• Covestro AG
  •  Overview
  • Last Modified:
  • November 24, 2024
  • Company type:
  • Public
  • Industry:
  • Manufacturing
  • Verified:
  • No
  • No of Employees:
  • 10 001 - 50 000
  • Stock Code:
  • 1COV
  • Download
  • Signed Health Status Declaration Form
  • Turnover $50m + ?:
  • Yes
  • Headquarters:
  • Leverkusen
  • Public Interest Score:
  • 750+

 

  • Covestro AG
  • General Information

Description

  1. Innovative Materials: Covestro offers a diverse portfolio of materials, including polyurethane and polycarbonate raw materials. These are used in applications such as cellular foams, thermoplastic polyurethane, and polycarbonate pellets. Additionally, they provide polyurethane-based additives for coatings and adhesives.
  2. Sustainability: Covestro is committed to sustainability. They focus on initiatives like chemical recycling and bio-based aniline (derived from plant biomass instead of crude oil). Furthermore, they aim to achieve climate neutrality 2035, contributing to a more circular and eco-friendly future.
  3. Socio-Demographic Change: Covestro recognizes global shifts, including an aging and wealthier population. Plastics play a role in supporting modern lifestyles by enabling health, sustainability, and connectivity.
  4. Energy Efficiency: Covestro emphasizes the importance of using energy effectively, especially in buildings. Energy efficiency, alongside green energy, contributes to climate protection.
  5. Collaboration with Wind Power: The chemical industry and wind power industry are interconnected. Together, they accelerate the energy transition toward a more sustainable world.
  6. Artificial Intelligence and Responsibility: While artificial intelligence brings new possibilities, it also opens doors to disinformation and manipulation. Companies like Covestro can play a role in countering these challenges.
  7. Professional Dreams: As part of the “My Position is Top” campaign, Yolanda Raffay had the opportunity to manage Covestro production sites in North Rhine-Westphalia for a day—a dream come true for many professionals.
  8. Circular Economy: Covestro advocates for cities to become centers of the circular economy by turning waste into valuable raw materials.

In summary, Covestro is a world-leading supplier of polymer materials, driven by innovation and sustainability.

Markus Steilemann:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Christian Baier:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Thorsten Dreier:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Sucheta Govil:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No

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5 Benchmark > 4 Excellent > 3  Good > 2 Caution > 1 Risk

 

  • Company Information
  • Company System Number:
  • 15007
  • Founded Year: 
  • 2015
  • Registration Number: 
  • HRB 85281
  • Country: 
  • Germany
  • Stock Exchanges: 
    • Deutsche Börse Xetra
    • Frankfurt Stock Exchange
  • Financial year end: 
  • December
  • No. of Countries operations: 
  • 21
  • Company Status: 
  • In Business
  • Industry Sub Category: 
  • Electronics, Construction
  • Date listed on Stock Exchange: 
  • 06/10/2015

 

  • Contact Information
  • Business operation: 
  • Covestro AG is a German company producing polyurethane and polycarbonate raw materials. Its products include isocyanates and polyols for cellular foams, thermoplastic polyurethane and polycarbonate pellets, as well as polyurethane based additives used in the formulation of coatings and adhesives.
  • Primary office: 
  • Building K12, Kaiser-Wilhelm-Allee 60, D-51373 Leverkusen, Germany

 

  • Additional Information
  • Listed?: 
  • Yes
  • Company secretary: 
  • Kashif Syed
  • Reporting currency: 
  • EUR
  • ISIN number (12 digit): 
ETR
DE0006062144
FRA
DE0006062144
  • Authorised shares:
  • Issued shares:
  • No of shareholders:
  • 1001 and more shareholders
  • No of shareholders holding 20%:
  • 0 shareholders
  • Number of shares traded
  • Per Year:
  • Per Quarter:
  • Per Month:

 

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Material Subsidiaries/Associates


For a comprehensive list, please contact InsidEntity.

Credit Rating

NameLogoCountryHeadquartersRating
Moody'sCredit LogoUnited States of AmericaNew YorkBaa2

 

Countries Operations/ Offices


 

Company Directors

Name
Nationality
Age
Role
Qualification
Name

Markus

Executive
NationalityGermany
56
RoleCEO
QualificationB.A,PhD
Date Appointed: 01/09/2015
Duration:
11 years and 0 month
Independance: N
Profile
Name

Christian

Executive
NationalityGermany
49
RoleCFO
QualificationMBA
Date Appointed: 01/10/2023
Duration:
2 years and 11 months
Independance: Y
Profile
Name

Thorsten

Executive
NationalityGermany
54
RoleCTO
QualificationPhD (Chem)
Date Appointed: 01/07/2023
Duration:
3 years and 2 months
Independance: Y
Profile
Name

Sucheta

Executive
NationalityUnited Kingdom
63
RoleCOO, NED
QualificationBBM
Date Appointed: 01/08/2019
Duration:
7 years and 1 month
Independance: Y
Profile

 

Directors Tenure

Name
Duration
Name

Markus Steileman

Duration11 years and 0 month
Profile
Name

Christian Baier

Duration2 years and 11 months
Profile
Name

Thorsten Dreier

Duration3 years and 2 months
Profile
Name

Sucheta Govil

Duration7 years and 1 month
Profile

 

Director Experience

Name
Experience
Name

Markus

Experience Other
Profile
Name

Christian

Experience Other, Transportation
Profile
Name

Thorsten

Experience Other, Technology
Profile
Name

Sucheta

Experience Other, Beverages, Pharmaceutical, Healthcare
Profile

 

Company Auditors

Name
Date Appointed
Years
Name

KPMG

Date Appointed01/01/2017
Year9 years and 8 months
Profile

 

 

Company Committees

Name

Markus Steileman

Mainboard, Audit, Remuneration BD
Profile
Name

Christian Baier

Mainboard, Audit, Remuneration BD
Profile
Name

Thorsten Dreier

Mainboard, Audit, Remuneration BD
Profile
Name

Sucheta Govil

Mainboard, Audit, Remuneration BD
Profile

 

Committee
Abbreviation
Supervisory Board
SB
Board
BD
Risk & Compliance
RC
Audit
AU
Remuneration
RE
Capital investment
CI
Industry Specific
IS
Nominations & Governance
NG
Health, Safety & Environment
HS
Social & Ethics
SE
Technology
TE
Executive
EX
Other
OT