is funding a new professorship at North Carolina State University with a $1 million endowment.

The grant creates a chair in sustainable development.

Bayer CropScience’s headquarters are in the Triangle. Pascal Housset, who leads Bayer’s Environmental Science business operations, announced the endowment.

"We are honored to have Bayer as a collaborator in our research efforts to find solutions to the complex problems that issues like global climate change, population growth, and food and water shortages present," said Johnny Wynne, dean of . "Under Pascal Housset’s leadership, environmental science has discovered new and innovative ways to marry business and the environment, to the benefit of both."

Housset is an advocate of greater cooperation between private industry and universities for research and development.

"We cannot achieve our goals alone,” Housset said in a statement. “That is why the research expertise of North Carolina State makes the university an ideal choice."

"It is within our power to achieve great success for our company while effecting critical change that will benefit society as a whole," he added. "It is simply essential to protect the world in which we live and work. Together with the university, we will take great strides in that direction."