Primary: 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.
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Sale of superabsorbents business to ICIG The superabsorbents business was sold to the International Chemical Investors Group (ICIG) as of August 31, 2024. Included German location in Krefeld and Greensboro (North Carolina, USA). Affects period-over-period comparisons for production volumes and Scope 3 emissions.
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New energy efficiency target: 1,200 GWh savings by 2030 Executive board approved new energy target in reporting period: achieving sustainable energy savings of 1,200 GWh from implemented energy efficiency projects between 2021 and 2030, replacing previous absolute and specific 5% reduction target.
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Decommissioning of Marl coal-fired power plant Evonik decommissioned its coal-fired power plant in Marl, Germany at end of March 2024, reducing CO2 emissions by up to 1 million tonnes/year. Evonik has stopped producing electricity from coal worldwide. Originally planned for 2022 but delayed due to Ukraine war energy security concerns.
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Updated Scope 3 emission factors for methane leakage Emission factors rose in some Scope 3 categories because more recent scientific findings regarding GHG effect of methane leakage and flaring during natural gas/crude oil extraction were integrated. Particularly affected category 1 purchased raw materials and category 3 fuel/energy. Contributed to Scope 3 increase from 18.9 to 21.6 MtCO2e.
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First sustainability report compliant with ESRS This is the first sustainability report by Evonik in compliance with European Sustainability Reporting Standards (ESRS), switching from previous GRI alignment. New metrics added per ESRS for 2024.
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Reports alignment with SDGs 3, 6, 12, 13 Evonik identified SDGs of particular relevance: SDG 3 (Good Health and Well-being), SDG 6 (Clean Water and Sanitation), SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action). 55% of chemicals sales contributed to these SDGs in 2024 (2023: ~52%).
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TNFD LEAP method adopted for nature risk assessment Evonik uses the LEAP method (Locate, Evaluate, Assess, Prepare) from the TNFD framework to evaluate local environmental risks including biodiversity and water. Adopted biodiversity policy and circular economy policy in reporting period.
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Limited assurance from KPMG under new ESRS framework Full sustainability report subject to limited assurance engagement by KPMG AG Wirtschaftsprüfungsgesellschaft under ISAE 3000 (Revised), covering ESRS-compliant Consolidated Sustainability Statement for first time.
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New innovation growth target: €1.5bn additional sales by 2032 Evonik set new target to generate €1.5 billion in additional sales from three innovation growth engines (Advance Precision Biosolutions, Accelerate Energy Transition, Enable Circular Economy) by 2032, compared with 2023.
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