Oversight
The supervisory board plays a crucial role in in overseeing Umicore’s sustainability agenda with a dedicated sustainability committee. This committee provides complete oversight of Umicore’s sustainability agenda, strategy, policies and ESG performance.
The Executive Leadership Team is supported by a dedicated group ESG division that manages and integrates strategic ESG initiatives across Umicore Group. Business group leaders are accountable for the ESG performance within their reporting lines. Each business unit and corporate division within these groups has ESG champions who, together with the ESG team, help achieve our shared goals.
Integrated approach
Sustainability is integrated into Umicore’s business strategy through:
- Working toward decarbonization through commitment to Science-Based Targets Initiative (SBTi) validated goals for reducing Scope 1, 2 and 3 emissions.
- Strengthening the circular economy with sustainable resource management through recycling and the development of sustainable products.
- Ensuring ethical sourcing of raw materials and promoting fair labor practices across our supply chain.
- Forstering sustainable product and process innovations to deliver more efficient, low-carbon technologies.
Stakeholder engagement
Umicore maintains an open dialogue with stakeholders to gather insight and ensure our sustainability initiatives are in keeping with their expectations. We accomplish this through regular consultations like forums, surveys and other direct contact to gather input on our sustainability strategy. We also work with industry associations, non-governmental organizations and other partners to advance sustainability across our value chain.
Sustainable growth
We are a key player in the transition to a low-carbon economy. We integrate sustainability into our strategy, making sure that we are resilient today and into the future. This includes favoring sustainable funding instruments for growth, making environmental consciousness crucial for our long-term success.
Our approach not only supports our sustainability strategy but is consistent with our broader business goals to incorporate sustainable development throughout all our operations. This leads to long-term value creation while creating a more sustainable future for all.