LEVERKUSEN, Germany — Covestro recently announced that the company has focused its corporate vision on becoming fully circular. To this end, the materials manufacturer aims to completely align its entire production and product range, as well as all long-term objectives, to the circular concept. One concrete measure on this path is climate neutrality. In 2021, Covestro cut specific greenhouse gas emissions, those generated per metric ton of product produced, by 54% compared to 2005 and in doing so, overachieved its previous sustainability target set for 2025.
Covestro has now set a new target: the group aims to become climate neutral and achieve net zero emissions by 2035 for scope 1 and scope 2. On the path to achieving this goal, the company plans to cut greenhouse gas emissions from its own production (scope 1) and from external energy sources (scope 2) by 60% to 2.2 million metric tons by 2030. In addition, indirect greenhouse gas emissions from upstream and downstream processes in the value chain (scope 3) will be further reduced. Covestro intends to announce a reduction target for this by 2023.