Covestro

Covestro's reported carbon emissions

Covestro, a chemicals company headquartered in Germany, has reported total greenhouse gas (GHG) emissions of approximately 21.9 billion kg CO2e for the year 2025. This figure encompasses Scope 1, 2, and 3 emissions. **Emissions Breakdown for 2025:** * **Scope 1:** Approximately 780 million kg CO2e. * **Scope 2 (Market-based):** Approximately 3.57 billion kg CO2e. * **Scope 3:** Approximately 17.5 billion kg CO2e, with purchased goods and services being a significant contributor at around 13 billion kg CO2e. **Climate Commitments and Targets:** Covestro is committed to achieving climate neutrality and has set ambitious reduction targets: * **Net-Zero Scope 1 and 2 Emissions:** The company aims to reach net-zero GHG emissions for Scope 1 and Scope 2 by 2035. * **Scope 1 and 2 Reduction by 2030:** As an intermediate goal, Covestro plans to reduce its Scope 1 and 2 emissions by 60% by 2030, compared to 2020 levels. This aims for approximately 2.2 million metric tons of CO2 equivalents by 2030. * **Scope 3 Reduction by 2035:** Covestro has set a target to reduce GHG emissions from upstream and downstream processes in its value chain by 30% by 2035, compared to the 2021 baseline. This equates to approximately 10 million metric tons of CO2 equivalents. * **Net-Zero Scope 3 Emissions:** Covestro also aims to achieve net-zero emissions along its entire value chain (Scope 3) by 2050. **Historical Emissions Data:** * In 2024, Covestro reported total GHG emissions of approximately 22.83 billion kg CO2e. * For 2023, total emissions were approximately 20.86 billion kg CO2e. * In 2022, total emissions were approximately 21.87 billion kg CO2e. Covestro's emissions data is derived from its own reporting and may be cascaded from its parent organisation, Covestro AG.