Bayer Announces ‘Project Enhanced S3’ to Enable Companies to Realize Additional Sustainability Value from Carbon Removal Projects
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- This Is Bayer
- Agriculture
- Consumer Health
- Pharmaceuticals
- Products
- Community
- News & Stories
- Careers
ST. LOUIS, November 21, 2024 – Bayer announced today an expanded approach to its programs that sequester carbon and reduce emissions for companies along the food value chain through regenerative agriculture practices. In addition to helping to reduce these companies’ Scope 3 emissions, “Project Enhanced S3” will include data on benefits from regenerative agriculture practices, such as soil health, more efficient water usage, enhanced biodiversity, and economic support for farmers. “Project Enhanced S3” is currently in development, with the goal of helping companies quantify, measure and report the added value of carbon projects taking place on farms in their supply chain, along with a portal to enable them to more easily access insights.
With this enhanced focus on co-benefits, Bayer Ecosystem Services, the business unit that is focused solely on developing sustainability solutions for companies with science-based targets, is creating additional opportunities for customers to obtain value from the myriad data required of carbon programs. Historically, the thousands of data points collected from individual farmers enrolled in the Bayer Carbon Program have been used primarily to understand how field-level practice interventions, such as switching to no-till, strip-till, cover crops, or reduced nitrogen, can sequester and reduce carbon. However, much of that same data may also be contributed by farmers for the purpose of generating reports related to the co-benefits associated with those same activities. The project’s goal is to make use of that data without putting additional administrative burden on farmers.
Project Enhanced S3 will focus on giving businesses one more advantage as they build a sustainability strategy. Bayer’s system of solutions is developed using agronomic expertise, scientific innovations, and digital farming technology, including the ForGround by Bayer and Climate FieldViewTM platforms. These tools will help enable sustainability leaders to thoroughly vet potential solutions, demonstrate progress, and report on the results of their climate investments.
Participation in Bayer’s Project Enhanced S3 is now available for a limited number of select business customers and sustainability leaders.
“By participating, businesses can not only support their own climate goals, but also help drive sustainability solutions across the food supply chain through regenerative agriculture,” said Bastos.
To secure a place in the limited pilot launch, visit BayerForGround.com/Request-Demo. For more information about Bayer Ecosystem Services, visit Bayer.com/EcoServices.
About Bayer
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. In line with its mission, “Health for all, Hunger for none,” the company’s 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 2023, the Group employed around 100,000 people and had sales of 47.6 billion euros. R&D expenses before special items amounted to 5.8 billion euros.
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 conform them to future events or developments.
Media Contacts
Brian Leake | 314.370.3285
Brian.Leake@bayer.com
Hailey Fishel | 731.446.5658
Hailey.Fishel@porternovelli.com
Legal statements:
The Bayer Carbon Program described in this material is subject to the current version of the Bayer Carbon-Smart Practices Master Agreement and attached program terms. The information is to aid in the understanding of the Bayer Carbon Program and does not change or modify the Bayer Carbon-Smart Practices Master Agreement and attached program terms in any way.Services and products offered by Climate LLC are subject to the customer agreeing to our Terms of Service. Our services provide estimates or recommendations based on models. These do not guarantee results. Consult with your agronomist, commodity broker, or other industry professional before making financial, farming, or risk management decisions. More information at https://www.climate.com/legal/disclaimer/.
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