Bayer
Company Score
-1.53Bayer AG is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world. Its areas of business include human and veterinary pharmaceuticals; consumer healthcare products; agricultural chemicals, seeds and biotechnology products.
Bayer products include: aspirin, prontosil (the first widely used antibiotic), the antibiotic Cipro (ciprofloxacin); and Yaz (drospirenone) birth control pills. In 2018 Byer acquired Monsanto, a leading producer of genetically engineered crops, for $63 billion. Bayer CropScience develops genetically modified crops and pesticides.
Read about Bayer and its impact below.
Impact notes
Bayer’s Aspirin costs 3 times the price of generic versions, and still has 40,000 MT of annual sales
Meenakshi Narayanan
Tue Aug 25th, 2020 at 8:59am
Americans spend around $460 billion on prescription drugs, which accounts for 16.7% of the country's total health expenditure1. The per head expenditure on drugs in the U.S.A. stands at $1011, while European nations like Germany and France pay almost half of it2. In such conditions, overpriced drugs can add to the misery of 27.5 million uninsured Americans in 20183.
The proportion of women employees in the Bayer Group reached 40.5% in 2019
Shubham Bakolia
Tue Jul 28th, 2020 at 8:50am
The United Nations believes that gender equality will be an essential factor in the world’s future economic and social development1. As of now, women represent less than 39% of the total world’s employment2. Only 27% were in managerial positions out of the total employed women in 2018 2.
Bayer's Dicamba weedkiller is leading to up to 40% yield reduction
Ma So
Fri Jun 5th, 2020 at 10:50am
Monsanto has been trying to re-brand itself after the Roundup scandal, a herbicide that has been proven to be cancer-related1. Its 2016 Sustainability Report shows good achievement, aiming towards the SDGs2,p8-11.
Bayer needs to do more to tackle climate change
Sebastiaan Ioannis Petropoulos
Mon Mar 30th, 2020 at 9:29am
Climate change threatens our modern societies in many ways: Crop failure, increased sea levels that will lead to immigrations, an increase on extreme natural disasters are just some of the main risks that we phase1 . A vast majority of scientists, (97%), agrees that human actions are the main cause of this climate change2.
Bayer’s neonicotinoid pesticides imidacloprid and clothianidin negatively affects aquatic species
JR
Thu Feb 20th, 2020 at 10:51am
There is a compelling body of evidence that clearly demonstrates that neonicotinoids are having major impacts on biodiversity1. Neonicotinoids do not bind well to soils and are highly soluble in water, thus making the pesticides more likely to enter waterways during and after rain events2. This is very problematic because the use of neonicotinoids can impact non-target species in the aquatic system.
