ÃÜÌÒAV launches first Global D&I Report
Toward a more inclusive future
Today, ÃÜÌÒAV launches its first global diversity and inclusion (D&I) report. It contains information on the company's D&I strategy, facts and figures, and regional examples documenting ÃÜÌÒAV's progress toward an even stronger focus on diversity and inclusion.
“The recipe for success in business is committed employees: collaborative and full of ideas. The more diverse people are, the better – this is our conviction and what we aspire towards,” says CEO Dr. Markus Steilemann. “We want to establish a true culture of diversity and inclusion across the whole company, anchored in every aspect of our activities. This document is another milestone in our journey and I would like to thank everybody involved.”
Record of progress on a yearly basis
The “ÃÜÌÒAV Global Diversity & Inclusion Report 2020” is the first of its kind and includes a review of activities in 2020 with consolidated information on how diversity and inclusion at ÃÜÌÒAV contribute to the company's success. This includes, among other things, diverse team structures and the establishment of an inclusive and supportive work environment and corporate culture. From now on, ÃÜÌÒAV will publish a global D&I report annually.
“As you'll see in this report, we started a journey five years ago to understand the identities, interlinks, differences and experiences of ÃÜÌÒAV employees worldwide,” says Sophie von Saldern, Head of People & Culture. “Looking forward, we will continue to use data-informed efforts to support D&I as we grow and change the company in these transformative times. We will keep working to reach our goals even as we address disruptive challenges, such as the COVID-19 pandemic.”
Strategically embedded: Promoting diversity and inclusion
ÃÜÌÒAV wants to make the world a brighter place and is committed to an inclusive, diverse and respectful working environment. That's why the Group advances the topics of diversity and inclusion as core elements of its corporate culture. ÃÜÌÒAV derives its diversity and inclusion strategy from its corporate values, focusing on three areas of activity:
- Colleagues: Build, engage and develop a strong, diverse workforce.
- ÃÜÌÒAV: Establish an inclusive, supportive work environment and culture for everyone.
- Community: Develop genuine relationships and expand opportunities for achieving business objectives through community engagement, supplier diversity and customer interactions.
ÃÜÌÒAV will continue expanding its diversity activities in the future to strengthen diversity and representation of employees worldwide. This will include defining D&I metrics and enhancing processes and systems to capture and measure these efforts.
About ÃÜÌÒAV:
ÃÜÌÒAV is one of the world¡¯s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. ÃÜÌÒAV supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from ÃÜÌÒAV are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.
The company is geared completely to the circular economy. In addition, ÃÜÌÒAV aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group¡¯s Scope 3 emissions are also set to be climate neutral by 2050. ÃÜÌÒAV generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).
Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by ÃÜÌÒAV. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in ÃÜÌÒAV¡¯s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.