Evonik

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Evonik is using long-term green power purchase agreements (PPAs) with various energy utilities to switch to green energy. First deliveries from 960 MW He Dreiht offshore wind farm (EnBW, 150 MW contracted) expected 2026. Two photovoltaic sites in Schleswig-Holstein with Vattenfall coming online in 2025. RWE Kaskasi offshore wind farm will supply ~37.5 GWh/year from 2028. Biomethane is also becoming increasingly important as a substitute for fossil natural gas. Target: 100% green electricity for externally purchased electricity by 2030 (currently 47%). ROHACELL® production in Darmstadt now 100% renewable electricity, saving 3,400 tonnes CO2/year.

Evonik does not use carbon offsets outside its own value chains in its carbon footprint accounting. For period beyond 2030, Evonik expects new technologies to reach maturity including carbon capture and storage (CCS) and carbon capture and utilization (CCU). Together with partners, Evonik is engaged in research using its catalyst expertise to convert stable CO2 molecules (with green hydrogen) into methanol and other hydrocarbons for solvents, polymers, and liquid e-fuels. CO2 use for e-fuels boosted by ReFuelEU aviation regulations.

• Next Generation Solutions portfolio transformation

  €3 billion investment planned 2022-2030 in Next Generation Solutions (products with positive sustainability profile). Currently 45% of sales (target >50% by 2030). 10 Next Generation Solutions tracked for avoided emissions delivered 50 million tonnes CO2eq savings in customer applications in 2024, with €1.5 billion in associated sales. Innovation growth engines: Advance Precision Biosolutions, Accelerate Energy Transition, Enable Circular Economy.

• EAGER project — process efficiency and electrification at top 20 sites

  Project 'Evonik Assessment of GHG Emission Reduction' (EAGER) identified potential to reduce Scope 1 and 2 emissions at top 20 sites worldwide by ~1 million tonnes CO2eq, covering 80% of GHG emissions. €700 million investment planned in Next Generation Technologies 2022-2030. In 2024, projects planned/implemented expected to reduce CO2eq by ~440,000 tonnes/year (€99 million invested in reporting period).

• Exit from coal-fired power generation

  Decommissioned coal-fired power plant in Marl at end of March 2024, reducing CO2 emissions by up to 1 million metric tons per year. Replaced by two new highly efficient gas and steam turbine power plants. Evonik has now stopped producing electricity from coal worldwide.

• Reverse integration: Mobile (Alabama) methyl mercaptan plant

  Reverse integration project at Mobile (Alabama, USA) site reduces Scope 3 emissions by producing methyl mercaptan precursor for methionine in-house rather than purchasing it. Increases Scope 1 and 2 emissions but the Scope 3 reduction outweighs this, resulting in significant total CO2 reduction across all Scopes. Expected completion 2025.

• Supplier engagement for Scope 3 raw materials reduction

  Working with Together for Sustainability (TfS) initiative to define common PCF calculation standards and exchange supplier-specific emission factors. >84% of suppliers already had own sustainability targets in 2024. Examples: switched entire German caustic soda supply to green caustic soda (electrolysis with renewable electricity); BASF agreement October 2024 for biomass-balanced ammonia with 65% lower PCF; converted to ISCC Plus-certified C4 (canola oil based); first large-scale green ammonia processing at Herne site.

• Logistics decarbonisation (HVO, intermodal shipping)

  Since 2023, Evonik also reports actions to reduce CO2 in procurement of logistics services and packaging. Examples include switching to intermodal transportation or using hydrotreated vegetable oil (HVO) as substitute for diesel fuel in road transportation. Expanded supplier engagement to selected indirect suppliers for primary data availability.