New Delhi, October 6th, 2015: As part of its Corporate sustainability project, Covestro, India along with Habitat for Humanity, India announced a Project “UMMEED KI AWAAS” a housing project for people with special needs such as HIV positive families in Delhi NCR region. Prime beneficiary are women headed families. During phase I Covestro and HFHI together will be constructing five houses as a grant with use of materials manufactured by Covestro and along with Covestro’s construction theme.This project is expected to complete in four months time.
Elaborating on Covestro’s sustainablity agenda Mr. Richard Northcote, Chief sustainability Officer, Covestro AG said, “We have a public commitment to sustainability, which is a major part of our strategic development to deliver profitable growth. Providing innovative, environmentally and socially responsible technologies, R&D activities, products, processes and facilities, means we can continue to satisfy the needs of an ever-changing world. We aim to empower our employees and partners to embed sustainability practices throughout all their daily activities. This is a small step towards providing a sustainable low cost solution for the weaker section of the society alongwith our partner Habitat for Humanity.”
At Covestro, Sustainability is about Efficiency, Quality, Functionality, Pioneering, Affordability & Partnering. Whether we participate in the making of the world’s first solar plane, the super-efficient refrigerator or energy-surplus buildings, we believe on People, Planet & Profit in practice.
The housing technology solution being deployed here is unique and first-of-its-kind. It uses the Covestro PU Insulation System to build a composite panel solution with cement fiber board as the facing and recycled craft paper as honeycomb structure inlay, providing an innovative, lightweight & fast construction system using sustainable, low energy & low cost solutions.
Commenting on the occasion Mr. Ajay Durrani, Managing Director, Covestro (India) Private Limited said, “Sustainability is at the core of Covestro and we are committed to sustainable development of people and planet. We are proud to once again demonstrate our commitment to the nation’s multidimensional goals of poverty alleviation, employment generation and waste to wealth creation, all leading to a holistic economic development.”
Having spent the recent years in developing an innovative low-cost housing solution using technology based on our polyurethane insulation and adhesives, we are glad to invest in a social project along with Habitat For Humanity in making the world a brighter place. Since its inception in 1983, Habitat for Humanity India has served more than 55,000 families with various shelter interventions across 17 States. Habitat through its network of partner organizations promote integrated development aimed at impact, scale and sustainability.
Expressing Humanity for habitat’s efforts in India Mr. Rajan, Managing Director, HFHI said, “We, at Habitat for Humanity India, are happy to be partnering with Covestro (India). We believe this housing technology is a perfect fit for our vision of affordable housing solutions for the bottom of the pyramid as it enables us to reach greater scale as these pre-fab homes take less time to put together whilst at the same time being durable and weather resilient."
About Habitat for Humanity India:
Habitat for Humanity India’s vision is a world where everyone has a decent place to live. Anchored by the conviction that housing provides a critical foundation for breaking the cycle of poverty, Habitat for Humanity India and its partners have been working with low-income, marginalized families to build homes, providing housing-related services and raising awareness of the need for adequate housing and sanitation. Since its inception in 1983, Habitat for Humanity India has served more than 55,000 families with various shelter interventions across 17 States.
Habitat for Humanity India’s long term strategic goal for 2015-19 is to impact 5,00,000 individuals through affordable shelter and shelter related interventions. Habitat through its network of partner organizations promote integrated development aimed at impact, scale and sustainability.
For more information please visit - www.habitatindia.in
About Covestro AG
With 2015 sales of EUR 12.1 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 segments served are the automotive, electrical and electronics, construction and sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites worldwide and employed approximately 15,800 people (calculated as full-time equivalents) at the end of 2015.
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 which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.