company transformation · •covestro: targeted r&d for sustainable solutions - 80%...
TRANSCRIPT
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COMPANY TRANSFORMATION
TO MEET TODAY’S MEGATRENDS
Dr. Markus Steilemann
Chief Commercial Officer
Covestro
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Changing world – need for bold answers
• Global megatrends require urgent action
- Challenges such as climate change,
urbanization, population growth
- Immense demand for bold sustainable
solutions
• Industry has to provide right answers
- Key sectors and markets expect deep
transformation
- Greener economy relies on right materials
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High-tech plastics – material for our millenium
• Ubiquitous in modern society
- Indispensable in our daily lives
- Based on know-how of the chemical
industry
• Making dreams come true
- Perfect properties for revolutionary
new possibilities
- Replace conventional materials such as
steel, glass and wood
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Covestro – world leading expert in materials
• Inventor and producer of high-value
polymers
- High-performance plastic polycarbonate
- Polyurethane components for foams,
coatings and more
• Our purpose:
make the world a brighter place
- Pushing the boundaries of what is possible
- Independence and IPO have boosted flexibility
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• Global megatrends to provide tremendous growth
- Major opportunities through UN Sustainability Goals
- Above average growth of important industries
• Covestro leverages sustainability driven growth
- “People, Planet, Profit” principle as guideline
- Holistic approach along entire value chain
Sustainability – the growth engine
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Rapid innovation – the right answer
• Identify true needs of today and tomorrow
- Closely listen to customers’ demands and
challenges
- Actually launch innovations in due time
• Covestro:
Targeted R&D for sustainable solutions
- 80% sustainability-related R&D projects
by 2025
- Open innovation and cross-industry cooperation
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Becoming digital – the game changer
• Digitization hits all industries
- Offering new opportunities and huge
value potential
- Chemical sector still trailing but must
get ready
• Covestro embraces and drives
digitization
- Focus on digital operations, customer
experience, business models
- Empower others to also benefit from digitization
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Agile company culture – activating potential
• Suitable culture as foundation
for success
- High team spirit and identification
- Embracing change and willingness to achieve
• The Covestro way
- Encourage employees to be curious,
courageous, colorful
- Free up space, tolerate mistakes,
acknowledge achievements
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Towards new production – #pushing boundaries
• Broaden resource base
- Alternative raw materials to save fossil
sources
- First products made from CO2 and plants
launched
• Carbon Productivity vision
- Drive a new perspective on value creation
through carbon
- New initiative recently announced at UN
Global Compact summit
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Towards new products – #pushing boundaries
• Propel new forms of mobility
- Lightweight materials to reduce energy
consumption
- High-tech plastics for advanced lighting
technologies
• Make wind energy more efficient
- Innovative material for more stable
and durable rotor blades
- Improved production technology for
corrosion protection
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Towards new business models – #pushing boundaries
• Foster collaboration
- Inclusive business to support underserved
markets
- Sustainable partner program for global
textiles industry
• Seize opportunities of digitization
- New ways to run our business:
digital sales platform
- New way to support customers: online
process optimization
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Change as opportunity – let’s get started
• Embark on sustainability and digitization
- Use momentum and show leadership
- Come up with great solutions for our
changing world’s needs
• Flexibility as fundament
- Have the right people with an agile
mind-set
- Have the right structure and mechanisms
to respond quickly