MASHINIi

BAYWA AG.

BYW.XETRA | Non-specialized wholesale trade

BayWa AG is a globally operating group with core competencies in trading, logistics, and services. Its segments include agriculture, building materials, energy, and innovation & digital business. The agriculture segment provides products and services for crop production, fruit, and special crops, as...Show More

Ethical Profile

Mixed.

BayWa AG's ethical profile is mixed. The company was fined roughly 157 million euros in 2022 for alleged price-fixing in the plant protection products market. While committed to climate neutrality for Scope 1 and 2 emissions by 2030, achieving a 23% reduction by 2022 and sourcing 100% renewable electricity, critics point to substantial Scope 3 emissions of 39 million tonnes CO₂e in 2022. Reports also indicate 744 occupational accidents in 2022, including one fatality. On worker rights, 54.1% of employees are covered by collective bargaining, and the CEO-to-employee pay ratio is reported as 33x. The company's total waste generated increased to 47,912 tonnes in 2022, with a recycling rate of approximately 54%.

Value Scores

Better Health for All-50
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing10
-100100
Honest & Fair Business-30
-100100
Kind to Animals0
-100100
No War, No Weapons-30
-100100
Planet-Friendly Business-40
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-20
-100100
Zero Waste & Sustainable Products-40
-100100

Better Health for All

-50

BayWa's BayWa Foundation donated €4.1 million to education and healthy nutrition projects in 2022

1
, which represents 0.0151% of its €27.1 billion revenue
2
, indicating token equity programs. The company provides basic support to the healthcare workforce through a donation of 40 bicycles to frontline health workers in northern Uganda
3
. BayWa has substantial mental health support with integrated programs for employees, including a mental health strategy
4
, mindfulness and burnout prevention programs
5
, an online healthcare program
6
, and training for mental health assistance providers
7
. For nutrition and food safety, all operations are certified by GFSI-recognized food safety schemes, including ISO 22000:2018
8
,
9
, and the company is involved in plant-based proteins and promotes dietary-specific recipes
10
. However, the company's operations have moderate health-harming externalities, such as excessive pesticide use potentially leading to illness
11
and pollution impacting local populations
12
, despite efforts to reduce pesticide use
13
.

Fair Money & Economic Opportunity

0

BayWa AG's core business is in agriculture, building materials, energy, and innovation & digital business, not consumer financial services. Therefore, the company does not offer lending or deposit services to consumers, nor does it provide debt products or operate financial service access points. There are no APR or fee structures to evaluate for consumer credit products, and no revenue from high-cost financial products or penalty fees. The company does not generate or manage customer finance data, nor is it regulated as a consumer lender. While BayWa AG has internal diversity, equity, and inclusion programs, these are not dedicated inclusion programs related to a loan or insurance book for low-income, SME, or micro-segments. The company's foundation supports general education projects, but these are not specifically financial literacy initiatives for its customers, nor do they directly track customer credit or savings outcomes. Profit reinvestment is not specifically directed towards community finance or profit-sharing with underserved communities.

Fair Pay & Worker Respect

0

In 2024, the company reported 21 substantiated incidents, comprising 12 objectively justified discrimination incidents, 2 severe discrimination incidents, 6 objectively justified non-discrimination incidents, and 1 severe non-discrimination incident.

1
No fines were issued for discrimination or non-discrimination incidents in 2024.
2
The CEO to median employee pay ratio was 30.6 to 1 in 2024.
3
In 2023, 54.1% of employees were covered by collective bargaining agreements.
4
The unadjusted gender pay gap was 11.2% in 2024, meaning women earned 88.8% of men's pay.
5
The employee turnover rate was 10.8% in 2023.
6
In 2024, 20.09% of the workforce was on temporary or non-guaranteed hours contracts.
7

Fair Trade & Ethical Sourcing

10

The Supplier Code of Conduct, which contains enforceable ethical-sourcing clauses, has been integrated into all contract templates for BayWa AG and its subsidiaries under decisive influence.

1
By 2022, 95% of direct suppliers to BayWa AG had contracts that included these clauses, with a goal of 100% for all new contracts by the end of 2022.
2
Existing suppliers of BayWa AG have received contract supplements, and subsidiaries are progressively implementing these clauses.
3

Honest & Fair Business

-30

BayWa AG was fined €68 million (approximately $75.89 million) by the Federal Cartel Office in a plant protection cartel case, with the decision dated June 30, 2022.

1
The company operates a whistleblower system accessible to employees, business partners, suppliers, and other third parties, allowing anonymous reporting of compliance issues including corruption and antitrust, and protecting whistleblowers from retaliation.
2
However, the protection of whistleblowers and the availability of channels are not defined Group-wide, but rather at the level of individual segments, sub-groups, or affiliated companies.
3
BayWa has a Code of Conduct and Compliance Policy that prohibits corruption and bribery.
4
Specialized mandatory compliance training for managers and employees in purchasing and sales occurs every two or three years.
5
The anti-corruption and anti-bribery sub-area of the Compliance Management System was subject to an external audit in 2023, which assessed its appropriateness and effectiveness.
6

Kind to Animals

0

No specific, measurable data points were found in the provided articles to assess the company against the quantitative thresholds for any of the 'Kind to Animals' KPIs. While the company's agriculture segment provides products and services for animal welfare

1
, and some initiatives related to habitat creation are mentioned
2
, the evidence does not include the required percentages, volumes, or documented impact metrics to score any KPI according to the rubric's strict quantitative criteria.

No War, No Weapons

-30

BayWa's Supplier Code of Conduct, published March 2025, outlines expectations for suppliers regarding social responsibility, environmental protection, and integrity.

1
This code meets the requirements of the German Supply Chain Due Diligence Act (LkSG) and references international standards such as the UN Global Compact, International Bill of Human Rights, and UN Guiding Principles on Business and Human Rights.
2
The company's Social Compliance Management System (SCMS) focuses on human rights and environmental risk management across its global supply chains, including risk analysis, prevention, complaints procedures, remedial action, and documentation.
3
BayWa conducts annual human rights and environmental risk analyses, identifying 67 risks in its own business and 412 in its supply chain in 2023, based on a 2021/2022 group-wide assessment.
4
These analyses categorize suppliers by country and industry risk.
5
The company's policies explicitly reference the UN Guiding Principles on Business and Human Rights, with adherence monitored through its SCMS.
6

Planet-Friendly Business

-40

In 2024, 41.90% of the company's capital expenditure was aligned with the EU Sustainable Taxonomy, and its water intensity was 116 m³ per million Euro revenue.

1
The same year, 28% of total operational energy consumption came from renewables, with 100% of electricity needs covered by renewables since 2020.
2
The waste diversion rate stood at 39.51% in 2024. The company targets climate neutrality for Scope 1 and 2 emissions by 2030, having already achieved an interim 22% reduction in these emissions by 2024 (compared to 2017) ahead of schedule.
3
Reporting is aligning with TCFD recommendations, and climate risk assessments use 2°C and 4°C global warming scenarios.
4
The company discusses stranded asset risks for solar parks and has an initiative offering preferential renewable electricity rates to vulnerable communities.
5
No emissions exceeding E-PRTR thresholds were reported in 2024, though 135 claims for environmental damage occurred in 2023.
6
However, the company as a whole does not have SBTi-validated targets, with only a segment having them and the overall company being guided by SBTi principles and planning future strategy development.
7

Respect for Cultures & Communities

0

The company has no reported cultural appropriation incidents.

1
No other specific, quantitative data points were found in the provided articles to assess the company against the remaining KPIs for Respect for Cultures & Communities.

Safe & Smart Tech

-20

BayWa AG's whistleblower system relies on user ID and password authentication, with no mention of multi-factor authentication, indicating weak authentication security.

1
The company's privacy certifications are limited in scope; while its subsidiary BayWa r.e. is ISO/IEC 27001 certified
2
and BayWa AG applies an ISO 27001 based standard as a critical infrastructure operator
3
, this does not cover the entire organization. In terms of regulatory compliance, BayWa AG demonstrates good adherence to applicable regulations, including GDPR, the German Federal Data Protection Act of 2018, and the Whistleblower Protection Act of 2023.
4
,
5
The company reported no significant breaches of data protection laws or fines in 2023
6
, and is proactively preparing for CSRD and ESRS reporting from 2024.
7
,
8
Furthermore, there were no documented incidents of unauthorized data use in 2023 or 2024. The company uses standard encryption practices, including SSL for web communication and fully encoded data within its whistleblower system.
9

Zero Waste & Sustainable Products

-40

In 2024, BayWa's waste diversion rate was 39.51%, with 773.2 tonnes of waste diverted from landfill and 1,183.7 tonnes directed to disposal.

1
The company demonstrated outstanding hazardous waste management in 2024, diverting 87.1% (30.4 tonnes) of hazardous waste from disposal, alongside comprehensive management of hazardous substances.
2
There were no significant breaches of laws or regulations or fines issued in 2023 related to waste disposal.
3
BayWa applies circular design principles to several product categories, including a group-wide checklist for wind and solar projects, a green IT project launched in 2023 to reuse or refurbish old appliances, and PVpallets designed for reusability.
4
The company has implemented five distinct waste reduction initiatives, such as a partnership to reduce solar industry waste, the green IT project, promoting revamping and repowering services, updating packaging guidelines for solar panel wholesale, and recycling waste oil from workshops.
5
,
6
,
7
BayWa provides disposal instructions to customers and makes information on packaging disposal available.
8
,
9

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.