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ESG Ratings and Rankings

All our business activities are guided by the principles of sustainability. Transparent action and an intensive dialog with our stakeholders are of high important to us. That is why we regularly actively participate in leading environmental, social and governance (ESG) ratings and rankings.

Covestro has long scored well in leading sustainability ratings and rankings. The following is an overview of our current ratings and rankings, which underlines our position as a leader in sustainability management practices.

Ranking Covestro–Rating Last Update
CDP (Climate Change) A- (Leader) 2021
EcoVadis (every 3 years) Gold-Status 2022
ISS ESG (every 2 years) Prime-Status 2020
MSCI ESG A 2021
Sustainalytics ESG Risk 18.3 points (5th place)
ESG Industry Top Rated Company 2022
2022
FTSE4Good Listed in the index 2021

CDP (formerly the Carbon Disclosure Project)

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.

CDP Rating Covestro

EcoVadis

Covestro Ratings ecovadis Gold

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.

FTSE4Good Index Series

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

FTSE4Good Rating Covestro

ISS ESG

Covestro ISS ESG Rating

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

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.

DISCALIMER STATEMENT
THE USE BY COVESTRO OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF COVESTRO BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED ‘AS-IS’ AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.

Sustainalytics ESG Risk

Sustainalytics Rating Covestro

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.

In 2021, Covestro was ranked among the top 4% within its industrial branch as it was placed 5th out of all 124 specialty chemical companies assessed. With a score of 18.3, Covestro’s ESG risks are ranked "low".


Further information on purely financial valuations can be found at Financial Documents & Presentations | Covestro | Covestro AG.

Other awards

Covestro has been scored as a leader in addressing children’s rights

Covestro has been ranked as a “Leader” (7.5/10 Points) in the Global Child Forum’s latest Corporate Sector and Children's Rights Benchmark. This benchmark proves the success of Covestro’s activities to implement policies and practices that address the organization’s impact on children’s rights across several important areas. Additionally, it was positively highlighted that Covestro takes concrete steps to embedded children’s rights into company practice, following-up through monitoring, transparent reporting and programmes to create action for children’s rights.

Global Child Forum’s Corporate Sector and Children’s Rights Benchmark 2021 scored 832 of the largest global companies. In collaboration with Boston Consulting Group, it was assessed how companies implement children’s rights, and sustainability governance. This global study covers nine sectors and assesses companies against 27 indicators.

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