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.

• · gold_standard

Evonik is using long-term green power purchase agreements (PPAs) with energy utilities including EnBW (150 MW from He Dreiht offshore wind farm starting 2026), Vattenfall (two photovoltaic sites in Schleswig-Holstein starting 2025/2026), and RWE (~37.5 GWh/year from Kaskasi offshore wind farm starting 2028). Aim is to switch externally purchased electricity to 100% green electricity by 2030, with current share of 47% in 2024. Full implementation expected to reduce Scope 2 emissions by ~150,000 tCO2/year. ROHACELL production at Darmstadt now 100% renewable electricity. Biomethane is also becoming increasingly important as a substitute for fossil natural gas.

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.

• 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.

• 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.

• Portfolio transformation to Next Generation Solutions

  45% of 2024 sales generated by Next Generation Solutions (NGS) with positive sustainability profile, up from 43% in 2023. Target: >50% NGS sales by 2030. €3 billion to be invested in NGS between 2022-2030 (€331 million in 2024, 41% of total capex). NGS handprint: 10 product applications generated €1.5 billion sales while avoiding 50 million tCO2eq emissions in customers' applications.

• Reverse integration at Mobile (Alabama) for methyl mercaptan

  Reverse integration project at Mobile, Alabama produces methyl mercaptan (methionine precursor) in-house rather than purchasing, reducing Scope 3 while increasing Scope 1+2. Net result: significant reduction in total CO2 emissions across all scopes. Expected completion in 2025.

• EAGER project: efficiency, waste heat upcycling, electrification

  The Evonik Assessment of GHG Emission Reduction (EAGER) project identified potential to reduce Scope 1 and 2 emissions at top 20 sites (80% of group GHG emissions) by ~1 million tCO2eq. €700 million planned for Next Generation Technologies through 2030. In 2024, projects under planning/implementation will reduce CO2eq emissions by ~440,000 tonnes/year, with €99 million invested in reporting period. Examples: vapor recompression in Singapore (no more external steam from 2025), Ecluse steam network connection in Antwerp from 2027 (50% biomass), expanded methionine plant in Singapore, new carbon-neutral alkoxide plant in Singapore (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.

• Logistics decarbonisation (intermodal, HVO)

  Since 2023, Evonik reports actions to reduce CO2 in procurement of logistics services and packaging. Examples include switching to intermodal transportation and using hydrotreated vegetable oil (HVO) as substitute for diesel fuel in road transportation. Supplier engagement program expanded to selected indirect suppliers.

• Scope 3 raw materials decarbonisation with key suppliers

  Evonik actively engages with suppliers via the TfS Product Carbon Footprint Guideline and platform for sharing supplier-specific emission factors. From 2025, only suppliers providing primary emission data will be considered. Examples in 2024: full conversion of caustic soda supply in Germany to green (electrolysis with carbon-reduced electricity), 12% increase in re-refined base oils (50% lower carbon footprint), first BASF biomass-balanced ammonia agreement (65% lower PCF), first large-scale green ammonia at Herne, mass-balanced ethylene/propylene oxide at Essen. 84% of suppliers had own sustainability targets in 2024.

• Circular raw materials and chemical recycling

  Evonik provides additives, adsorbents, catalysts to enable mechanical and chemical recycling. Increasing use of ISCC PLUS / REDcert² mass-balanced products (13 ISCC PLUS and 3 REDcert² certificates by end 2024 across 10 business lines). Rhamnolipid biosurfactant plant in Slovakia opened 2024 using corn feedstocks. Target: >€1 billion additional sales with circular products by 2030 (~€0.20 billion achieved 2024).