As a global life sciences business, we are exposed to a wide range of internal and external developments and events that could significantly affect the achievement of our financial and non-financial objectives. Therefore, opportunity and risk management is an integral part of Bayer's corporate governance. We have implemented a holistic and integrated risk management system designed to ensure the continued existence and future achievement of the Group's objectives through the timely identification, assessment and management of risks. The risk management system is aligned with internationally recognized standards and principles such as the ISO 31000 standard of the International Organization for Standardization.

The challenges of the future are significant: Climate change, biodiversity loss, extreme weather conditions and water crises are considered global risks of our time. They are of particular importance to Bayer's health and nutrition business. However, they also host huge opportunities to help bring our operations and products around the world, positively impact people's lives and achieve growth with sustainable businesses.

We have a special responsibility. We know that the size of our business alone means that we should and can make a significant contribution to sustainable development. With innovative products and services, as well as the will to develop resilient and future-oriented business models, we return to our roots: Our purpose "Science for a better life" guides our actions to help achieve a high quality of life in a healthy planet. To this end, we progress towards science and innovation. We develop solutions that address the most important ecological and social challenges and must achieve our vision "Health for all, hunger for none".

Andreas Pollner, CEO