Covestro launches new CSR initiative in Pittsburgh with $300,000 grant to Robert Morris University

Establishes Covestro Employee Engagement Institute to re-imagine employee volunteerism for the 21st century

Pittsburgh, September 29, 2015 — Covestro LLC, a leading polymer materials supplier, today unveiled i3 (ignite, imagine, innovate), its U.S.-based corporate social responsibility (CSR) initiative that aims to spark curiosity, to envision what could be and to help create it.

To celebrate the launch in Pittsburgh, Covestro established the Covestro Employee Engagement Institute (CEEI) through a $300,000 grant to Robert Morris University at its Bayer Center for Nonprofit Management.

Formerly known as Bayer MaterialScience, Covestro has a rich history of corporate citizenship in Pittsburgh, where its North American headquarters are located. The i3 initiative will build on that tradition through its three pillars: i3 STEM, which ignites young minds to become the innovators of tomorrow through support of hands-on, inquiry-based STEM education, workforce experience and employee volunteerism; i3 Engage, which re-imagines the way employees from for-profits and nonprofits engage with one another for more effective outcomes; and, i3 Give, designed to innovate corporate philanthropy strategies that combine both human and financial resources to build stronger communities.

“Covestro is an innovation company that is using the three pillars of i3 to fuel our commitment to STEM education, employee volunteerism and philanthropy — all to create sustainable and lasting impacts,” said Jerry MacCleary, president of Covestro LLC.

In support of i3, CEEI seeks to build significant bonds between corporations and local nonprofit service organizations by providing innovative training and education for employees from both sectors. In turn, Covestro is laying a foundation for human capital philanthropy in the region.

For Covestro, CEEI represents a powerful talent management tool, impacting both recruitment and retention. Research shows employees who feel more connected to their region want to stay in that region. Pittsburgh employees and nonprofits have already participated in several programs the institute will offer and have provided more than 1,000 hours of skills-based service to the region.

“Retaining our talent is a top priority,” said Rebecca Lucore, chief of staff at Covestro LLC. “CEEI will help us do that by providing myriad opportunities where our talent can engage together outside our company walls in the greater community and connect their passions, skills and ideas to the causes they care about most.”

CEEI will continue to benefit Covestro’s Pittsburgh employees, as well as nonprofit organizations in this region. In addition, CEEI’s training and education programs are open and available to employees of other corporations throughout southwestern Pennsylvania.

“Right out of the gate, Covestro is demonstrating its high-caliber CSR leadership by giving this gift of the Covestro Employee Engagement Institute to the wider community,” said Peggy Morrison Outon, executive director, Bayer Center for Nonprofit Management, Robert Morris University. “Through CEEI’s programs, nonprofits will gain a new resource from business expertise brought to bear on real-time management and governance issues.”

CEEI’s four centerpiece programs are BoardsWork!, Skills-based Volunteer Consulting (SBV), Executive Service Corps and quarterly community forums. They provide a range of engagement training and opportunities for millennial employees, mid-career professionals, senior-level managers and retirees.

About Robert Morris University and the Bayer Center for Nonprofit Management:

Founded in 1999, the Bayer Center for Nonprofit Management at Robert Morris University (BCNM) has served more than 3600 nonprofits as our clients and students. This number represents more than 50% of the regional nonprofits. By connection with such a high percentage of our market, BCNM is a powerful thought leader who sets an agenda for excellence in performance by nonprofits. It then seeks to equip them to excel. Our programs and services include consulting, nonprofit education, research and publishing. We believe: Nonprofits build strong communities. We build strong nonprofits.

About Covestro LLC:

Covestro LLC is one of the leading producers of high-performance polymers in North America and is part of the global Covestro business. Covestro manufactures high-tech polymer materials and develops innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and sports and leisure industries. The Covestro group has 30 production sites around the globe and employed approximately 14,200 people at the end of 2014. Covestro is a Bayer Group company.

Find more information at www.covestro.com.

Covestro Contact:

Alice Sox, Phone: +1 412-413-5430
Alice.Sox@covestro.com

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This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG or subgroup management. 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 and Bayer’s public reports which are available on the Covestro website at www.covestro.com as well as on Bayer AG’s website at www.bayer.com. Covestro assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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