Covestro as a company: let’s materialize circularity

Did you know that you probably have a Covestro product in your wallet? That’s because we produce a range of specialty films for ID cards, and we are in so many more places in everyone's life. Our company is a major player in the polymer materials field. But we don’t stop there; we push for the circular transformation of our industry by developing new ideas.

Polymers or plastics have become indispensable in modern life and for shaping a truly sustainable future. That’s why we are providing materials that serve many key sectors on their transformation journey towards circularity and climate neutrality. We are doing this by constantly developing new ideas, with innovation and sustainability as our driving forces. Yes, it’s sometimes challenging, but that’s how we know we are making ground.

A setup with a clear focus

We offer a broad range of products and services for varying markets, demands and industries. That’s why we group our portfolio by business specifics and customer needs.

There are two big segments: ‘Performance Materials’ and ‘Solutions & Specialties’. In total, they comprise seven business entities. Each entity is set up according to its individual success factors and integrates all business-critical operations throughout the value chain.

In addition, there are certain cross-company ‘build activities’ to ensure our long-term development. These include sustainability, innovation, digitalization and strategy.

Performance Materials

This segment comprises Covestro’s standard polycarbonates, standard urethane components and the necessary base chemicals. The focus is on reliably delivering commodity products at competitive cost.

Solutions & Specialties

This segment comprises six business entities: Engineering Plastics, Coatings and Adhesives, Tailored Urethanes, Thermoplastic Polyurethanes, Specialty Films, and Elastomers. The focus is on sophisticated products with a high pace of innovation and application technology services.

The why and the how

It’s rarely an easy question to reply: why do you do what you do? But at Covestro, we have the answer, and we want to show it to you. Because we believe a business is defined not only by its products but rather by its holistic framework.

Purpose

Climate change, growing world population, urbanization: these and many other global trends constitute huge challenges for mankind – today and even more tomorrow. Covestro contributes to overcoming them: with a wide range of innovative products and solutions. Because high-quality plastics are a key to an ecological and thus brighter future for the next generation.

Our purpose sets the direction for our actions. We must combine our commitment and responsibility to the preservation of life’s natural foundations with the creation of lasting value.

Vision

Today’s economy often works as a one-way street: Take, make, waste – this decade-long principle has become obsolete. That’s why we at Covestro are fully embracing the Circular Economy and want to contribute to making it a global guiding principle.

Circularity is the key to climate neutrality, resource conservation and the preservation of nature and environment. So we encourage everybody to help close the loop by:

Finding new ways of putting resources to good use and reuse
Making products that last for as long as possible
Avoiding waste
Viewing products as a resource for recycling
Exploring alternative sources of eco-friendly raw materials (e.g. biomass)

Strategy

To achieve a goal, you need a strategy, and ours is called “Sustainable Future”. It comprises three strategic chapters: transforming the corporation to exploit its full potential, profitably addressing sustainability, and becoming fully circular.

We realize this program with the power of an accelerated digital transformation and the expansion of our “We Are 1” culture. Are you interested in the details? Learn more about our “Sustainability Future” strategy and concrete actions!

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