International Companies Form Climate Protection Initiative

January 11, 2007

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Sixteen international companies have signed a global climate protection initiative 3C: Combating Climate Change, which was presented to the European Commission today. The participating companies want to help develop a successful global climate protection policy for the period following the expiration of the Kyoto Protocol in 2012.

“Commitment to climate protection is a top priority with respect to Bayer’s sustainability strategy,” said Dr. Wolfgang Plischke, Bayer AG Board of Management member responsible for innovation, technology and environment,. “That’s why we helped found the 3C initiative, and we hope that as many companies as possible will join this campaign.”

“Instead of being pulled by society, business leaders should be pushing and in a positive way integrate climate change issues into the world of markets and trade on a global scale,” said Lars Josefsson, president and CEO of Vattenfall and the main initiator of 3C:

To fight climate change, the 3C initiative aims to support the political community in establishing a global framework for emissions reduction that would offer fair competitive opportunities to all companies in the various regions of the world. A long-term goal of the initiative is to exhaust the potential of technological innovations between now and the year 2100. The 3C initiative is based on the principle that the industrialized nations should serve as an example to developing countries with respect to climate protection measures.

The signatory companies are ABB, Alstom, Bayer, Deutsche Post World Net, Duke Energy, Endesa, EnBW, Enel, E.ON, Eskom, GE, Norske Skog, NRG Energy, PG&E Corporation, Siemens, Suez, Wallenius Lines, and Vattenfall.