One of the world’s leading suppliers of premium polymers, Covestro’s materials and application solutions are found in nearly every area of modern life.
Once part of Bayer’s Material Science division, in 2015 Covestro was founded as an independent company. As a result of this split, Covestro enjoys a strong and efficient product base, supported by 80 years of experience, with the flexibility and drive of a start-up. Covestro’s workforce of over 16,000 people aims to develop sustainable solutions for the greatest challenges of the current age – climate change, resource depletion, urban expansion and population growth. Covestro strives to meet this demand with long-lasting, light, environmentally friendly and cost-effective materials.
Sustainability is a core part of the company’s mission and is an integral part of its corporate strategy. Its commitment to sustainability is driven by a set of ambitious and business-driven targets to be achieved by 2025. These include: aligning 80% of their R&D project spending with the UN Sustainable Development Goals (SDGs); ensuring 100% of its suppliers are compliant with sustainability requirements; reducing specific greenhouse gas emissions by 50%; improving the living conditions of 10 million people in underserved markets; and developing a universally accepted metric for carbon productivity.
Future-Fit supported Covestro’s work within the Carbon Productivity Consortium, which aimed to drive a new perspective on value creation through carbon underpinned by a new metric for carbon productivity. We also worked with Covestro to stress-test its sustainability ambitions against the Break-Even Goals. Covestro’s feedback on the process was crucial in developing the Future-Fit “Health Check” approach, which is offered by many of our Accredited Advisors.