Covestro

Covestro, headquartered in Germany and operating in the Chemicals nec industry, reported total carbon emissions of approximately 22.83 billion kg CO2e in 2024. This includes about 1.01 billion kg CO2e from Scope 1 emissions, 4.32 billion kg CO2e from Scope 2 emissions (location-based), and approximately 17.98 billion kg CO2e from Scope 3 emissions.

Looking back, in 2023, the company's total emissions were approximately 20.86 billion kg CO2e, comprising around 0.93 billion kg CO2e from Scope 1, 4.1 billion kg CO2e from Scope 2 (location-based), and approximately 15.75 billion kg CO2e from Scope 3. In 2022, total emissions were about 21.87 billion kg CO2e, with Scope 1 at approximately 0.99 billion kg CO2e, Scope 2 (location-based) at around 3.82 billion kg CO2e, and Scope 3 at about 16.95 billion kg CO2e.

Covestro is committed to ambitious climate targets. The company aims to achieve net-zero Scope 1 and Scope 2 GHG emissions by 2035. As an interim goal, Covestro plans to reduce its direct and indirect GHG emissions (Scope 1 and 2) by 60% by 2030, compared to a 2020 baseline. Furthermore, Covestro intends to reach net-zero emissions across its entire value chain (Scope 3) by 2050, with an intermediate target of a 30% reduction in Scope 3 emissions by 2035, against a 2021 baseline.