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Friday - April 8, 2016

Positive evaluation by the EcoVadis rating agency

Covestro earns top grades for sustainability

Company is among the top two percent of all respondents

Materials manufacturer Covestro has once again received “Gold” certification from the international rating agency EcoVadis in recognition of its achievements in sustainability. In the recent survey, the company even improved its standing significantly and is now among the top two percent in the global ranking of 25,000 companies.

“This achievement encourages us to be even more committed to our comprehensive sustainability strategy,” explained Covestro CEO Patrick Thomas. “With our products, processes and solutions, we want to help preserve the environment, advance society and create value, in accordance with our vision 'to make the world a brighter place'.”

Far above average

Since the last survey two years ago, Covestro improved its score by eight points, for a total of 73, putting the company far above the average of 42 points. The rating procedure is very demanding. Covestro sent the agency over 300 data records based on a detailed questionnaire. The agency further analyzed over 300 other publications from independent sources for its rating.

“This major jump in our rating can be explained above all by our sustainable product and process innovations, new programs and the improved documentation of existing sustainability activities,” explained Richard Northcote, who is responsible for sustainability at Covestro. “We have set ourselves ambitious sustainability goals and therefore see good possibilities for improving even more.”

Many of Covestro's major customers already dispense with their own surveys and base their decisions instead on the EcoVadis rating. In addition, Covestro has the same survey conducted to rate the sustainability performance of its suppliers. This survey is part of the Together for Sustainability initiative, a coalition of leading chemical companies aimed at establishing a global standard for sustainable supply chains in the chemical industry.

About Covestro:
With 2015 sales of EUR 12.1 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites around the globe and as of the end of 2015 employed approximately 15,800 people (full-time equivalents).

About EcoVadis:
EcoVadis operates the first collaborative platform providing Supplier Sustainability Ratings for global supply chains. With a focus on maintaining quality and integrity, EcoVadis has managed to also grown quickly to meet this growing need. Since its founding in 2007, EcoVadis has become a trusted partner for procurement organizations in more than 120 leading multinationals worldwide. Combining People, Process and Platform, EcoVadis’ has developed the industry-leading team, innovative technology, and a unique CSR assessment methodology that covers 150 purchasing categories, 110 countries, and 21 CSR indicators.

Find more information at www.covestro.com.

Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.