines for competition violations Following agreements made in 2004 with the U.S. Justice Ministry, Bayer pays fines for competition violations in the fields of rubber chemicals of US$ 66 million, adipic acid-based polyester polyols of US$ 33 million, and acrylonitrile-butadiene rubber of US$ 4.7 million. In December 2005 the European Commission imposes a fine on Bayer of EUR 58.9 million for competition violations in the field of rubber chemicals. The company does not tolerate violations of its code of conduct. Employees who knowingly violate our regulations and harm the Bayer Group through their actions can expect harsh sanctions, including dismissal. |
| 2005 | IFR Award for hybrid bond The International Financing Review (IFR) presented us with the IFR Award 2005 in the category “European Investment Grade Corporate Bond” for the hybrid bond we issued in 2005. The jury especially highlighted the ground-breaking nature of our hybrid bond is-sue and its enormous success on the capital market. It was also voted “Corporate Bond of the Year” by the British journal EuroWeek. |
| 2005 | „Top Employer Web Benchmark“ In the “Top Employer Web Benchmark” conducted by Swedish market research company Potentialpark Communication, our online portal http://www.mybayerjob.com/ took second place in the 2005 rankings for Europe and fourth place in the German edition. Potentialpark asked job seekers about their impression of various applicant portals. The survey rated the sites’ content, access, practical suitability, online assessment and public relations. |
| 2005 | „Tech4Kids“-Special prize The “BayLab” from Bayer HealthCare Germany offers hands-on science. In November 2005, the student laboratory received the “Tech4Kids” special prize in the Corporate Citizenship competition organized by the state of North Rhine-Westphalia. According to the jury, BayLab since 1998 “has enabled children to experience science and technology through practice in a particularly convincing, effective, innovative and transferable manner.” |
| 2005 | „Schools undertake the future“ Bayer HealthCare has entered into a long-term learning partnership with Carl Fuhlrott High School in Wuppertal, Germany. Under the umbrella of the project “COURSE 21 – Schools undertake the future,” an initiative of the renowned Wuppertal Institute and the Companies & School Institute, schoolchildren come together with industry representatives to hold a dialogue about sustainability. Together they address class projects on themes such as globalization, employee representation and sustainability at the workplace. Basic viewpoints are exchanged and examined in discussions and transfer projects. The goal is to achieve a better understanding of what sustainable development is and what is required of the individual. A detailed description in German of the learning partnership can be found under “Schulprofil -> Lernpartnerschaft” » more Homepage (German only) of the Course 21 Project in the tri-city area of the Bergisches Land region. » more |
| 2005 | 2005 German PR Prize for Bayer Bayer AG received the “2005 German PR Prize” in the category “Communications Management” for its communication with the various stakeholders during the company’s reorganization process. The award is presented by the Deutsche Public Relations Gesellschaft (DPRG) together with the F.A.Z. Institute for Management, Market and Media Information “for outstandingly implemented PR concepts, strategically oriented communication processes and exemplary public relations.” |
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