Covestro AG
Covestro's GHG Emissions Data Preview
In 2023, Covestro completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Covestro has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
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Verified Sources Behind Covestro’s Greenhouse Gas (GHG) Emissions Data
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Insights into Covestro's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Covestro amounted to 5,030,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Covestro increased by 4.57%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Covestro's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Covestro's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Covestro were 930,000 metric tons of CO₂ equivalent (tCO₂e). a
Has Covestro reduced its Scope 1 emissions over time?
Since 2018, Covestro's Scope 1 emissions have decreased by 26.19%, reflecting a declining long-term trend in Scope 1 emissions over time. a d
Compared to the previous year (2022), Covestro's Scope 1 emissions decreased by 6.06%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Covestro's Scope 2 emissions?
In 2023, Covestro reported Scope 2 greenhouse gas (GHG) emissions of 4,180,000 tCO₂e using the market-based method and 4,100,000 tCO₂e using the location-based method. a
Has Covestro reduced its Scope 2 emissions over time?
Since 2018, Covestro's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 22.2%, reflecting a declining long-term trend in Scope 2 emissions over time. a d
Compared to the previous year (2022), Covestro's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Covestro 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Covestro use for Scope 2 reporting?
In 2023, Covestro reported its Scope 2 emissions using the market-based method and using the location-based method. a
Covestro's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Covestro's Value Chain Emissions
In 2023, Covestro reported 15,750,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of Covestro includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Covestro's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Covestro's Scope 3 emissions?
In 2023, Covestro reported total Scope 3 emissions of 15,750,000 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 87.96% of these emissions originated from upstream activities such as purchased goods and capital goods, while 12.04% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), Covestro's Scope 3 emissions remained relatively stable, indicating that Covestro 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Covestro disclose?
In 2023, Covestro reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Covestro's Scope 3 emissions?
In 2023, the largest contributors to Covestro's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 11,860,000 tCO₂e (75.3%)
- End-of-Life Treatment of Sold Products (Cat. 12): 1,890,000 tCO₂e (12%)
- Fuel- and Energy-Related Services (Cat. 3): 810,000 tCO₂e (5.14%)
Covestro's Scope 3 Emissions by Categories
Insights into Covestro's Total Carbon Footprint
In 2023, Covestro reported a total carbon footprint of 20,780,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.5% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Covestro's total carbon footprint was Scope 3 emissions, accounting for 75.79% of the company's total carbon footprint, followed by Scope 2 emissions at 19.73%. a