Building a Sustainable Future together – Covestro Annual Financial Report on February 26th 2025
Back
Building a Sustainable Future together

Building a Sustainable Future together

Collaboration is essential for innovation and progress, especially when tackling global challenges like climate change. Covestro has built strong partnerships with industry leaders to advance sustainability and circular solutions across various sectors. But how can these collaborations shape a greener future? Here are some examples from 2024!

More sustainable engineered wood adhesives with Henkel 

Henkel and Covestro are advancing engineered wood adhesives with bio-based raw materials. Using the mass balance approach, over 60 percentof certain adhesive components are derived from renewable resources. These adhesives make timber construction more durable and sustainable, reduce the carbon footprint of buildings, and promote the circular economy.

#GreenMagenta with Deutsche Telekom 

Covestro collaborated with Deutsche Telekom to produce the housing for the TV box and remote control of their MagentaTV One product using Makrolon ® RE, a polycarbonate derived from bio-waste attributed via mass balancing. Compared to fossil-based alternatives, this material has a carbon footprint during production (cradle to gate2) that is reduced by around 80 percent. The partnership demonstrates that sustainable materials can deliver high performance without compromise.

Efficient Insulation with Carlisle 

To enhance energy efficiency in buildings, Covestro supplies bio-circular MDI3 for insulation panels to Carlisle. With a CO2 reduction potential of up to 99 percent4 compared to conventional, oil-based products, these materials enable the production of high-performance, low-carbon insulation and support net-zero goals in the construction industry.

Partnerships like these prove that when companies join forces, the future becomes greener – and more sustainable.

1

Share of the organic mass excluding inorganic materials

2

This takes into account a partial product life cycle from raw material extraction (cradle) to the factory gate (of Covestro), also known as cradle-to-gate assessment. The methodology is based on the ISO 14040 and 14044 standards and has been critically tested by the TÜV Rheinland on plausibility. The calculation takes into account biogenic carbon uptake.

3

Bio-circular attributed MDI contains ~60% ISCC PLUS certified feedstock. The calculation is based on Covestro-specific production and supply chain data, replacing fossil raw material with ISCC PLUS certified renewable feedstock via the mass balance approach.

4

Exact percentage depends on the amount of allocated raw material.