Becoming Full Circular- Establishing take-back schemes as a product manufacturer
12 Oct 2023
Covestro has defined multiple bold sustainability targets: the Group aims to become climate neutral and achieve net zero emissions by 2035 for scope 1 and scope 2, as well to becoming fully circular in the long term. On the path to achieving these goals, the company plans to cut greenhouse gas emissions from its own production (scope 1) and from external energy sources (scope 2) by 60 percent by 2030. In addition, indirect greenhouse gas emissions from upstream and downstream processes in the value chain (scope 3) will be further reduced. One strategy to do so will be to utilize alternative raw materials. Covestro believes in a whole lifecycle approach to products and thus has been working on ways to establish take back schemes as a manufacturer in order to create access to alternative raw materials. This talk will discuss this strategy and provide example programs undertaken by Covestro.