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rainbow
Tuesday - December 1, 2015

Climate certificates offset business travel emissions

Covestro employees travel climate-neutrally

Modern filtration unit reduces greenhouse gas emissions

Thanks to significant reductions in greenhouse gas emissions during production operations, the more than 15,000 employees of materials manufacturer Covestro can travel completely climate-neutrally for the next six years. Just in the period from 2008 to 2012, a modern filtration unit has enabled the company to reduce emissions of CO2 equivalent during the production of nitric acid at its Dormagen site by 680,000 metric tons. The European Union awarded Covestro climate certificates to reflect this reduction. The Group has now voluntarily deleted 180,000 of those to offset the CO2 emissions of its entire company car fleet and all expected business travel from 2015 to 2020.

But climate-neutral travel does not mean that Covestro employees will now be traveling more frequently. Just the opposite: The company is trying at the same time to eliminate business travel whenever possible, such as through the use of the latest information technology. With 40 video conference rooms around the globe, employees can hold virtual meetings with both internal and external partners without having to leave their office buildings.

"Covestro is advocating sustainability in everything we do," said Richard Northcote, the company's Chief Sustainability Officer. “Through constant improvement in our processes, our products and our behavior, we aim to consistently reduce our effect – and the effect of our suppliers and customers – on the environment, while at the same time improving the lives of society and creating value. The filtration unit in Dormagen is just one of many good examples of what is possible in the chemical industry as we develop new technologies," he added.

About Covestro:
With 2014 sales of EUR 11.8 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 sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites worldwide and employs approximately 15,700 people (calculated as full-time equivalents) at the end of September 2015.

Find more information at www.covestro.com.
Follow us on Twitter: www.twitter.com/CovestroGroup


Forward-Looking Statements
This 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 on the Covestro website 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.