Umicore’s ESG ambitions is supported by best in class governance – enabled through a dedicated, cross-discipline ESG committee acting as an interdepartmental advisory body convened by the Management Board.
In addition to ongoing feedback, the ESG committee provides the Management Board with half- and full-year reports. ESG is on the agenda of both the Management Board and the Supervisory Board.
The ESG ambitions will be translated in the integration of sustainability-linked KPIs in management’s variable remuneration.
By zero regrets, we mean full disclosure – full disclosure on our impact.
Giving full disclosure of the environmental impact of our operations and integrating climate-related risks and opportunities into our strategic processes.
By defining alignment with the Task Force on Climate-Related Financial Disclosures, we want to empower our shareholders to channel their energy, influence and investment to sustainable solutions, supporting the transition to a resource-efficient, low-carbon economy.
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.
Everything we do, we do openly, honestly and ethically. By zero regrets, we mean environmental and social due diligence. Making conscious choices. Continuing to prioritize ethics in the supply chain. And being completely transparent about it.
Umicore has developed a Corporate Governance Charter in line with the recommendations of the Belgian Corporate Governance Code. The Corporate Governance Charter is the reference document which details all governance structures, procedures and policies in place at Umicore.
Umicore believes that success depends upon a relation of trust and professionalism with our main stakeholders, namely our employees, customers, suppliers, shareholders, our neighbors, the governments and authorities in the communities in which we operate. Our Code of Conduct is fundamental to creating and maintaining that relation of trust.
We value a continuous dialogue with our stakeholders, to understand and meet their expectations, and maximize our positive impact on society. In the lead up to our “Let’s go for Zero” sustainability strategy, we turned to our stakeholders to define materiality: mapping what was most important to them and where Umicore had the greatest impact.
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