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- Other Information 29. Notes to the Statement of Cash Flows
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The circular economy is becoming a global guiding principle. There is plenty still to be done if it is to be achieved: from recycling all waste to abandoning fossil raw materials and energy sources. Plastics play a key role in this endeavor. Covestro wants to drive the industry forward. We will become fully circular.
This is our vision.
Accelerate
Accelerate
Gaining traction towards becoming fully circular
Humanity is pushing the planet to its tipping point. Unsustainable production and consumption patterns must become a thing of the past. It is essential that businesses and society become climate neutral and resource conserving – and fast. For Covestro, this means rethinking waste. It means switching to renewable energy. And it means a profound culture change.
Read moreCollaborate
Collaborate
To protect the planet, the world must act as one
No single entity can become fully circular alone. For this challenge of the century, stakeholders must unite to fight waste in the Alliance to End Plastic Waste. They must establish new value chains to recycle water barrels in China, and add blockchain technology to plastic waste to make it traceable and reusable. And this is only the start.
Read moreInnovate
Innovate
Developing a circular future
To become fully circular, it needs developments and advances in various areas. We need the ability to recycle any given material, for example. Raw materials must be based on renewable feedstock so as not to deplete the planet’s resources. And existing energy- and resource-intensive plants must be further optimized.
Read moreForeword
Markus Steilemann, Sucheta Govil, Klaus Schäfer and Thomas Toepfer reflect on the past year and outline how Covestro has its sights set on the future.
ForewordKey figures
Sales
€10.7bn
–13.7%
EBITDA
€1.5bn
–8.2%
Core volume growth
−5.6%
Free operating cash flow
€530mn
+12.1%
Employees
16,501
–4.1%
Dividend proposal
€1.30
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