The chemical industry is at a pathway. Geopolitical and economic challenges lie ahead and rising energy prices and shortages looming. A global CO2 reduction strategy can go different directions, but always starts in own productions. Circularity over the value and supply, instead of linear routes, is the driver of climate neutrality and implicates a highly transformative effort. Since Covestro is working with an energy management system for 15+ years, the integration of the Covestro climate neutrality target (2020 to 2030: -60% Scope 1 & 2 GHG emissions and climate neutrality by 2035) in the energy management system is one major topic after it has been announced in 2022. Heat transition, access to renewable energy supply and transformation of our production sites to climate neutrality are in focus of Covestro’s transformation efforts. Alignment with the strategic climate neutrality target requires programmatic initiatives as well as the adaptation of integrated management processes to transform around 50 production sites worldwide into climate-neutral operations.

This presentation covers:

• Operationalization of Climate Neutrality Strategy: How does it work? What are major experiences? How do I manage my resources?
• Process component: Innovative process technologies with the potential of saving CO2
• Framework conditions: Carbon reduction strategy and climate neutral growth – energy must be affordable, and it must be possible to transform the business at the same time 
• Regulatory Guardrails: Purchase of renewable energies, ecological obligations from state aids in EU, and the effects on the economic competitive edge
• Scope 3 reduction, alternative feedstocks & digitalization: do you rely on a successful data management? Where is the data coming from? How about the competition with open data?