Covestro AG
Covestro's GHG Emissions Data Preview
In 2024, 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) | 2024 | 2023 | 2022 | 2021 - 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.  b | 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.  b | 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.  b | 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.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 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.  b | 0000000 |
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aVerified Sources Behind Covestro’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Covestro’s data sources below and access millions more through our Disclosure Search.
Insights into Covestro's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Covestro amounted to 5,330,000 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 2023, the total operational greenhouse gas (GHG) emissions of Covestro increased by 5.96%, 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 2024, the total Scope 1 emissions of Covestro were 1,010,000 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 19.84%, reflecting a declining long-term trend in Scope 1 emissions over time. a d
Compared to the previous year (2023), Covestro's Scope 1 emissions increased by 8.6%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Covestro's Scope 2 emissions?
In 2024, Covestro reported Scope 2 greenhouse gas (GHG) emissions of 3,840,000 tCO₂e using the market-based method and 4,320,000 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 18.03%, reflecting a declining long-term trend in Scope 2 emissions over time. a d
Compared to the previous year (2023), 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 2024, 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 2024, Covestro reported 17,980,000 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 2024 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 2023, 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 2024, Covestro reported total Scope 3 emissions of 17,980,000 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 87.01% of these emissions originated from upstream activities such as purchased goods and capital goods, while 12.99% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2023), Covestro's Scope 3 emissions increased by 14.16%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Covestro disclose?
In 2024, 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 2024, the largest contributors to Covestro's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 13,570,000 tCO₂e (75.39%)
- End-of-Life Treatment of Sold Products (Cat. 12): 2,330,000 tCO₂e (12.94%)
- Fuel- and Energy-Related Services (Cat. 3): 1,050,000 tCO₂e (5.83%)
Covestro's Scope 3 Emissions by Categories
Insights into Covestro’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Covestro reported Scope 1 greenhouse gas (GHG) emissions of 1,010,000 tCO₂e and total revenues of USD 14,755 millions. This translates into an emissions intensity of 68.45 tCO₂e per millions USD. a
Covestro's Scope 1 Emissions Intensity Compared to Peers
How does Covestro's GHG emissions intensity compare to its peers?
In 2024, Covestro reported a Scope 1 emissions intensity of 68.45 tCO₂e per millions USD. Compared to the peer group median of 65.41 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Covestro rank on GHG emissions intensity within its industry?
In 2024, Covestro ranked 13 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Covestro is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Covestro's Total Carbon Footprint
In 2024, Covestro reported a total carbon footprint of 23,310,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.18% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Covestro's total carbon footprint was Scope 3 emissions, accounting for 77.13% of the company's total carbon footprint, followed by Scope 2 emissions at 18.53%. a