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 53 is higher than 72% 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 18.0 billion kg CO2e, comprising 1.01 billion kg CO2e from Scope 1, 4.32 billion kg CO2e from Scope 2 (location-based), and approximately 17.98 billion kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its emissions, aiming for a 60% reduction in Scope 1 and Scope 2 emissions by 2030, based on 2020 levels, which translates to a target of 2.2 million metric tons of CO2e by 2030. Additionally, Covestro is committed to achieving net-zero emissions for Scope 1 and Scope 2 by 2035 and aims for net-zero emissions across its entire value chain (Scope 3) by 2050. Covestro's reduction initiatives include a significant near-term goal of reducing specific greenhouse gas emissions per metric ton of product manufactured by 50% from a 2005 baseline by 2025. The company has already achieved a 54% reduction in this metric as of 2021. These commitments reflect Covestro's dedication to sustainability and its proactive approach to addressing climate change within the chemical industry.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,250,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 4,330,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 15,750,000,000 | 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 decreased by 0% last year and increased by approximately 14% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 79% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 76% 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.
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