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.
+41 vs industry average
Covestro’s score of 70 is higher than 79% 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 19% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Covestro's reported carbon emissions
Covestro, a chemicals company headquartered in DE, has set ambitious climate targets, aiming for net-zero Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 2035. The company also targets net-zero Scope 3 GHG emissions by 2050.
Carbon Emissions Data:
- 2025: Covestro reported total GHG emissions of approximately 21.85 billion kg CO2e. This includes around 780 million kg CO2e for Scope 1, approximately 3.57 billion kg CO2e for Scope 2 (market-based), and around 17.5 billion kg CO2e for Scope 3.
- 2024: Total emissions stood at approximately 22.83 billion kg CO2e, comprising about 1.01 billion kg CO2e (Scope 1), 3.84 billion kg CO2e (Scope 2 market-based), and 17.98 billion kg CO2e (Scope 3).
- 2023: Covestro's total emissions were approximately 20.86 billion kg CO2e, with Scope 1 emissions at about 930 million kg CO2e, Scope 2 at 4.18 billion kg CO2e (market-based), and Scope 3 at 15.75 billion kg CO2e.
- 2022: Total emissions were approximately 21.87 billion kg CO2e, including around 990 million kg CO2e for Scope 1, 3.93 billion kg CO2e for Scope 2 (market-based), and 16.95 billion kg CO2e for Scope 3.
- 2021: The company reported Scope 3 emissions totalling approximately 21.84 billion kg CO2e. Scope 1 and Scope 2 data were not reported for this year.
- 2020: Total emissions were approximately 27.42 billion kg CO2e, comprising 1.25 billion kg CO2e (Scope 1), 5.58 billion kg CO2e (Scope 2 market-based), and 21.84 billion kg CO2e (Scope 3).
- 2019: Covestro reported Scope 1 and Scope 2 emissions totalling approximately 5.91 billion kg CO2e (market-based). Scope 3 data was not disclosed.
- 2018: Scope 1 and Scope 2 emissions were approximately 6.58 billion kg CO2e (market-based). Scope 3 data was not disclosed.
- 2017: Scope 1 and Scope 2 emissions were approximately 6.26 billion kg CO2e. Scope 3 data was not disclosed.
- 2016: Scope 1 and Scope 2 emissions were approximately 7.4 billion kg CO2e. Scope 3 data was not disclosed.
- 2005: Scope 1 and Scope 2 emissions were approximately 6.57 billion kg CO2e. Scope 3 data was not disclosed.
Climate Commitments and Reduction Targets:
Covestro is committed to significant emissions reductions across all scopes:
- Net-Zero by 2035: The company aims for net-zero Scope 1 and Scope 2 GHG emissions by 2035 at all environmentally relevant sites.
- 60% Reduction by 2030: Covestro plans to reduce its direct and indirect GHG emissions by 60% by 2030, using 2020 as a baseline year. This equates to an interim target of 2.2 million metric tons of CO2e by 2030.
- 50% Reduction in Specific Emissions: The company aims to reduce specific greenhouse gas emissions per metric ton of product manufactured by 50% from its 2005 benchmark by 2025.
- Scope 3 Reduction: Covestro has set a target to reduce Scope 3 GHG emissions by 30% by 2035 compared to the 2021 baseline year, which is equivalent to a reduction of 10 million metric tons of CO2 equivalents.
The company's emissions data and reduction targets are cascaded from its ultimate parent, Covestro AG.
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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.
See all 13 climate goals
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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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Covestro
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