Borealis

Borealis, a Chemicals nec company headquartered in Austria, reported total global greenhouse gas emissions of approximately 65.89 billion kg CO2e in 2025. This includes about 1.54 billion kg CO2e from Scope 1 emissions, 674 million kg CO2e from Scope 2 (market-based), and approximately 63.68 billion kg CO2e from Scope 3 emissions.

In 2024, Borealis's total global emissions were approximately 54.59 billion kg CO2e, comprising around 1.60 billion kg CO2e from Scope 1, 858 million kg CO2e from Scope 2 (market-based), and about 52.13 billion kg CO2e from Scope 3.

For 2023, total global emissions were approximately 46.82 billion kg CO2e, with about 1.35 billion kg CO2e from Scope 1, 953 million kg CO2e from Scope 2 (market-based), and approximately 44.52 billion kg CO2e from Scope 3.

Borealis is committed to reducing its carbon footprint and aims to achieve climate neutrality for Scope 1 and Scope 2 emissions by 2050 or sooner. The company also has a near-term target to reduce Scope 1 and Scope 2 emissions from 5.1 million metric tonnes per year (2019 baseline) to 2 million metric tonnes by 2030, representing an approximate 60% reduction. A significant portion of this reduction is expected to come from expanding the use of renewable power sources. Additionally, Borealis plans to source 50% of its electricity from renewable sources by 2030 to reduce indirect (Scope 2) emissions. Another target involves implementing energy efficiency improvements equal to 20% of the absolute primary energy consumption in 2015, by 2030. By 2030, Borealis aims for 100% of electricity used in its Polyolefins and Base Chemicals operations to be renewable in origin.