Covestro AG, headquartered in Leverkusen, Germany, is a leading player in the chemicals nec industry, specialising in high-performance polymers and innovative materials. Founded in 2015 as a spin-off from Bayer MaterialScience, Covestro has rapidly established itself as a key provider of sustainable solutions across various sectors, including automotive, construction, and electronics.
The company’s core products, such as polycarbonate and polyurethane, are renowned for their durability and versatility, making them essential in modern manufacturing. Covestro's commitment to sustainability and circular economy principles sets it apart in the competitive landscape, driving advancements in eco-friendly materials. With a strong global presence, particularly in Europe, Asia, and the Americas, Covestro continues to achieve significant milestones, reinforcing its position as a pioneer in the chemical industry.
+40 vs industry average
Covestro’s score of 69 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Chemicals is among the most carbon-intensive industries
Industry performance
The Chemicals industry has reduced its overall emissions by 6% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Covestro's reported carbon emissions
In 2025, Covestro's total global greenhouse gas emissions were approximately 21.85 billion kg CO2e. This breaks down into approximately 780 million kg CO2e for Scope 1, about 3.57 billion kg CO2e for Scope 2 (market-based), and approximately 17.5 billion kg CO2e for Scope 3. For 2024, Covestro reported global emissions totalling approximately 22.83 billion kg CO2e. Scope 1 emissions were around 1.01 billion kg CO2e, Scope 2 (market-based) were approximately 3.84 billion kg CO2e, and Scope 3 emissions were approximately 17.98 billion kg CO2e. In 2023, the company's global emissions were approximately 20.86 billion kg CO2e, comprising about 930 million kg CO2e for Scope 1, approximately 4.18 billion kg CO2e for Scope 2 (market-based), and around 15.75 billion kg CO2e for Scope 3. Covestro has set ambitious climate targets, including achieving net-zero Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 2035 at all environmentally relevant sites. Furthermore, the company aims for net-zero Scope 3 emissions across its value chain by 2050. As an intermediate step, Covestro plans a 60% reduction in Scope 1 and 2 GHG emissions by 2030, compared to 2020 levels. This target aims to reduce emissions from approximately 5.6 million metric tons of CO2 equivalents in 2020 to 2.2 million metric tons by 2030, excluding compensation measures. Additionally, the company targets a 30% reduction in upstream and downstream Scope 3 emissions by 2035, compared to the 2021 baseline of 10 million metric tons of CO2 equivalents. Covestro also aims to halve specific energy usage at its main production sites by 2030, relative to the 2005 baseline.
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Covestro’s Climate Goals (2030 & 2050)
13 goals2035
30% reduction in scope 3 total
On the way to meeting this target, the company plans, by the year 2035, to reduce GHG emissions from upstream and downstream processes in th…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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