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Covestro Taiwan Recognized for CSR Efforts and Among Top 10 in ‘CommonWealth’ CSR Award

• Contribute to sustainable development and realize quality education, equality and co-prosperity
• Ranked No. 9 in 2018 Foreign Enterprises
On August 29th 2018, the ‘CommonWealth’ CSR Award announced the list of winners, on which Covestro Taiwan placed Top 10 among ‘Foreign Enterprises’ with No. 9 ranking in the category, after winning No. 12 in the same category with the company’s debut in the competition in 2017. Covestro Taiwan has successfully integrated scientific education with its expertise in polymers and provided diversified science education resources to the hearing-impaired school for the purpose of improving equality in education. In addition, Covestro is also active in practicing compliance with Sustainable Development Goals (SDGs) set by the United Nations, which also corresponds with the spirit of the ‘CommonWealth’ CSR Award: “To align with International standards, and connect with the world to reinforce business competition.”
The ‘CommonWealth’ CSR Award references the International indicators and assessment methods of the United Nations Global Compact (UNGC) and the Dow Jones Sustainability Index (DJSI) in fields such as ‘Corporate Commitment’, ‘Social Engagement’ and ‘Environmental Protection’ to evaluate and select Taiwan’s top foreign enterprises with the greatest future potential. Covestro is committed to its 3P principle: ‘People’, ‘Planet’, and ‘Profit’, combining professional skills with social care and education to actively practice its goal of the company and society creating values together. This year, in addition to its No. 9 ranking in the cross-industrial “Foreign Enterprises” category, Covestro Taiwan’s scores in “Social Engagement” also ranked No. 6 among the Top 15 CSR winners of the Foreign Enterprises category.
“Covestro Taiwan utilizes its expertise at the core of social care. We are devoted to our vision ‘To make the world a brighter place’, and carry out comprehensive CSR actions such as activities involving scientific and environmental education. This positive influence on society opens up a new realm of corporate social responsibility.” said Michael Lee, Managing Director of Covestro Taiwan.
With the long-term devotion to social needs, Covestro has already developed a wide range of diversified CSR activities so far. These activities include the ‘Covestro MagicMaterial School’ series of scientific education events geared towards schools for the hearing-impaired around the island, the ‘Ocean Protection Story Project’  which collaborated with all the seven National Parks and five National Museums in Taiwan to raise children’s awareness of an important global crisis, marine plastic pollution, as well as active participation in forums and lectures on Circular Economy and sustainability, among others. In the future, Covestro Taiwan will continue its efforts in CSR, partnering with diverse groups to further contribute to Taiwan’s sustainable development.

About Covestro ‘MagicMaterial School’:
Since 2014, Covestro MagicMaterial School has been offering science education activities in rural areas, and the scope of the activities have expanded to three schools for the hearing-impaired in Taiwan by 2017. The main focus of the activities is on ‘polymers’, a topic in junior high school textbooks. The dynamic and interesting plays and experiments, along with the STEM experiments design that integrates course subjects, help cultivate students’ interest in science. The science education club ‘Covestro MagicMaterial School Science Club’ was commissioned by Covestro Taiwan and created by Steve Hsu, Professor of National Taichung University of Education and his team at Taichung Special School for The Students with Hearing Impairments in 2018, hoping to introduce long-term resources to science education for the hearing-impaired.

About Covestro’s ‘Ocean Protection Story Project’:
Starting from 2017 World Oceans Day, Covestro has been planting seeds of care into the minds of children through a simple and fun Chinese-English bilingual picture storybook, focusing on marine debris management and other preventive educational themes, complemented by waste management and the 3R principle “Reduce, Reuse, Recycle” to convey the ideas. The initiative received immediate support from all the 5 National Museums since its launch and engaged over 13,000 children across the island in one year. The scale of the partnerships were expanded in 2018: in addition to the original partners, all the 7 National Parks and science education parks also joined in promoting the event. The picture book Bright Minds for a Brighter World—The Adventures of Young Guardians copyrighted by Covestro is even recommended by the heads of Ministry of Education, Environmental Protection Administration, Construction and Planning Agency, Forestry Bureau, and other agencies.
 
About Covestro:
With 2017 sales of EUR 14.1 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main sectors served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,200 people (calculated as full-time equivalents) at the end of 2017.

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Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports. These reports are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to make them conform to future events or developments.