"Young Champions of the Earth" to be awarded for environmental solutions

Covestro and UN launch sustainability competition

Competition for environmental solutions from young people aged 18-30 • Six Young Champions will receive $15,000 each in seed funding and intensive mentoring to help bring their big ideas to life • Global platform for young people to showcase innovative projects to improve the health of the planet

The United Nations Environment Programme has launched ‘Young Champions of the Earth’, a new initiative that aims to celebrate and support individuals between the ages of 18 and 30 with outstanding ideas to save the environment. The initiative is sponsored by Covestro, one of the world’s leading polymer companies and a strong proponent of innovation for environmental sustainability.

According to World Bank, Vietnam is considered to be one of the most vulnerable to the effects of climate change. Its rapid economic growth in the past decades has resulted in a number of environmental challenges. Water, air, land pollution have become more serious. Up to 60 percent of waste is being discharged into the environment without treatment. Source

“Covestro Vietnam is supporting this global UNEP initiative, which is as relevant in Vietnam as it is in other parts of the world”, said David Champion, Managing Director of Covestro Vietnam. “There is so much creative potential here in the country. I can only encourage young people to take this great opportunity to become one of the global winners – and thus to contribute to saving the environment!”

The program is also fully supported by Covestro CEO, Patrick Thomas who emphasized that “Sustainable thinking and acting is critical in preserving our planet and improving the safety and quality of millions of people. Covestro seeks to contribute to this goal with products and technologies that benefit society and reduce the impact on the environment. This is the basis of our vision ‘To make the world a brighter place’ – and Young Champions invites the enthusiastic participation of all who care for our future.”

‘Young Champions of the Earth’ provides a unique global platform for young people to showcase innovative thinking and positive contributions to the health of the planet. The initiative aims to balance negative discourse on the environment and inspire the next generation of environmental leaders.

Each year, six young people – one from each of UN Environment’s global regions – will be named ‘Young Champions of the Earth’. These winners will each receive US$15,000 in seed funding as well as intensive training and tailored mentoring to help bring their big environmental ideas to life.

UN Environment Executive Director Erik Solheim said: “As I’ve seen time and again, when young people are given opportunities and support, they can be powerful catalysts for change. It is our hope that this initiative will inspire thousands of young people around the world to develop innovative ways to tackle the environmental issues that matter to them.”

The winners will be selected by a global jury that includes Erik Solheim and Patrick Thomas. They will be invited to attend the ‘Champions of the Earth’ Gala Dinner, to be held in Nairobi in December 2017.

How to apply?

The application period will last until 18 June 2017.

The selection process has three stages: preliminary, public, and final. Each applicant will be required to submit responses to a series of questions and obtain a sponsor’s recommendation.

After the final selection process is completed by the global jury, the winners will be notified by the end of September and invited to attend the Champions of the Earth Gala Dinner in Nairobi on 5 December 2017. Their names will then be formally announced to the public and global media.

Potential Young Champions can apply and find more information on the website of the initiative:

Covestro Thailand Co. Ltd.
Anne Koch
Telephone: +66 2029 9098
Email: anne.koch@covestro.com

Covestro UK Limited
Rachel Owen
Telephone: +44 1635 720209
Email: rachel.owen@covestro.com

Covestro Deutschland AG
Markus Kleine-Beck
Telephone: +49 214 6009 6697
Email: markus.kleine-beck@covestro.com

About Covestro:

With 2016 sales of EUR 11.9 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of hightech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites around the globe and employs approximately 15,600 people (full-time equivalents) as of the end of 2016.

Forward-looking statements

This presentation may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s and Bayer’s public reports which are available on the Covestro website at www.covestro.com. Covestro and Bayer assume no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.