We will remember 2022 as a year of unprecedented events: the war against Ukraine, the massive energy and food supply crisis and the persistent problem of disrupted supply chains. German Chancellor Olaf Scholz talked about the dawning of a new era – a paradigm change that is transforming the face of globalization and complicating the attainment of the UN Sustainable Development Goals (SDGs). With regard to food security in particular, 2022 was a devastating year – and as a leading agriculture company worldwide, we have undertaken significant efforts to support farmers in Ukraine, stabilize the global food supply and continue to resolutely fight climate change. In this context, we must not forget how closely nutritional and climate issues are interlinked. While grain cannot be effectively harvested and exported due to the war in Ukraine, many countries depend on these imports particularly because local climate conditions make it (increasingly) impossible for them to produce a sufficient quantity themselves. Be it in times of war or peace – protecting the climate must remain the top priority. There are always two sides here: we must reduce emissions and thus limit the further increase in the Earth’s temperature – and we must address the current and future effects of climate change on human health and the cultivation of food. Mitigation and adaptation go hand in hand. They are two sides of the same coin. At Bayer, we resolutely pursue both goals: // In 2022, we once again succeeded in reducing our total green- house gas emissions (Scope 1, 2 and 3) – while at the same time achieving dynamic growth in our businesses. We are well on track to become completely climate-neutral in our own operations (Scope 1 and 2) by 2030 // We invest more than almost any other company in adapting to climate change, particularly in crops that are resilient to extreme climate conditions and require fewer resources. We are now introducing a new corn variety that is climate-resistant and more sustainable. And our teams are working diligently on other groundbreaking innovations for the food staples rice and wheat. For the first time, adapting agriculture to climate change was also a major topic at the recent COP27 Summit in Egypt. That is an important signal.