- Petrochemical overcapacity and flagging demand
- Market volatility, logistics and supply chain disruptions, lagging demand and geopolitical strife
- High energy costs and inflation
- Difficulty attracting, retaining, and replacing qualified personnel
- Limited availability of renewable feedstock
- Uncertainties regarding new legislation
- Risk of not achieving emission reduction targets
- Increased costs for CO2 certificates
- Reputational risk and product bans
- Difficulty in ensuring compliance with evermore stringent regulation
Borealis AG
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Borealis AG disclosed greenhouse gas emissions of 2.2 million metric tons (Scope 1 and 2 market based). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.2 million metric tons (Scope 1 and 2 market based)
2023
Renewable Energy
38% in 2023
of total energy
Water Usage
334 million m3
2023
Waste
73.5K metric tons
2023
Energy Use
14.8K GWh
2023
✅ Reported Environmental Achievements
- Reached 40% renewable electricity for European operations in 2023 (two years ahead of 2030 target)
- Completed major cracker furnace upgrade in Stenungsund, Sweden, enhancing energy efficiency
- ISCC PLUS certification for all Europe-based polyolefins and polyolefin compounding facilities and recycling operations in Belgium, Austria, and Germany
- Processed around 116,300 metric tons of circular feedstock in Europe in 2023
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase circular product solutions capacity to 600,000 metric tons by 2025
- Increase renewable energy share in electricity mix to 40% by 2025
- Achieve fixed-cost savings of EUR 100 million by the end of 2025
📅 Medium-term
- Reduce Scope 1 and Scope 2 emissions to less than 2 million metric tons/year by 2030
- Increase renewable energy use to 100% by 2030
- Achieve 1.8 million metric tons of global production capacity for circular products and solutions by 2030
- Increase learning hours to 30 per person by 2030
- Increase the share of women at management level to 30% by 2030
🔭 Long-term
- Achieve climate-neutral operations by 2050
- Zero pellet loss
- Zero work-related incidents or accidents
- Zero non-emergency flaring
- Zero harmful substances in our products according to REACH
🌱 ESG Focus Areas
Climate ChangeCircular EconomyPlastic Waste & ManagementProduct SustainabilityProduct SafetyHealth & SafetyResponsible SourcingInnovation ManagementDigital Transformation