Covestro

Covestro AG, a German-headquartered Chemicals nec company, reported approximately 22.83 billion kg CO2e in total emissions for 2024. This includes about 1.01 billion kg CO2e from Scope 1 emissions, approximately 3.84 billion kg CO2e from market-based Scope 2 emissions, and roughly 17.98 billion kg CO2e from Scope 3 emissions.

Covestro is committed to achieving net-zero Scope 1 and Scope 2 greenhouse gas emissions by 2035. As an interim target, the company plans a 60% reduction in direct and indirect GHG emissions by 2030, compared to a 2020 baseline. For Scope 3 emissions, Covestro aims for net-zero across its entire value chain by 2050, with an intermediate target of a 30% reduction by 2035 compared to a 2021 baseline. The company also aims to reduce specific greenhouse gas emissions per metric tonne of product manufactured by 50% from a 2005 benchmark by 2025 for both Scope 1 and Scope 2. In 2020, total reported emissions were approximately 2.09 billion kg CO2e, including Scope 1 emissions of 1.25 billion kg CO2e, market-based Scope 2 emissions of 4.33 billion kg CO2e, and Scope 3 emissions of 21.84 billion kg CO2e.