Covestro AG 2021 AR2
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.
Company: Covestro AG
Sector: Materials
Country: Germany
Year: 2021
Type: AR2
Pages: 313
Covestro AG
Annual Report
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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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Published
Mar 1, 2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees