Covestro

Covestro, a German chemicals company, reported approximately 22.83 billion kg CO2e in total emissions for 2024. This includes about 1.01 billion kg CO2e from Scope 1, approximately 3.84 billion kg CO2e from Scope 2 (market-based), and around 17.98 billion kg CO2e from Scope 3 emissions.

Covestro is committed to achieving net-zero Scope 1 and Scope 2 GHG emissions by 2035 at all environmentally relevant sites. As an intermediate goal, the company plans to reduce direct and indirect GHG emissions (Scope 1 and 2) by 60% by 2030, compared to a 2020 baseline of 5.6 million metric tons CO2e, targeting 2.2 million metric tons CO2e. The company also aims for net-zero Scope 3 GHG emissions by 2050, with an intermediate target to reduce these emissions by 30% (equivalent to 10 million metric tons of CO2e) by 2035, compared to a 2021 baseline. Additionally, Covestro targets a 50% reduction in specific greenhouse gas emissions per metric tonne of product manufactured by 2025, compared to a 2005 benchmark.