Page 28 - Plastics News June 2024

PRESS RELEASE

To envision the future of this project, Covestro (India) aims to deepen its com-
mitment to the areas of Skill Development, Employment, Youth Empowerment,
Entrepreneurship, and Rural Development. This CSR initiative aligns closely with
Covestro (India)'s objectives, which emphasize promoting education, including
special education, and enhancing vocational skills, particularly among children,
women, the elderly, differently abled individuals, and marginalized communities.

"At Covestro (India), we are dedicated to empowering communities through our
holistic CSR approach. This upskilling project exemplifies our commitment to
bridging the gap between academics and industry, equipping students with the
essential skills needed for success,” said Kavita Desai, Head of Corporate Com-
munications & Corporate Social Responsibility, Covestro (India) Private Limited.

Moving forward, Covestro (India) intends to expand the scope of its initiatives,
incorporating innovative training programs, mentorship opportunities, and en-
trepreneurship support to empower individuals across diverse demographics. By
fostering a culture of lifelong learning and professional development, Covestro
(India) envisions a future where every individual has access to quality education
and the opportunity to thrive in the workforce, thereby contributing to the socio-
economic growth and sustainability of communities.

"The success of this upskilling initiative highlights the importance of investing in
human capital. Covestro (India) is proud to support efforts that enhance our fu-
ture workforce's capabilities and contribute to sustainable industry growth," said
Avinash Bagdi, Director, Covestro (India) Private Limited.
Through continuous collaboration with partners like AIPMA and a steadfast com-
mitment to skill development, Covestro (India) strives to create a lasting impact,
transforming lives and building a brighter future for generations to come.

About Covestro:
Covestro is one of the world’s leading manufacturers of high-quality polymer ma-
terials and their components. With its innovative products, processes and meth-
ods, the company helps enhance sustainability and the quality of life in many
areas. Covestro supplies customers around the world in key industries such as
mobility, building and living, as well as the electrical and electronics sector. In
addition, polymers from Covestro are also used in sectors such as sports and
leisure, telecommunications and health, as well as in the chemical industry itself.

The company is committed to becoming fully circular. In addition, Covestro aims
to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and
the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Coves-
tro generated sales of EUR 14.4 billion in fiscal 2023. At the end of 2023, the
company had 48 production sites worldwide and employed approximately 17,500
people (calculated as full-time equivalents).

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June 2024