The company focuses on resource conservation and climate protection with aims to develop new partnerships and business models.

Covestro plans to dedicate four-fifths of its research and development expenditures to delivering sustainability solutions through to 2025. The company also intends to halve direct and indirect emissions of greenhouse gases such as carbon dioxide by 2025.

“Our five new targets cleary demonstrate how much sustainable development will drive our business in the future. We are embedding sustainability at the heart of our strategy and anchoring it firmly throughout our entire company,” said Patrick Thomas, CEO.

“At the same time we aim to assist others throughout the entire value-added chain to the end consumer. Together we can master the major challenges of our time and make the world a brighter place, which is both the vision and purpose of Covestro,” added Thomas. (NA)

Fibre2fashion News Desk - India