Covestro AG 2021 Annual Report with Sustainability Disclosures
Company: Covestro AG
Sector: Manufacturing
Country: Germany
Year: 2021
Type: Annual Report with Sustainability Disclosures
Pages: 313
The report highlights Covestro's strong financial and operational performance in fiscal year 2021, achieving record sales of EUR 15.9 billion and more than doubling its EBITDA to EUR 3.1 billion. The company advanced its vision to become fully circular by introducing its first climate-neutral polycarbonate plastic and opening a chemical recycling pilot plant for foam in Leverkusen, Germany. Additionally, Covestro successfully completed the acquisition of the Resins & Functional Materials business from DSM and reorganized its corporate structure into two new segments: Performance Materials and Solutions & Specialties. The company also committed to covering its entire energy demand from renewable sources and expanded its portfolio of products based on alternative raw materials.
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