Covestro
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 36 is higher than 61% 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 total GHG emissions by 60% from a 2020 baseline of 5,600,000,000 kg CO2e to 2,200,000,000 kg CO2e by 2030. This target encompasses both direct and indirect emissions, with specific reductions of 50% in greenhouse gas emissions per metric ton of product manufactured by 2025, compared to 2005 levels. The company’s initiatives reflect a commitment to sustainability and align with industry standards for climate action, including a focus on reducing emissions across its value chain. Covestro's targets are not cascaded from a parent organization, indicating a direct commitment to its sustainability goals.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 |
Industry emissions intensity
Location emissions intensity
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.
