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European Climate Pact

Overview

Location

Belgium

Sector

Non-electric utilities

Organisation type
Business

Company Information

Umicore is a circular materials technology company with an expertise in the fields of material science, chemistry and metallurgy. The group is based in Brussels, Belgium. In 2021 it reported a turnover of 24.1 billion Euro and 11,050 employees.

 

GHG Emissions

Our actions – the Pathway

  • Umicore has a target to reduce absolute scopes 1 and 2 CO2e emissions 50% by 2030 from a base year of 2019. This is a year-on-year reduction rate of 4.5% over the next 9 years.
  • Umicore has a target to reduce absolute scopes 1 and 2 CO2e emissions 100% by 2035 from a base year of 2019. This is a year-on-year reduction rate of 6.2% over the next 14 years

Pledge: Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Water

Our actions – the Pathway

  • Work towards the yearly reduction of % of water withdrawn from areas with water stress 
  • Publicly disclose data on water-related impact to investors through a public platform
  • Have board-level oversight of water issues
  • Integrate water-related issues into the company's long-term business objectives
  • Regularly monitor and measure key water security metrics at least for 75% of the company's facilities

MRV: Pact MRV in place

Status date: Submitted (02/08/2022)

Data source: CDP Water 2022

 

Governance & Strategy

North Star

  • Umicore have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings

​​​​​​​MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022