Bayer seeks alternatives for glyphosate
Author: Mario Schmidtgen
Group investment of billions
Bayer has announced an offensive for more transparency and sustainability after the company was criticized further and further after the takeover of the glyphosate producer Monsanto. Five billion euros will be invested in additional weed control methods over the next ten years. In addition, the environmental balance shall also be improved. The aim is to reduce the impact of agricultural products on the environment by 30 percent by 2030.
In this way, the Bayer Group intends to live up to its increased responsibility as a leading agricultural company. Bayer shares have lost significant value since the Monsanto incident, particularly as the company is at the center of many lawsuits in the United States in which plaintiffs blame Monsanto’s herbicide for cancer.
Bayer always points out that glyphosate-based products are safe when used properly. The products will also “continue to play an important role in agriculture and in Bayer’s product range,” said the company.
The additional weed control methods, in which billions will be invested, aim to develop new modes of action. Partnerships with weed researchers around the world will also be intensified in order to develop customer-specific solutions for farmers.