Borealis

Borealis, a chemicals company headquartered in Austria, reported total greenhouse gas emissions of approximately 65.9 billion kg CO2e in 2025. This includes about 1.54 billion kg CO2e from Scope 1 emissions, 674 million kg CO2e from market-based Scope 2 emissions, and approximately 63.7 billion kg CO2e from Scope 3 emissions.

In 2024, Borealis's total emissions were approximately 54.6 billion kg CO2e, with Scope 1 at about 1.6 billion kg CO2e, market-based Scope 2 at 858 million kg CO2e, and Scope 3 at around 52.1 billion kg CO2e. Looking back to 2023, the company's total emissions were approximately 46.8 billion kg CO2e, comprising about 1.35 billion kg CO2e from Scope 1, 953 million kg CO2e from market-based Scope 2, and approximately 44.5 billion kg CO2e from Scope 3.

Borealis is committed to climate action, aiming for climate neutrality by 2050 or sooner for its Scope 1 and Scope 2 emissions, with this commitment cascaded from its parent company Borealis AG. The company has a near-term target to reduce Scope 1 and Scope 2 emissions by 60% by 2030, using a 2019 baseline of 5.1 million metric tons per year, aiming for 2 million metric tons. Additionally, Borealis plans to source 100% of the electricity used in its Polyolefins and Base Chemicals operations from renewable sources by 2030, contributing to Scope 2 reductions. An older target from 2021 indicates a goal to implement energy efficiency improvements equal to 20% of the absolute primary energy consumption in 2015 by 2030 (Scope 1). Another target from 2021 states a goal to source 50% of electricity from renewable sources by 2030 to reduce indirect (Scope 2) emissions.