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1 2 nd June 2021
12nd June 2021
Content
2
1.
A longstanding leader in sustainability
2.
Umicore’s sustainability ambitions
3.
Net zero GHG emissions by 2035
Thomas Leysen,
Chairman
Marc Grynberg,
CEO
Géraldine Nolens,
Executive Vice President
An Steegen,
CTO
4.
Minimizing environmental impact
5.
Zero harm
Géraldine Nolens,
Executive Vice PresidentAn Steegen, CTO
Géraldine Nolens,
Executive Vice President
6.
Zero inequality
Marc Grynberg,
CEO
7.
Best in class GovernanceNatalia Agüeros-Macario,
ESG Communications Director
8.
Materials fora better lifeMarc Grynberg,
CEO
A longstanding
leader in
sustainability
1.
Thomas Leysen, Chairman
Sustainability at the heart of our mission
Circular economy Clean mobility
Our business model is designed
to deliver positive environmental
impact in parallel with economic
value creation.
We offer solutions to
sustainability challenges that are
linked to megatrends and have
created value for all our
stakeholders.
Our commitment has always
gone beyond our business
efforts.
Umicore’s
sustainability
ambitions
2.
Marc Grynberg, CEO
Net Zero GHG. Zero regrets.
Endless possibilities.
Net ZeroGHG emissions by 2035
Zeroinequality
Zeroharm
Let’s go for zero
The new strategy builds
on 20 years of
achievements.
Our new ambitions are
truly bold. We are raising
the bar, both for
ourselves and our
industry.
Net Zero GHG. Zero regrets.
Endless possibilities.
Technology
innovationRenewablesCarbon neutral
growth
Energy
efficiency
Net Zero
GHG emissions by 2035
Zeroinequality
Zeroharm
Net ZeroGHG emissions by 2035
Net Zero GHG. Zero regrets.
Endless possibilities.
Broader cultural
representation
in management teams
Zero
inequality
Gender parity as soon
as possible, with 35%
women in
management by 2030
Pay equality
Zeroinequality
Zeroharm
Net ZeroGHG emissions by 2035
Net Zero GHG. Zero regrets.
Endless possibilities.
Zero
harm
Caring
safety cultureWellbeing
No injury
No excess
exposure
Zeroinequality
Zeroharm
Net ZeroGHG emissions by 2035
Society
Customers
Shareholders &
fund providers
Employees
Public sector
and authorities
Suppliers
Business
partners
Neighbors Net Zero GHG. Zero regrets.
Endless possibilities.
Net ZeroGHG emissions by 2035
Zeroinequality
Zeroharm
Zero regrets
Net zero GHG
emissions
by 2035
3.
Géraldine Nolens,
Executive Vice President
An Steegen,
CTO
12
2019792 kTonCO2e
Process
emissions
Electricity
Steam &
compressed air
Natural gas,
cokes &
fuels
13
Overview of Umicore’s
Scope 1 & 2 GHG emissions
SCOPE 2 GHG EMISSIONS (403 kTon CO2e)SCOPE 1 GHG EMISSIONS (389 kTon CO2e)
Hoboken
& Olen representing
85% of scope 1
emissions
Energy use
across business units
& sites
Our ambitious commitment:
net zero GHG scope 1 & 2 emissions by 2035
14
2025
-20%-50%
-100%
2030 2035
Net Zero
GHG
2019
Baseline
15
Levers to achieve
net zero GHG emissions by 2035
Innovation & strategic
collaboration
Energy and
process efficiency
Carbon Neutral
growth
Renewable
electricity
16
Scope 1
kTonCO2e
Fossil Switch
GHG capture &
conversion CO2
Heat network
GHG capture &
conversion N2O
Start of industrialization
389
2019 2025 20352030
Scope 1 decarbonization trajectory
focused on innovation
Innovation & strategic collaboration
Net Zero
GHG
Expected capex: € 100 - 200 million
17
Leveraging innovation
for Scope 1 decarbonization
Innovation
and strategic
collaboration
as key enablers
for Scope 1
decarbonization
• Landmark industrial
scale HNO3 plant
avoiding N2O emissions
• External strategic
collaboration across
carbon capture and
storage unit value chain
(e.g., in-house piloting)
• Replacement of fossil
fuels as energy source
by using clean electricity
• In depth know-how in
process metallurgy to
optimize the use of
carbon neutral fuels
• Optimal use of
process heat through
several industrial and
regional partnerships
GHG capture
and conversion
Fossil
SwitchHeat
Network
403
18
Scope 2
kTonCO2e
Renewable electricity
Power Purchase
Agreements off-site
2019 2025 20352030
Scope 2 decarbonization trajectory
focused on renewable electricity across sites
Net Zero
GHG
Renewable
electricity on-site
Renewable Energy
Certificates Minimized use as a bridge to green PPA availability
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Tackling Scope 2
at the source
The vast majority
of Scope 2 GHG
emissions will be
reduced through
the purchase of
renewables
Clean Energy Supplier Clean Energy Buyer
kWh
• Key focus across sites and business units,
however, 44% of scope 2 GHG emissions
currently generated by Rechargeable
Battery Materials business unit:
• Closing first green PPA for cathode
manufacturing plant in Nysa, Poland in 2021
Long-term renewable Power
Purchase Agreements (PPAs)
• Green PPA tenders launched in Europe
covering a substantial part of Group-wide
European electricity consumption
• Ready to start green PPA tendering in China
and Korea upon availability
Use of Renewable Energy Certificates
(RECs) as a bridge to green PPA availability
or onsite renewables production
20
Tackling Scope 2
by production of renewable electricity on site
Active
installations
Ongoing
projects
Brussels
Solar PV
Hoboken
Solar PV
Olen
Wind turbines
Bruges
Solar PV
Shirwal (IN)
Solar PV
Nowa Ruda (PL)
Solar PV
Florange (FR)
Solar PV
Hanau (GER)
Solar PV
Nysa (PL)
Solar PVJiangmen (CH)
Solar PV
Cheonan (KO)
Solar PV
Kobe (JP)
Solar PV
Americana (BR)
Solar PV
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Carbon neutral growth
Organic expansions and M&A: net
zero GHG emissions key criterion
in all project assessments
Net zero GHG
strategy includes:
Rechargeable
Battery Materials
manufacturing plant
in Poland: carbon
neutral as of start of production in 2021
• Cathode manufacturing: intense scope 2 activity
• Availability of low-carbon electricity supply key criteria in selection of location for Umicore’s first cathode production plant in Europe
• Use of wind, hydro and photovoltaic energy
• In addition, continuous focus on process and energy efficiency
• Strong example for other expansion projects within Umicore
CASE STUDY
Minimizing
environmental
impact
4.
An Steegen,CTO
Géraldine Nolens,
Executive Vice President
22
23
Committed to minimizing all our emissions
Metal
emissions
to air
-67%
Metal
emissions
to water
-59% -47% -67%
NOx
emissions
SOx
emissions
2015 - 2020
24
Net zero GHG
emissions
by 2035 -20% by 2025,
-50% by 2030
-25% diffuse
emissions
by 2025 (vs 2020)
Continuous
improvement
on metal
emissions
Maximizing technological
and process solutions
to minimize all emissions
25
Sustainable co-existence
through structural improvements in Hoboken
• Full encapsulation of lead
refinery
• Encapsulation of storage area
• Smart logistics based on wind speed and direction
• Real time measurement of dust
emissions
PLUS:
5-hectare green zone planned between
the plant and the residential area
Zero
harm
5.
Géraldine Nolens,
Executive Vice-President
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No
work-related
injuries• Reinforcing our processes and safety
standards
• Establishing a caring safety culture
• Coaching for safety trainings
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Zero
excess
exposure• Leading the industry by setting voluntary,
science-based exposure targets that are
more stringent than legal requirements
• All employees with a potential workplace
exposure to metals are monitored by an
occupational health program
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Ensuring everyone’s
wellbeing
at work
Mental
wellbeingSocial
wellbeing
Occupational
wellbeing
Physical
wellbeing
Wellbeing training for all
managers and supervisors,
e.g., burnout prevention
Physical health programs for all
employees, e.g., voluntary
preventive medical checks and
campaigns on general health topics
Internal initiatives aimed at
creating a sense of belonging
for all employees, no matter
the location, function, age,
gender or nationality
Offering safe and healthy
workplaces
Zero
inequality
6.
Marc Grynberg,
CEO
Promoting diversity
23%Women in management
in 2020
3131
20%Non-Europeans in senior
management in 2020
10,853Group employees in 2020
Gender parity as soon
as possible with 35% women in
management by 2030
Increased non-Europeanrepresentationin management teams by 2025
WHERE
WE ARE
TODAY
Measuring and disclosing
Pay Equality
WE
GO FOR
74nationalities
Diversity of thought
to keep us ahead
1 Awareness campaigns, unconscious
bias and inclusion trainings
2 Talent management & recruitment
based on merit, talent and resourcefulness
Fast track talent to support diversity ambitions
Recruitment to be more diverse including a
commitment to have 35% of women
in new management recruits
3 Diversity & Inclusion reviews part of
regular management processes
Initiatives launched to
increase diversity & inclusion
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Best in class
Governance
7.
Natalia Agüeros-Macario,
ESG Communications
Director
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Leveraging our unique position
To be an industry leader in sustainability
Materiality
Analysis
ESG Disclosure
Benchmarking
Technological,
material & sustainability
knowhow
FULL
DISCLOSURE ON
UMICORE’S
IMPACT
Continuous
Stakeholder Dialogue
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Governance
ESG CommitteeSupervisory Board
Reporting & overview
Management Board
Status updates & general overview
twice per year
Project plans, follow-up &
reporting
Working Groups (BUs &
Corporate)
ESG Committee
STRATEGY & TARGETS
ESG on the agenda of both the Management Board
and the Supervisory Board
Internal advisory body convened by the Management
Board to coordinate and support the ESG ambitions
Chaired by the ESG Communications Director brings
experts and leads from across the Group
to activate and report on Umicore’s ESG performance
and on progress against strategic ambitions
In addition to ongoing feedback, provides the
Management Board with half- and full-year reports
Governance
1
2
3
Supporting our ambitions and increasing disclosure
INCREASED
TRANSPARENCY
ESG
RISKS
FULL DISCLOSURE
ON IMPACT
SUSTAINABILITY-LINKED
FUNDING
• ESG governance
• Sustainability-linked remuneration
• Pursuing SBTi validation of our Net
Zero approach
• Support TCFD and begin working on an
alignment for Umicore
• Defining ambitions and targets on water
use and Scope 3 emissions reductions
in 2022
• Including on Scope 1, 2,
3 emissions and water use
• Materiality
• Expanding use of frameworks
in reporting beyond GRI, including
EU taxonomy
• Favoring sustainable instruments
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4
Materials
for a better
life
8.
Marc Grynberg,
CEO
Net ZeroGHG emissions by 2035
Zeroinequality
Zeroharm
Maximizing positive impact
Sustainability at Umicore is
not only about minimizing
the impact of our industrial
operations, but first and
foremost about creating a
positive impact on society by
harnessing all our
capabilities and bringing
solutions to address key
societal challenges,
today and tomorrow.
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