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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 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.
Chemicals is among the most carbon-intensive industries
The Chemicals industry has reduced its overall emissions by 19% since 2018
Scope 3 accounts for ••• of total emissions.
Covestro's carbon emissions performance demonstrates a clear commitment to climate action. For the year 2025, the company reported a total of approximately 21.85 billion kg CO2e. This figure comprises around 780 million kg CO2e for Scope 1 emissions, approximately 3.57 billion kg CO2e for Scope 2 (market-based), and a substantial 17.5 billion kg CO2e for Scope 3 emissions.
Looking at previous years, Covestro's total emissions were approximately 22.83 billion kg CO2e in 2024, around 20.86 billion kg CO2e in 2023, and about 21.87 billion kg CO2e in 2022. Scope 1 and Scope 2 emissions combined for 2024 were approximately 4.85 billion kg CO2e, and for 2023, they totalled around 5.11 billion kg CO2e. Scope 3 emissions were a significant part of the total, reaching approximately 17.98 billion kg CO2e in 2024 and about 15.75 billion kg CO2e in 2023.
Covestro has established ambitious climate targets. The company is determined to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions by 2035. Furthermore, Covestro has set an intermediate target to reduce direct and indirect greenhouse gas emissions by 60% by 2030, compared to 2020 levels. This translates to an aim of lowering emissions from 5.6 million metric tons of CO2 equivalents in the baseline year to 2.2 million metric tons by 2030. Beyond operational emissions, Covestro also aims for net-zero emissions along its value chain (Scope 3) by 2050. This includes a target to reduce Scope 3 emissions by 30% by 2035 compared to a 2021 baseline. Additionally, Covestro has a near-term goal to reduce specific greenhouse gas emissions per metric ton of product manufactured by 50% from the 2005 benchmark by 2025.
Covestro's emission data is inherited from its corporate family, with its sustainability reporting and targets cascaded from its parent organisation, Covestro AG.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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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