Annual Report 2022

Aerial view of a plant with green overlay (graphic)

Nonfinancial Group Statement

We publish the nonfinancial Group statement pursuant to Sections 315b and 315c in conjunction with Sections 289c through 289e HGB as an integrated part of the Group Management Report. The respective sections include the strategies we pursue in addressing environmental, labor, and social issues as well as protecting human rights and fighting corruption and bribery, including the due diligence processes followed and measures implemented, as well as the outcomes of these strategies.

We applied the GRI standards as a framework for preparing the nonfinancial Group statement.

Key topics relevant to the nonfinancial Group statement are identified in an internal process and in consideration of their significance and implementation within the company. The starting point for this is the materiality assessment and the material sustainability topics identified or updated as a result, i.e., the topics that are of medium or high relevance to Covestro and on the aspects of which Covestro’s business activities have a medium or high impact. The following table provides an overview of the key sustainability topics with an eye to the relevant aspects and contains references to the specific sections in the Group Management Report. In order to identify and address current developments and sustainability-related opportunities and risks at an early stage, we also review whether there are any new findings relevant to opportunity and risk management. No material risks have been identified in connection with Covestro’s own business activities, business relationships, or products that have or are very likely to have a severely negative impact on the nonfinancial aspects of the company’s business.

Key sustainability topics of the Group’s nonfinancial statement (HGB)






Key topics of the Group’s nonfinancial statement (German Commercial Code)


Relevant aspects in accordance with the Group’s nonfinancial statement (German Commercial Code)


Section reference in the Group Management Report

Circular economy


Environmental matters, social matters


"Circular Economy,“

Climate neutrality


Environmental matters, social matters


"Climate Neutrality.”

Sustainable R&D based innovation portfolio


Environmental matters, social matters



Sustainable products & product stewardship


Environmental matters, social matters


"Sustainable Products and Product Stewardship.”

Employer attractiveness


Employee matters





Environmental matters, fighting corruption and bribery, respect for human rights


"Opportunities and Risks Report,“

Diversity, equity & inclusion


Employee matters, respect for human rights, social matters



Inclusive business


Social matters


"Social Responsibility.“

Human rights


Respect for human rights, social matters


"Social Responsibility.“

Sustainability in sourcing


Environmental matters, social matters, fighting corruption and bribery, respect for human rights


"Sustainability in the Supply Chain.“

Health & safety


Employee matters, environmental matters, social matters


"Integrated Management System for Health, Safety, Environment, Energy, and Quality,“
"Health & Safety.“

As an integral part of the Group Management Report, the nonfinancial Group statement was audited by the financial statement auditor, KPMG AG Wirtschaftsprüfungsgesellschaft, Düsseldorf (Germany), as part of the audit of the Consolidated Financial Statements based on an expansion of the audit engagement.

A nonfinancial statement or nonfinancial report does not have to be provided at this time for Covestro AG.

Due Diligence
Information on the processes for identifying, preventing, and mitigating the actual or possible negative impact on nonfinancial factors.
GRI / Global Reporting Initiative
Guidelines on the preparation of sustainability reports by companies, governments, and nongovernmental organizations (NGOs).
HGB / German Commercial Code
Comprises the majority of German accounting legislation.

Topics filter

What are you looking for? Filter our online annual report by main topics.