Eastman Chemical Company, commonly referred to as Eastman, is a leading player in the chemicals nec industry, headquartered in the United States. Founded in 1920, the company has established a strong presence in various operational regions, including North America, Europe, and Asia.
Eastman is renowned for its innovative solutions in specialty chemicals, advanced materials, and additives, catering to diverse sectors such as automotive, consumer goods, and pharmaceuticals. The company’s commitment to sustainability and product excellence sets it apart, with a portfolio that includes unique offerings like copolyester resins and performance films.
With a rich history of milestones, Eastman has consistently positioned itself as a market leader, recognised for its technological advancements and customer-centric approach. Its dedication to quality and innovation continues to drive its success in the global chemicals landscape.
+10 vs industry average
Eastman’s score of 40 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Chemicals is among the most carbon-intensive industries
Industry performance
The Chemicals industry has reduced its overall emissions by 19% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Eastman's reported carbon emissions
Eastman, a US-based chemicals company, has demonstrated a commitment to reducing its environmental impact, with a particular focus on greenhouse gas (GHG) emissions.
For the reporting year 2024, Eastman reported a total of approximately 10.4 billion kg CO2e across Scope 1, 2, and 3 emissions. This figure is composed of approximately 6.6 billion kg CO2e for Scope 1 emissions, approximately 371.4 million kg CO2e for Scope 2 (market-based), and approximately 9.4 billion kg CO2e for Scope 3.
Looking at historical data, Eastman reported a total of approximately 7.0 billion kg CO2e in 2023, comprising approximately 6.0 billion kg CO2e (Scope 1), approximately 1.0 billion kg CO2e (Scope 2 market-based), and approximately 9.7 billion kg CO2e (Scope 3). In 2022, total emissions were approximately 6.8 billion kg CO2e, with Scope 1 at approximately 6.0 billion kg CO2e, Scope 2 market-based at approximately 799.0 million kg CO2e, and Scope 3 at approximately 8.3 billion kg CO2e. In 2021, the company reported approximately 7.0 billion kg CO2e for Scope 1 and 2 (market-based) and approximately 9.9 billion kg CO2e for Scope 3. Prior to this, in 2020, Scope 1 and 2 emissions were approximately 7.2 billion kg CO2e, and in 2019, Scope 1 and 2 emissions were approximately 6.8 billion kg CO2e. In 2017, Scope 1 and 2 emissions totalled approximately 8.1 billion kg CO2e.
Eastman has set ambitious climate targets. The company aims to achieve carbon neutrality for its Scope 1 and 2 GHG emissions by 2050. As a near-term goal, Eastman is committed to reducing its absolute Scope 1 and 2 GHG emissions by one-third by 2030, using a 2017 baseline. In addition, Eastman has targeted a 30% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2020 baseline. The company also aims to reduce its Scope 1 and Scope 2 emissions to near zero by the middle of the current decade. Eastman has also announced a goal of reducing its combined absolute Scope 1+2 GHG emissions by 32% by 2030 from a 2017 baseline.
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Eastman’s Climate Goals (2030 & 2050)
13 goals2030
33% reduction in Scope 2
Reduce our absolute greenhouse gas Scope 1 and 2 emissions by one-third by 2030 to achieve carbon neutrality by 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 13 climate goals
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Eastman
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