With respect to sustainability, Covestro pursues a comprehensive approach that includes the entire product life cycle, taking into account social, environmental, and economic aspects. Sustainability is deeply anchored in the organization’s strategy, and is reflected in all our activities. One of our five sustainability targets is to contribute to improving the lives of ten million people in underserved markets, primarily in developing and emerging countries, by the year 2025. In collaboration with customers and governmental and non-governmental organizations, we are therefore developing affordable solutions, based on our technologies and products, that benefit low-income populations – all this under the umbrella of Covestro Inclusive Business.
In ASEAN, we are focusing primarily on food security and affordable housing applications in which our materials offer significant benefits.
Increasing productivity with our food security solutions
A majority of people in ASEAN depend highly on agricultural production – especially people at the bottom of the income pyramid. Unfortunately, 30-50% of harvested goods are not turned into income.
Covestro is collaborating with unconventional partners from different sectors (customers, NGOs, social enterprises, governmental institutions, and impact investors) in the area of food security solutions, benefiting farmers on the ground by reducing post-harvest-losses, increasing incomes, and improving livelihoods.