Bayer AG - Stockholders' Newsletter Third Quarter 2007 - Chair for Sustainable Development in China

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Chair for Sustainable Development in China

(from right): Bayer Management Board Research spokesman Dr. Wolfgang Plischke, Maheh Pradhan of UNEP and Tongji University President Professor Pei Gang at the endowment ceremony.

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(from right): Bayer Management Board Research spokesman Dr. Wolfgang Plischke, Maheh Pradhan of UNEP and Tongji University President Professor Pei Gang at the endowment ceremony.

Shanghai. In mid-October Bayer and Tongji University announced the endowment of a Chair of Environmental Policy and Sustainable Development in Shanghai. The Chair will be part of the Tongji Institute of Environment for Sustainable Development, which the university maintains in cooperation with the United Nations Environment Programme (UNEP). The endowment totals US$1 million to be made available by the Bayer Science and Education Foundation over the first five years.

Against the background of the major environmental and social challenges that exist in China, the Chair will aim primarily to promote projects that support the country on its path to sustainable growth. Academic work at the Chair will therefore center on research into modern, efficient environmental technologies. Further areas of focus will include the development of political and socio-economic measures to implement sustainable development in China and scholarship programs for outstanding students.