Net Zero GHG Emissions
… by 2035. Think big: carbon-neutral growth, green power, energy efficiency, plus inspiring society by developing innovative solutions that speed up the transition to a climate-positive future. As a tech company aimed at sustainability, we’re betting it all on distinctive technological approaches to decarbonization, like carbon capture and storage.
To be aligned with the Paris Agreement – limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C - Umicore is pursuing SBTi (Science Based Targets initiative) validation of net zero GHG emissions.
Scope 1 & 2 emissions
Umicore’s scope 1 GHG emissions amount to 389 kTon CO2e and scope 2 GHG emissions are 403 kTon CO2e. Today, we commit to carbon neutrality for Scope 1 and Scope 2 GHG emissions by 2035, with intermediate milestones of already reaching a 20% reduction in GHG emissions by 2025 and a 50% reduction by 2030. This ambitious goal sets a new standard for the industry and emphasizes Umicore’s pioneering role in its industry with regards to sustainability.
Net Zero GHG by 2035
Scope 3 emissions
Beyond our operations and electricity use, most of Umicore’s carbon footprint appears in our value chain. So, we will work with our partners to define an ambitious target for scope 3 emissions in line with our pursuit of SBTi validation.
Decarbonization target defined in 2022
Carbon neutral growth
As of 2021, Umicore pledges that its future growth, whether organic or through mergers & acquisitions, will be entirely carbon neutral. Our Rechargeable Battery Materials cathode manufacturing plant in Poland will be carbon neutral as of start of production in 2021.
100% carbon neutral growth