ESG Ratings and Rankings

Covestro has been awarded for an excellent rating for climate protection, from the non-profit organization, CDP. CDP gave Covestro an "A-"rating, which shows high levels of transparency and good communication in the area of climate protection with a clear focus on circular economy. Thus, CDP specifically recognized our achievements in the categories "Governance", "Emissions Reduction Initiatives" and "Business Strategy & Financial Planning" with highest scores well above the industry average.

Please find more information in the following press release.

The independent rating agency EcoVadis evaluates suppliers from more than 16 countries in the categories environment, labor and human rights, ethics and sustainable procurement.

As a member of the Together for Sustainability Initiative (TfS), Covestro is also evaluated. Based on the assessment of 2021, EcoVadis ranked Covestro among top 5% of chemical companies worldwide with an outstanding score of 72/100 (Gold-Medal). In total, over than 85,000 companies assessments were conducted with an average of 46 points.

Covestro has been listed in the FTSE4Good Index Series since 2016. In 2021, Covestro is again listed in the Index Series. The FTSE4Good Index Series evaluates ecological, social and ethical aspects of corporate governance on an annual basis. Only companies that meet strict ESG criteria and transparently manage and regular assess their ESG practices are included in the indices.

FTSE certificate

ISS ESG rated Covestro again with „Prime“ (B-). The Prime-Status is awarded to leaders in the respective industry that succeeded in the rating process according to industry-specific criteria in terms of social and environmental compatibility.

In particular, Covestro was recognized for its strategy in dealing with climate change, its certified integrated management system, its excellent measures to ensure plant and transport safety, and its good supply chain management with regard to labor regulations, working conditions and environmental aspects.

ISS ESG

MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.

In 2021 Covestro received a rating of A (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment with above-average results in the areas of Carbon Emissions, Opportunities in Clean Tech and Governance.

Covestro qualified for Sustainalytics ESG Industry Top Rated Company in 2022 due to being identified as a top ESG performer in Sustainalytics’ ESG Risk Ratings out of more than 4,000 comprehensive companies. This puts Covestro among the top 50 best-performing companies.

Sustainalytics is a leading global ESG rating agency and analyzes in its ESG Risk Rating the extent to which companies are exposed to industry-specific material ESG risks and how well the corresponding risks are managed.

Covestro is among the top 5% within the "Chemicals" category and among the top 7% within the "Specialty Chemicals" category.