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Public Profile
Chemicals
DE
updated 6 days ago

Covestro

Company website

Covestro AG, headquartered in Leverkusen, Germany, is a leading global manufacturer in the polymer industry, specialising in high-performance materials and innovative solutions. Founded in 2015, following its spin-off from Bayer, Covestro has rapidly established itself as a key player in the production of polycarbonate, polyurethane, and coatings, adhesives, and specialties. With a strong presence in Europe, Asia, and the Americas, Covestro is committed to sustainability and circular economy principles, offering unique products that enhance energy efficiency and reduce environmental impact. The company’s dedication to innovation has led to significant achievements, including advancements in bio-based materials and recycling technologies, positioning Covestro as a frontrunner in the industry.

DitchCarbon Score

How does Covestro's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

37

Industry Average

Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

19

Industry Benchmark

Covestro's score of 37 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.

65%

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Covestro's reported carbon emissions

In 2023, Covestro reported total greenhouse gas emissions of approximately 20,860,000,000 kg CO2e. This includes Scope 1 emissions of about 930,000,000 kg CO2e, Scope 2 emissions of approximately 4,180,000,000 kg CO2e (market-based), and significant Scope 3 emissions totalling around 15,750,000,000 kg CO2e. The company has set ambitious targets to achieve net-zero emissions for both Scope 1 and Scope 2 by 2035, with a near-term goal of reducing these emissions by 60% from 2020 levels by 2030, aiming for a reduction to 2,200,000,000 kg CO2e. Covestro's commitment to sustainability includes a target to reduce specific greenhouse gas emissions per metric ton of product manufactured by 50% from a 2005 benchmark by 2025. The company is also focused on reducing upstream and downstream emissions in its value chain by 30% by 2035, compared to 2021 levels. Overall, Covestro is actively working towards significant emissions reductions and aims to align its operations with global climate goals, demonstrating a strong commitment to environmental responsibility.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2020202120222023
Scope 1
1,250,000,000
000,000,000
000,000,000
000,000,000
Scope 2
4,330,000,000
0,000,000,000
0,000,000,000
0,000,000,000
Scope 3
-
00,000,000,000
00,000,000,000
00,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Covestro's primary industry is Chemicals nec, which is high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Covestro is in DE, which has a medium grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Covestro is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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