Covestro AG

Common Name
Covestro
Country
Germany
Sector
Basic Materials
Industry
Specialty Chemicals
Employees
17,545
Ticker
1COV
Exchange
XETRA
Description
Covestro AG is a leading global manufacturer in the materials sector, primarily focusing on producing sustainable polymer solutions. As a distinguished entity in the chemical industry, Covestro AG spe...

Covestro Energy Data Preview

In 2023, Covestro disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

Covestro also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.

Additionally, Covestro also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Covestro also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Covestro's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2024202320222021 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Energy Sold
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Electricity Consumed
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This table provides a simplified preview of selected energy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Covestro's Energy Renewability

In 2023, Covestro consumed a total of 51.35 million Gigajoules of energy across its operations. Of this total, 7.14% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 92.86% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.

Covestro's Energy Renewability Rate

7%

How much of Covestro's energy consumed is renewable?

In 2023, Covestro consumed a total of 51.35 million Gigajoules of energy, of which 7.14% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Covestro has considerable room to improve its energy sustainability strategy.

Are Covestro's energy practices becoming more sustainable?

Since 2023, Covestro's total energy consumption decreased by 3.3%, suggesting a recent decline in overall energy demand.

Over the same period, the share of renewable energy in Covestro's consumption increased by 42.07%, showing a recent positive trend in clean energy adoption.

Covestro's Renewable vs Non-renewable Energy Over Time

55.48 M25.48 M4.52 M55.48 MGigajoules (GJ)2022202395%93%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Covestro's Energy Consumption & Production Mix

In 2023, Covestro disclosed detailed information on both the sources and generation technologies of its consumed and produced energy This disclosure enables a clearer assessment of the Covestro's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.

Covestro's Energy Consumed by Sources and Technologies

Steam(Unspecified Source)(34.9%)Electricity(Unspecified Source)(33.9%)Natural Gas(17.2%)

What are the main sources and generation technologies behind Covestro's energy consumption?

In 2023, Covestro's total energy consumption was primarily sourced from

  • Steam (Unspecified Source) (34.89%)
  • Electricity (Unspecified Source) (33.9%)
  • Natural Gas (17.2%)

How diverse is Covestro’s energy consumption mix?

In 2023, Covestro consumed energy from 8 different sources or generation technologies, indicating a well-diversified energy mix without excessive reliance on a single input.

What are the main sources or generation technologies used by Covestro to produce energy?

In 2023, Covestro's energy production came primarily from

  • Other Sources (100%)

How diverse is Covestro’s energy production mix?

In 2023, Covestro produced energy using 1 different sources or generation technologies. The energy production mix is highly concentrated, with Other Sources alone making up 100% of total output.

Covestro's Energy Produced by Sources and Technologies

Other Sources(100.0%)

Insights into Covestro's Energy Inflows & Self-Sufficiency

In 2023, Covestro reported total energy inflows of 45.51 million Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 45.5 million Gigajoules purchased from external suppliers and 3,600 Gigajoules generated through internal production. This corresponds to a production share of 0.01%, reflecting a 0.79% percentage point increase from the previous year (2022).

Covestro's Energy Purchased vs Produced Over Time

20222023015 M30 M45 M60 MGigajoules (GJ)100%
  • Total Energy Produced
  • Total Energy Purchased
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