Foreword
Our Stock
Bayer stock: A sustainable investment
Institutional and private investors have included sustainability criteria in their investment policies for many years. Bayer is well-positioned to benefit from such considerations through its commitment to society and the environment. Our stock is included in all major share indices that highlight especially sustainable enterprises.
We are also pioneering new approaches to financial management. In summer 2005 Bayer became the first non-governmental organization to issue a high-volume hybrid bond. The main feature of such instruments – which are a cross between a stock and a genuine bond – is their long maturity. For example, Bayer’s hybrid bond matures in 100 years. It was oversubscribed within a short period, indicating investors’ confidence in our long-term business performance. The issue raised EUR1.3 billion, EUR300 million more than originally planned.
Sustainability indices: Inclusion in the Climate Leadership Index
We are particularly proud to have been given a place in the Climate Leadership Index in fall 2005. This index contains the top 12 percent of the world’s 500 largest listed corporations, measured by their climate protection performance.
We have been included in the Dow Jones Sustainability Index World (djsi World) continuously since it was established in 1999. Since 2001 we have also been listed in its European counterpart, the Dow Jones Sustainability Index stoxx (DJSI STOXX). Inclusion in this index is based on an assessment by the Zurich-based rating agency sam Research. In the 2005 rating process Bayer’s company score was 75 percent of the maximum, placing it above the average for the chemical industry, which was 60 percent. Furthermore, we have been included in the benchmark sustainability indices in the FTSE4Good series since it was launched by the Financial Times and the London Stock Exchange in 2001. In 2005 analysts at the Storebrand Principle Global Funds again included Bayer in the top ten percent of chemical companies on the basis of its sustainability performance.
We are also pioneering new approaches to financial management. In summer 2005 Bayer became the first non-governmental organization to issue a high-volume hybrid bond. The main feature of such instruments – which are a cross between a stock and a genuine bond – is their long maturity. For example, Bayer’s hybrid bond matures in 100 years. It was oversubscribed within a short period, indicating investors’ confidence in our long-term business performance. The issue raised EUR1.3 billion, EUR300 million more than originally planned.
Sustainability indices: Inclusion in the Climate Leadership Index
We are particularly proud to have been given a place in the Climate Leadership Index in fall 2005. This index contains the top 12 percent of the world’s 500 largest listed corporations, measured by their climate protection performance.
We have been included in the Dow Jones Sustainability Index World (djsi World) continuously since it was established in 1999. Since 2001 we have also been listed in its European counterpart, the Dow Jones Sustainability Index stoxx (DJSI STOXX). Inclusion in this index is based on an assessment by the Zurich-based rating agency sam Research. In the 2005 rating process Bayer’s company score was 75 percent of the maximum, placing it above the average for the chemical industry, which was 60 percent. Furthermore, we have been included in the benchmark sustainability indices in the FTSE4Good series since it was launched by the Financial Times and the London Stock Exchange in 2001. In 2005 analysts at the Storebrand Principle Global Funds again included Bayer in the top ten percent of chemical companies on the basis of its sustainability performance.
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