Bayer

Definition

Bayer is a global enterprise with core competencies in the life science fields of healthcare and agriculture, known for its commitment to innovation, sustainability, and social responsibility. In the context of business ethics and social responsibility, Bayer's operations exemplify how companies can manage their responsibilities to various stakeholders, including customers, employees, communities, and the environment.

Related terms

Corporate Social Responsibility (CSR): The concept that businesses should be accountable not only to their shareholders but also to society at large by participating in ethical practices and contributing positively to the community.

Stakeholder Engagement:

The process of involving those who have an interest or concern in a business's operations in decision-making processes, ensuring that their needs and perspectives are considered.

Sustainable Development: Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, often focusing on economic growth, social inclusion, and environmental protection