GRI Index


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
102-1	Name of the organization	Company Profile – Organization
102-2	Activities, brands, products, and services	Company Profile – Organization; Business model
102-3	Location of headquarters	Company Profile – Organization
102-4	Location of operations	Company Profile – Organization; Production sites and R&D facilities
102-5	Ownership and legal form	Company Profile – Organization To Our Stockholders – Covestro on the Capital Market		The Covestro Group has been legally and financially independent since September 1, 2015. Covestro AG, the parent company of the Covestro Group, is headquartered in Leverkusen (Germany), and has been listed on the German stock exchange since October 6, 2015.
102-6	Markets served	Company Profile – Business model
102-7	Scale of the organization	Company Profile – Organization; Production sites and R&D facilities Report on Economic Position – Results of Operations Report on Economic Position – Net Assets
102-8	Information on employees and other workers	Employees – Employees by corporate function	Employees – Employee metrics in detail	Around the world, Covestro has about 800 temporary employees, corresponding to approximately 4.6% of our workforce. In addition, a number of people work for Covestro externally through contracts for work or service agreements. It is not possible to determine the precise number, since performance is defined via trades or in service-level agreements rather than by the number of people or the hours worked.
102-9	Supply chain	Company Profile – Procurement
102-10	Significant changes to the organization and its supply chain	Notes to the Consolidated Financial Statements of the Covestro Group – Scope of consolidation and investments Report on Economic Position – Financial Position
102-11	Precautionary Principle or approach	Responsibility along the Value Chain – Product Stewardship
102-12	External initiatives	Responsibility along the Value Chain – Social Responsibility
102-13	Membership of associations		Management – Stakeholder dialogue
102-14	Statement from senior decision-maker	Four Board of Management Members, Four Questions
102-16	Values, principles, standards, and norms of behavior	Strategy – Principles guiding our actions Management – Sustainability Declaration on Corporate Governance Compliance	Strategy – Principles guiding our actions
102-17	Mechanisms for advice and concerns about ethics	Compliance
102-18	Governance Structure	Management – Sustainability Declaration on Corporate Governance
102-19	Delegation authority	Management – Sustainability Declaration on Corporate Governance
102-20	Executive-level responsibility for economic, environmental, and social topics	Company Profile – Organization Declaration on Corporate Governance
102-22	Composition of the highest governance body and its committees	Company Profile – Organization Declaration on Corporate Governance
102-23	Chair of the highest governance body	Declaration on Corporate Governance
102-24	Nominating and selecting the highest governance body	Declaration on Corporate Governance
102-25	Conflicts of interest	Declaration on Corporate Governance Compliance – Compliance culture and targets
102-26	Role of the highest governance body in setting purpose, values, and strategy	Declaration on Corporate Governance
102-32	Highest governance body’s role in sustainability reporting			The Covestro Management Report and the supplementary information 2019 were approved by Chief Executive Officer Dr. Markus Steilemann.
102-35	Remuneration policies	Management – Business performance Employees – Compensating employees transparently and competitively Compensation Report	Employees – Employee metrics in detail
102-40	List of stakeholder groups		Management – Stakeholder dialogue
102-41	Collective bargaining agreements		Employees – Employee metrics in detail
102-42	Identifying and selecting stakeholders		Management – Stakeholder dialogue
102-43	Approach to stakeholder engagement		Management – Stakeholder dialogue
102-44	Key topics and concerns raised	Management – Sustainability	Management – Stakeholder dialogue
102-45	Entities included in the consolidated financial statements	Notes to the Consolidated Financial Statements of the Covestro Group – Scope of consolidation and investments
102-46	Defining report content and topic Boundaries	Management – Sustainability
102-47	List of material topics	Management – Sustainability
102-48	Restatements of information	Protection of People and the Environment – Safety Protection of People and the Environment – Environmental Protection	Protection of People and the Environment – Environmental Protection – Greenhouse gas emissions in detail
102-49	Changes in reporting	Disclosures on Sustainability Reporting
102-50	Reporting period			The reporting period covers the period from January 1 to December 31, 2019.
102-51	Date of most recent report			The most recent Annual Report and its associated GRI Supplementary Report were published on February 25, 2019.
102-52	Reporting cycle			Covestro carries out annual sustainability reporting.
102-53	Contact point for questions regarding the report	Imprint
102-54	Claims of reporting in accordance with the GRI Standards		Reporting profile
102-56	External assurance	Independent Auditor’s Report	Limited Assurance Report of the Independent Auditor


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Strategy – Strategic goals and activities	Strategy – Principles guiding our actions
201-1	Direct economic value generated and distributed	Consolidated Financial Statements and Notes to the Consolidated Financial Statements


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Company Profile – Procurement Management – Sustainability Responsibility along the Value Chain – Sustainability in Supplier Management Social responsibility – Due diligence on human rights Opportunities and Risks Report – Opportunities and Risks	Responsibility along the Value Chain – Sustainability in supplier management
204-1	Proportion of spending on local suppliers		Responsibility along the Value Chain – Sustainability in supplier management	Since our locations in Germany, the United States and China cover the majority of our procurement volume, the sites located in these countries are referred to as main sites within the meaning of the GRI terminology. Local procurement is regarded as purchasing from suppliers headquartered in the same country as the legal entity they supply.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Compliance	Strategy – Principles guiding our actions
205-1	Operations assessed for risks related to corruption	Compliance		A risk analysis for 2019 was conducted for every country/every company; definition of location of operations as a legal entity.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Opportunities and Risks Report – Opportunities and Risks Compliance	Strategy – Principles guiding our actions
206-1	Legal actions for anti-competitive behavior, anti-trust, and monopoly practices			No actions were reported through internal reporting in 2019.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Protection of People and the Environment – Environmental Protection Opportunities and Risks Report – Opportunities and Risks	Strategy – Principles guiding our actions Protection of People and the Environment – Environmental Protection – Optimizing energy consumption
302-1	Energy consumption within the organization		Protection of People and the Environment – Environmental Protection – Optimizing energy consumption	Information pertaining to the share of renewable energy was not included in this report.
302-3	Energy intensity	Protection of People and the Environment – Environmental Protection	Protection of People and the Environment – Environmental Protection – Optimizing energy consumption
302-4	Reduction of energy consumption		Protection of People and the Environment – Environmental Protection – Optimizing energy consumption


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Protection of People and the Environment – Environmental Protection Opportunities and Risks Report – Opportunities and Risks	Protection of People and the Environment – Environmental Protection – Water consumption and usage
303-1	Water withdrawal by source		Protection of People and the Environment – Environmental Protection – Water consumption and usage	Since Covestro draws no water from seawater sources, this value is not separately stated in the reporting on water.
303-3	Water recycled and reused		Protection of People and the Environment – Environmental Protection – Water consumption and usage	The quantity of recycled water is calculated virtually: the amount of water actually used every year for primary cooling cycles is multiplied by the number of cycles for which the water is used. This figure is equal to the amount of water that was not removed from the environment.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Protection of People and the Environment – Environmental Protection Responsibility along the Value Chain – Circular Economy Opportunities and Risks Report – Opportunities and Risks	Protection of People and the Environment – Environmental Protection – Greenhouse gas emissions in detail
305-1	Direct (Scope 1) GHG emissions		Protection of People and the Environment – Environmental Protection – Greenhouse gas emissions in detail	Biogenic CO2 emissions are not reported because they have been irrelevant since the carve-out of Covestro from Bayer AG.
305-2	Energy indirect (Scope 2) GHG emissions		Protection of People and the Environment – Environmental Protection – Greenhouse gas emissions in detail
305-4	GHG emissions intensity	Protection of People and the Environment – Environmental Protection	Protection of People and the Environment – Environmental Protection – Greenhouse gas emissions in detail	Disclosure as CO₂ equivalent of specific GHG; emissions of sulfur hexafluoride (SF₆) have been recorded. However, because our chemical production processes do not currently cause any SF₆ emissions and because Covestro does not use SF₆, such emissions do not appear in our reporting.
305-5	Reduction of GHG emissions	Protection of People and the Environment – Environmental Protection		Greenhouse gas emissions are reported separately for Scopes 1 and 2. When considering GHG reductions, the specific greenhouse gas emissions are calculated using the total emissions for Scopes 1 and 2 because otherwise any shifts between the categories would lessen the informative value of the results.
305-7	Nitrogen oxides (NO_X), sulfur oxides (SO_X), and other significant air emissions		Protection of People and the Environment – Environmental Protection – Other direct emissions into the air	Reporting focuses on significant air emissions; POPs and HAPs are not reported.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Protection of People and the Environment – Environmental Protection Responsibility along the Value Chain – Circular Economy Opportunities and Risks Report – Opportunities and Risks	Strategy – Principles guiding our actions Protection of People and the Environment – Environmental Protection – Wastewater Protection of People and the Environment – Environmental Protection – Waste and recycling
306-2	Waste by type and disposal method		Protection of People and the Environment – Environmental Protection – Wastewater Protection of People and the Environment – Environmental Protection – Waste and recycling	Covestro measures the quantity of waste that is reused or recycled. However, no distinction is drawn between reused and recycling. The specific form of processing is the responsibility of the waste processing company. Covestro does not generally differentiate between hazardous and non-hazardous waste. The composting of non-hazardous waste plays only a minimal or no role in the chemical industry. As a rule, energy is recovered from waste incineration. Due to the large number of sites, it may be the case that no energy is recovered at some locations. According to the information currently available, deep well injection is not used.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Protection of People and the Environment – Environmental Protection Opportunities and Risks Report – Opportunities and Risks Compliance	Strategy – Principles guiding our actions Protection of People and the Environment – Environmental Protection – Water consumption and usage Protection of People and the Environment – Environmental Protection – Wastewater Protection of People and the Environment – Environmental Protection – Waste and recycling
307-1	Non-compliance with environmental laws and regulations			In 2019, no significant administrative or court-ordered sanctions (fines, nonmonetary sanctions) for noncompliance with environmental laws and regulations were reported through internal reporting.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Company Profile – Procurement Management – Sustainability Responsibility along the Value Chain – Sustainability in Supplier Management Opportunities and Risks Report – Opportunities and Risks	Management – Stakeholder dialogue
308-2	Negative environmental impacts in the supply chain and actions taken	Responsibility along the Value Chain – Sustainability in Supplier Management


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Strategy – Principles guiding our actions Management – Sustainability Employees – Human resources profile and focus Employees – Hiring and retaining highly qualified employees Opportunities and Risks Report – Opportunities and Risks	Strategy – Principles guiding our actions Employees – People strategy and processes Employees – Employee metrics in detail
401-1	New employee hires and employee turnover		Employees – Employee metrics in detail	In 2019, new hires and turnover rate were broken down according to male and female genders, as no other-gendered employees were known of. If this should change, the tables will be adjusted accordingly in future.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Employees – Designing the best working conditions and work models Protection of People and the Environment – Integrated management system for Occupational Health, Safety, Environmental Protection and Quality; Safety Opportunities and Risks Report – Opportunities and Risks	Strategy – Principles guiding our actions Protection of People and the Environment – Safety
403-2	Types of injury and rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities	Protection of People and the Environment – Safety		Covestro does not report details by specific category of employee – a breakdown by gender, for example – in order to avoid potential discrimination, especially since doing so would not help us reach our target of ultimately preventing all accidents. The occupational disease rate (ODR), lost day rate (LDR) and absenteeism rate (AR) are not key figures to assess the occupational safety performance, as Covestro is not able to gather such data consistently at all sites – for example due to local legislation.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Employees – Promoting and developing employees Opportunities and Risks Report – Opportunities and Risks	Strategy – Principles guiding our actions Employees – People strategy and processes Employees – Employee metrics in detail
404-2	Programs for upgrading employee skills and transition assistance programs	Employees – Promoting and developing employees	Employees – People strategy and processes


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Employees – Promoting diversity and inclusion Opportunities and Risks Report – Opportunities and Risks	Employees – Employee metrics in detail
405-1	Diversity of governance bodies and employees	Declaration on Corporate Governance	Employees – Employee metrics in detail	The Supervisory Board comprises four women (33%) and eight men (67%). Their age structure is as follows: 8% 30–50 years and 92% > 50 years. Membership of a minority is not recorded for legal reasons. In 2019, new hires and turnover rate were broken down according to male and female genders, as no other-gendered employees were known of. If this should change, the tables will be adjusted accordingly in future.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Employees – Promoting diversity and inclusion Compliance	Employees – Employee metrics in detail
406-1	Incidents of discrimination and corrective actions taken			For confidentiality reasons, we do not disclose the type and scope of the incidents reported.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Responsibility along the Value Chain – Sustainability in Supplier Management Social responsibility – Due diligence on human rights Compliance	Employees – Compliance and compensation
407-1	Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk	Responsibility along the Value Chain – Sustainability in Supplier Management	Responsibility along the Value Chain – Sustainability in supplier management	In 2019, no significant cases were reported using formal grievance mechanisms. There was no high risk for the sites in 2019, as the local heads of Human Resources and the local managing directors are required by internal rules to maintain a regular exchange of information with unions and employee representatives.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Responsibility along the Value Chain – Sustainability in Supplier Management Social responsibility – Due diligence on human rights Opportunities and Risks Report – Opportunities and Risks	Strategy – Principles guiding our actions Responsibility along the Value Chain – Sustainability in supplier management
414-2	Negative social impacts in the supply chain and actions taken	Responsibility along the Value Chain – Sustainability in Supplier Management


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Protection of People and the Environment – Integrated Management System for Occupational Health, Safety, Environmental Protection and Quality Responsibility along the Value Chain – Product Stewardship Opportunities and Risks Report – Opportunities and Risks Compliance	Strategy – Principles guiding our actions Protection of People and the Environment – Integrated management system for occupational health, safety, environmental protection and quality
416-2	Incidents of non-compliance concerning the health and safety impacts of products and services	Responsibility along the Value Chain – Product Stewardship		No significant incidents were reported through internal reporting in 2019.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Protection of People and the Environment – Integrated Management System for Occupational Health, Safety, Environmental Protection and Quality Responsibility along the Value Chain – Product Stewardship Opportunities and Risks Report – Opportunities and Risks Compliance	Strategy – Principles guiding our actions Protection of People and the Environment – Integrated management system for occupational health, safety, environmental protection and quality
417-1	Requirements for product and service information and labeling	Responsibility along the Value Chain – Product Stewardship
417-2	Incidents of non-compliance concerning product and service information and labeling	Responsibility along the Value Chain – Product Stewardship		No significant incidents were reported through internal reporting in 2019.


Disclosure number	Disclosure title	Section in Covestro Annual Report 2019	Section in Covestro’s supplementary information 2019	Explanation/omission
103-1,2,3	Management Approach	Management – Sustainability Opportunities and Risks Report – Opportunities and Risks Compliance	Strategy – Principles guiding our actions
419-1	Non-compliance with laws and regulations in the social and economic area			In 2019, no significant administrative or court-ordered sanctions (fines, nonmonetary sanctions) for noncompliance with laws and regulations with respect to the provision and use of products and services were reported through internal reporting.

Annual Report 2019

Topics filter

Results

General Standard Disclosures

GRI 102 – General Disclosures

Specific Standard Disclosures

GRI 200 – Economic topics

GRI 201 -– Economic Performance

GRI 204 Procurement Practices

GRI 205 – Anti-corruption

GRI 206 – Anti-competitive Behavior

GRI 300 – Environmental topics

GRI 302 – Energy

GRI 303 – Water

GRI 305 – Emissions

GRI 306 – Effluents and Waste

GRI 307 – Environmental Compliance

GRI 308 – Supplier Environmental Assessment

GRI 400 – Social topics

GRI 401 – Employment

GRI 403 – Occupational Health and Safety

GRI 404 – Training and Education

GRI 405 – Diversity and Equal Opportunity

GRI 406 – Non-discrimination

GRI 407 – Freedom of Association and Collective Bargaining

GRI 414 – Supplier Social Assessment

GRI 416 – Customer Health and Safety

GRI 417 – Marketing and Labeling

GRI 419 – Socioeconomic Compliance

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