Covestro Sustainability Profile
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.
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.
Industry Benchmark
Covestro's score of 42 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Covestro's reported carbon emissions
In 2024, Covestro reported total greenhouse gas emissions of approximately 22,830,000,000 kg CO2e, comprising 1,010,000,000 kg CO2e from Scope 1, 3,840,000,000 kg CO2e from Scope 2 (market-based), and 35,520,000,000 kg CO2e from Scope 3 emissions. The previous year, 2023, saw total emissions of about 20,860,000,000 kg CO2e, with Scope 1 emissions at 930,000,000 kg CO2e and Scope 2 emissions at 4,180,000,000 kg CO2e (market-based). Covestro has set ambitious climate commitments, aiming for net-zero emissions for both Scope 1 and Scope 2 by 2035. Additionally, the company plans to reduce its direct and indirect greenhouse gas emissions by 60% from a 2020 baseline of 5,600,000,000 kg CO2e, targeting a reduction to 2,200,000,000 kg CO2e by 2030. This commitment includes a specific goal to halve specific greenhouse gas emissions per metric ton of product manufactured by 2025, compared to a 2005 benchmark. The company’s initiatives reflect a comprehensive approach to sustainability, with a long-term vision to achieve net-zero emissions across its entire value chain (Scope 3) by 2050. Covestro's emissions data and reduction targets are not cascaded from any parent organization, ensuring that their commitments are independently defined and reported.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 434.2 | 000.0 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 0,000,000,000 | 0,000,000,000 | 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 | 00,000,000,000 |
How Carbon Intensive is Covestro's Industry?
How Carbon Intensive is Covestro's Location?
Covestro's Scope 3 Categories Breakdown
Covestro's Scope 3 emissions, which increased by 15% last year and increased by approximately 63% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 38% of Scope 3 emissions.
Top Scope 3 Categories
Covestro's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Covestro has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
