Covestro Sustainability Profile
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 48 is higher than 68% 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, with Scope 1 emissions at about 1,010,000,000 kg CO2e and Scope 2 emissions at approximately 3,840,000,000 kg CO2e (market-based). The company also disclosed Scope 3 emissions, which totalled around 35,520,000,000 kg CO2e, primarily from purchased goods and services (about 13,570,000,000 kg CO2e) and capital goods (approximately 290,000,000 kg CO2e). 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 achieve a 60% reduction in direct and indirect greenhouse gas emissions by 2030, targeting a reduction from a baseline of 5,600,000,000 kg CO2e in 2020 to 2,200,000,000 kg CO2e by 2030. This commitment includes a specific goal to reduce emissions per metric ton of product manufactured by 50% from the 2005 benchmark by 2025. The company’s long-term strategy also includes a target to reduce Scope 3 emissions by 30% by 2035, equivalent to about 10,000,000,000 kg CO2e compared to 2021 levels. Covestro's climate initiatives reflect a strong commitment to sustainability and align with industry standards for reducing carbon footprints.
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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 |
How Carbon Intensive is Covestro's Industry?
How Carbon Intensive is Covestro's Location?
Covestro's Scope 3 Categories Breakdown
Covestro'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.
Top Scope 3 Categories
Covestro'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 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.
