Covestro (Taiwan) Ltd. Sustainability Profile
Covestro (Taiwan) Ltd., a subsidiary of the global materials manufacturer Covestro AG, is headquartered in Taiwan and operates extensively across the Asia-Pacific region. Founded in 2015, the company has quickly established itself in the polycarbonate and polyurethane industries, focusing on innovative solutions for various sectors, including automotive, electronics, and construction. Covestro is renowned for its high-performance materials that offer exceptional durability and sustainability. Its core products, such as polycarbonate sheets and flexible foams, are distinguished by their lightweight properties and energy efficiency, making them ideal for modern applications. With a commitment to innovation and sustainability, Covestro (Taiwan) Ltd. has positioned itself as a leader in the materials market, contributing to a circular economy and achieving significant milestones in product development and environmental stewardship.
DitchCarbon Score
How does Covestro (Taiwan) Ltd.'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 (Taiwan) Ltd.'s score of 25 is higher than 51% 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 (Taiwan) Ltd. currently does not report specific carbon emissions data, as no emissions figures are available. However, the company is part of a broader corporate family, inheriting emissions data and climate commitments from its parent organisation, Covestro AG. This relationship places Covestro (Taiwan) Ltd. under the sustainability initiatives and targets set by Covestro AG, which is committed to reducing its carbon footprint. As a current subsidiary, Covestro (Taiwan) Ltd. aligns with the climate strategies and performance metrics established by Covestro AG, which has been actively involved in various climate initiatives, including the Carbon Disclosure Project (CDP). The specific details of these initiatives and their impact on emissions reduction are cascaded from Covestro AG, reflecting the company's commitment to sustainability and climate action. While no specific reduction targets or achievements are listed for Covestro (Taiwan) Ltd., the overarching goals from Covestro AG suggest a focus on significant reductions in greenhouse gas emissions across its operations. The company is expected to adhere to industry-standard climate terminology and practices, contributing to a more sustainable future in the chemical industry.
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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 |
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Covestro (Taiwan) Ltd.'s Scope 3 Categories Breakdown
Covestro (Taiwan) Ltd.'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.
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Covestro (Taiwan) Ltd.'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 (Taiwan) Ltd. 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.
