CDP Awards Covestro for Transparency on Climate Protection Measures
Covestro has again been awarded an A- rating in this year’s climate protection ranking by the Climate Disclosure Project (CDP). Covestro received the highest possible grade A in four out of 10 categories: “Business Strategy Financial Planning & Scenario Analysis,” “Scope 1 & 2 emissions (incl. Verification), “Governance,” and “Opportunity Disclosure.” Covestro's overall score makes it one of 24% of companies in the chemical industry peer group that received such a rating, and rates it higher than the average for this group, which is B-.
"We were able to maintain our A- rating in our second participation. A great result that we are proud of," said Markus Steilemann, Ph.D., CEO of Covestro. "The rating shows us that we are on the right track in driving climate protection forward, and that it is important to report transparently on our progress. Our ambitious climate targets underpin our claim. One thing, however, must be clear: climate protection must be viewed in terms of society as a whole. Only if we all contribute, we can achieve the Paris climate goals in the long term."