Covestro
Specialty Chemicals
1COV.DE
€ 44 0.85
Share price
$ 9.2 bn
Market Cap
$ 12 bn
Enterprise Value
Carbon footprint
Primary Climate Goal
Covestro aims to achieve net zero for Scope 1 + 2 by 2035
This target has not been verified as science based according to SBTi
GHG emissions and Carbon intensity
Covestro reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 5,380 Kt (-350 /-6.1% y-o-y). Also positively, carbon intensity plummeted to 285 t (-172 /-37.7% y-o-y).
Covestro reported Scope 3 emissions for the the twelve months ending31 December 2021 at 21,840
The company is committed to achieving net zero for Scope 1 + 2 by 2035, which translates into the estimated reduction of -384 Kt per annum over the period of FY2022 - FY2035. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
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