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/copyright 174 /registered 176 /degree 224 /agrave 226 /acircumflex 231 /BitsPerComponent 8 umicore advocacy ( [11], The firm suddenly found itself without the vast majority of its business (despite later receiving financial compensation for the physical assets seized by Mobutu's regime)[12] but managed to survive: full ownership passed to conglomerate Socit Gnrale de Belgique, where it was grouped with its other metals and mining interests. Grigorii Bogoslov, Sofia, 2019, Towards ecological management: Identifying barriers and opportunities in transition from linear to circular economy, Global Value Chains from a 3D Printing Perspective, The Global Transformation of Materials and the Emergence of Informal Urban Mining in, Mushroom Packages An Ecovative Approach in Packaging Industry, Experience driven Strategy - Placing the customer experience at the center of the organizational strategy, Innovating Innovation: Deliver Meaningful Experiences in Eco-systems (Gardien, Deckers, Christiaansen), WATER TECHNOLOGY FUTURES: A GLOBAL BLUEPRINT FOR INNOVATION, Innovation Concepts and Typology An Evolutionary Discussion, Sustainable Technology and Business Innovation Framework A Comprehensive Approach, Investigating the Patterns of Value-Oriented Innovations in Blue Ocean Strategy, Critical Insights from a Government Line of Attack - Volume 5, Recycling toward Rare Earths Security (2015), Elements in Everything: Current profile and future trends for the Australian chemicals and plastics industry, GREEN INDUSTRIAL POLICY BOOK AW WEB 2018.pdf, GREEN 2017 - The Second International Conference on Green Communications, Computing and Technologies, Renewable energy as a trigger for industrial development in Morocco, Conceptualization of business excellence model with a grand theory approach ARTICLE INFO, CASE STUDY Utilizing the VFBOP model for entry into emerging markets: Grameen Danone Foods, Sustainability Hotspots Analysis of the Mobile Phone Lifecycle, Company Analysis The Beginning Step for Scholarly Research. /Type /XObject

{n8@`]IU gKzcDdb|6_=mRiix.?aR|J2Sa)&CH&)T'Y0+ybWBwmlJaH;DVqUl?#W$$C2;]gU?_IGQlt@#vv*Z/Q~~MR6a*qk]%n [24] The division also produces and markets products of germanium, both in compounds for doping optical fibres, semiconductor wafers and infrared optics. /SM 0.02 Where investors are keen to learn how companies plan to keep up with these long-term changes and trends, such as commodity prices, climate change and resource scarcity, companies tend to emphasize their performance on more operational topics such as environmental management and health & safety. Please read how your data is collected and processed in ourprivacy notice. /quotedblright /quoteleft /quoteright 147 /fi /fl 167 /section 169 This ensured the encapsulation of sustainability into the core of the Umicores activities. 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 519 500 519 The ESG Risk Ratings can help investors to identify, understand and manage ESG risks at the security and portfolio level with the aim of improving the long-term performance of their equity and fixed income securities. /TrimBox [ 0 0 612.283 790.866 ] Founded in 2007, AlphaValue is the world's leading provider of Independent European Equity and Credit Research. !(!0*21/*.-4;K@48G9-.BYBGNPTUT3? endobj (J( ( )( /Type /FontDescriptor Finally, I would like to thank all our stakeholders for their contribution to our success in 2021, most especially the Umicore colleagues.. /Subtype /Image (Q@Q@QLJ( (QE(`QE RQ@Q@QL(0( ( )QIE QE0 [26] Production is headquartered at Umicore's precious metals facility in Hoboken near Antwerp, with other plants in Germany and the United States. Addressing its historical legacy and showing pro-active environmental management leadership, Umicore embarked on a massive site-remediation, a sizeable 174 million investment spread across major sites in Flanders, Wallonia, Bulgaria, the Netherlands and France. It offers a comprehensive and integrated view of our economic, financial, environmental, value chain and social performance for 2021. Shareholders became more optimistic about the companys business prospects, and in 2013 Umicore was named the worlds most sustainable company by Corporate Knights, receiving praise for its focus on clean technologies, including emission-control catalysts, materials for rechargeable batteries and photo-voltaics, and advanced recycling. /SM 0.02 (?

7 0 R /F6 8 0 R >> /Shading << /Sh6 9 0 R /Sh7 10 0 R /Sh8 11 0 R /Sh9 Usage is permitted to the related "rated" company mentioning AlphaValue as a source. These insights can be used to identify areas of ESG improvement to help inform future management decisions that align with your organization's sustainability goals. @ XDep-~ao~DFJvY`U#3%\3|@&ZoNnN"xZZ5e{E_1xIW1($UrvYVmZ-3Fb2&F!bM?$?H?&^/n[d6O z9X:$KJgr=>Y`8b_unm&JRa))NX0Ga/ C9pepj|T]s;$VF5,y kL2;]1Zm(CAfTx2LnFB L 4 0 obj The Recycling segment, based in Hanau, Germany, also encompasses a management unit, which sells precious metals in ingot form to industrial clients and offers access to related financial instruments for hedging purposes. %PDF-1.7 Under the new name Umicore, the company critically re-evaluated its portfolio of businesses. !E?z/kNUAr#(( ( ( ( Bp2x,Zfm^ug}2+Sj" wB;Zu""#)su`t-%- QE QE QE QE U,e|g5i]Wcz6Uy#kju}laV~->n<=4H{nIyjvD 'r,}Ek9^8?hhH$sW7c5IwJ}+KO=d;gs;m:`"YMwe5!mD@. /FontBBox [ -166 -214 1050 967 ] !(!0*21/*.-4;K@48G9-.BYBGNPTUT3? [40], The company serves as title sponsor of the Agoria Solar Team[nl], the Leuven-based entrant in the 2005, 2007 and 2009 editions of the World Solar Challenge, a solar-powered car race through the Australian Outback. << /MediaBox [ 0 0 612.283 790.866 ] ( ( Meanwhile, parent company Suez had finalized its exit and the company was now independent and publicly-listed, without a single dominant shareholder. [13] The much enlarged company was initially renamed Acec-Union Minire[13] (although the prefix was dropped in 1992)[14] and subsequently set about streamlining its organisational structure, but the global economic downturn of the early-to-mid-1990s hit profits[9] and forced management to implement a major restructuring programme in 1995. )(AES ( ((J( )( J((J( )QIE At 9 February 2011, five institutions had declared holdings of 3% or greater in Umicore: the company itself in treasury stock (6.19%), Fidelity International (6.75%), BlackRock (8.33%), Ameriprise Financial (3.00%) and Fidelity Management and Research (3.22%). Umicore's Management of ESG Material Risk is Strong. /ccedilla /egrave /eacute 235 /edieresis 237 /iacute 244 /ocircumflex ] v#}mD7)0hl NH]g=]8y *h8fL4>wkPO ^ /OP false 500 500 500 500 800 500 400 500 500 500 500 500 500 500 500 500 500 500 500 We launched our Lets Go For Zero ESG strategy (Zero GHG emissions, Zero Harm, Zero Inequality) which was an important milestone in our long sustainability journey. In a more pro-active and open manner, Umicore applied corporate communications to display its good practices. The case was prepared as a basis for class discussion rather than to illustrate either effective or ineffective handling of a business situation. At the same time, we are developing the strategic directions for Umicore towards 2030 and will be sharing these with our stakeholders at our upcoming Capital Markets Day on 22 June. /op true /Type /Encoding 574 315 481 296 537 463 741 481 463 463 500 500 500 600 500 500 556 500 1000 endobj [29] Other sources of materials used for recycling include slag, spent fuel cells, automotive and industrial catalysts and scrap electronic equipment.

9B0 3xbCh [18], Umicore now "generates the majority of its revenues from clean technologies, such as recycling, emission control catalysts, materials for rechargeable batteries, and photovoltaics". Umicore N.V.. formerly Union Minire, is a multinational materials technology company headquartered in Brussels, Belgium. /colon /semicolon /less /equal 64 /at /A /B /C /D /E /F /G /H /I /J /K /L /M 5 0 obj w !1AQaq"2B #3Rbr By way of exception, usage is permitted only to the rated company, limited to a single reference of its own information in annual reporting and sustainability website, mentioning Sustainalytics as a source. /op false Systemic Context Variation, working paper, Gazing at the " Blue Ocean " , and Tapping into the Mental Models of Conservation: Reflections on the Nara+20 Document, Strategies for sustainable socio-economic development and mechanisms their implementation in the global dimension, The Innovation Management Theory Evolution Map, Study of etymology of concept the economic diagnostics of agricultural enterprises/Bezpartochna O., Britchenko I.// VUZF Publishing House St. Sorry, preview is currently unavailable. << The need for cleaner air has never been greater, the adoption of electrified transportation has started to accelerate and resource scarcity continues to be a pressing concern, particularly for those metals that are essential for cleaner mobility and new communications technologies.Marc Grynberg, Umicore CEO, Umicore Publishes Integrated Report 2016: Elements for Success. % For more information, visit the Umicore website or contact Nikkie Vinke directly in case you are lookingfor sustainable innovation within your organisation via nikkie@finchandbeak.com or call +31 6 28 02 18 80. /Flags 4 JFIF ` ` C [7], The main thread running through much of Umicore's history is the Union Minire du Haut-Katanga (UMHK), a company incorporated in 1906[8] to exploit the vast natural resources of the Congo Free State, later the Belgian Congo and now the Democratic Republic of the Congo. The team finished in second in the 2007 race.

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As a formal commitment to employees and other stakeholders, Umicore signed a Global Framework Agreement in collaboration with workers union and federations, covering an array of issues such as human rights, working conditions and environment. +(AES (b >> 15 0 obj endstream In automotive catalysts, a field in which the company had begun research in 1968,[33] the company ranks third in global market share[34] behind BASF Catalysts (formerly Engelhard) and Johnson Matthey. } !1AQa"q2#BR$3br It is ranked as one of The Global 100's "Most Sustainable Companies in the World"; in 2013 it was the top-ranked company and in 2014 it was in ninth place. Recycling solutions apply to battery components, metals, platinum engineered materials, and other applications. Copyright 2022 Sustainalytics. Umicore posted all-time record results and cash flows in 2021, despite severe disruptions in global car production in the second half of the year. As underlined by the companys newly launched Horizon 2020 strategy, Umicore is all-in on sustainable innovations that address some of societys largest challenges. When Thomas Leysen became the new CEO in May 2000, he set out the path to transform the company, which at this point was essentially a non-ferrous mining company, into an international materials-technology group. Highest Controversy level that has impacted Umicore's ESG Risk Rating in the last three years. Going through a global economic slump and a change of parent company during the 1990s, the merged organization was eager to make some big changes. 4 0 obj /FontName /BKSIIA+HelveticaNeueLTStd-Lt endobj /Contents 13 0 R

Unless otherwise explicitly agreed in writing, usage for products and services, index creation, derivative work, portfolio or fund management, or any other usage are not permitted. Umicore GROUNDING THE BLUE OCEAN STRATEGY ON TECHNOLOGICAL INNOVATIONS AND NETWORK EXTERNALITIES, Exploration of qualitative success factors of innovative e-business startups: blue ocean strategy versus dynamic capabilities, TRANSFORMING THE NATURE AND SCOPE OF STRATEGY FORMULATION: A LONGITUDINAL STUDY MEASURING THE EFFECTS INDUSTRY CLOCKSPEED BENCHMARKING HAS ON BLUE OCEAN STRATEGY, Reviewing the Blue Ocean Strategy Is the Blue Ocean Strategy valid and reliable, THE SCARCITY OF NATURAL RESOURCES AND ITS ORGANIZATIONAL IMPLICATIONS: A REVIEW AND CONCEPTUAL FRAMEWORK, Design Driven Innovation as a Differentiation Strategy -in the Context of Automotive Industry, Circular Economy: The Beauty of Circularity in Value Chain, Creating Firm, Customer, and Societal Value: Toward a Theory of Positive Marketing, Integrating The Business Model Puzzle: A Systematic Literature Review, [Fons Trompenaars, Piet Hein Coebergh] 100+ Manage(z-lib.org) (1), Working Paper Systemic Context Variation v 2.0 (04/2014), Da Vinci 3.0. /Rotate 360 The information provided is for informational, non-commercial purposes only, does not constitute investment advice and is subject to conditions available in our Legal Disclaimer. 5 0 obj /Subtype /Image

Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues. Approximately half of the total sales derive from Europe, but the company has a worldwide presence and capabilities to reach many different regions. Usage as a credit rating or as a benchmark is not permitted. Its activities are organised in three business groups: Catalysis, Energy & Surface Technologies and Recycling. /FontDescriptor 15 0 R 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 556 500 800 Notice: The information provided is for informational, non-commercial purposes only, does not constitute investment advice and is subject to conditions available in our Legal Disclaimer. << BT8A"(*SQXj"GM&S*J%RIT2BRT.OPT1UFmJ- ]e_~q4))iI9/_%?s^Co7%*AEbbRST[{z5^6]5uIz[;wqog~n{{vK$]Z_}s*nuy@FZrXild-*n2G3}IwCgFi e-f1_m~\G#'2J. The implied free float of the company is 100%.

( /ItalicAngle 0 The JV will be a contributor to the ambitions of the European Green Deal, including the establishment of a European sustainable battery supply chain. /period /slash /zero /one /two /three /four /five /six /seven /eight /nine Umicore, Umicore publishes Integrated Annual Report 2021. >> w !1AQaq"2B #3Rbr ((AES( (`RQ@Q@(QE(Q@Q@J)QE QE1Q@PES (QE RQL(AES (QE0 xXy\WaQaNE (9"r)"c@99$A 1K\4cttQ`(w|6o^7UQNL&>!a/JYqcc ;\T;HL!3n-qp&o&(%e12PR??p^yQ9!CHhcg ( [6], To symbolise this trend of moving away from mining and the production of commodities and base metals, the group Union Minire changed its name to Umicore in 2001. )(EPES (QE( /Producer (pdsplit 4.8.25.2 $pdf-tools.com$) 2 0 obj Usage as a benchmark is not permitted. In 1989 however, Socit Gnrale announced plans to merge Union Minire with three other Belgian metals companies in which it held a significant stake: zinc producer Vieille Montagne (with a history stretching back to 1805); Metallurgie Hoboken-Overpelt[nl], which dealt in a wide range of metals including copper, cobalt, and lead; and Mechim, an engineering firm. Following a turbulent colonial past, the merger of four Belgian mining and metals companies in 1989 laid the foundation for what would soon become Umicore. >> Umicore today published its 2021 Integrated Annual Report. N69Y\t:PV, ,U,?pStYS!c^D: The Group generated revenues (excluding metal) of 4.0billion (turnover of 24.1billion) and employed 11,050people in 2021. Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. /Height 3754

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( ( /Descent -247 The company provides automotive emission systems for light and heavy-duty vehicles and transforms pollutants into harmless gases. The report is available in English and Dutch on www.umicore.com. eHSE? T@/.6g&cYEqE%Ys3dcJyYl}qNQa9yFr3(\?+f> [Y'(ED(@e,*$YJ*) ggSb(qd'JTrX/QjPZj Q/RMP5zBL Qp* March 25, 2022 09:00 ET Since then, we have implemented a new ESG governance organization that will allow us to steer the progress in achieving our ESG targets, we have committed to SBTi to ensure that our low-carbon transformation journey is aligned with climate science, we have concluded various green PPAs, we have begun reporting using the recommendation of the Task Force on Climate-related Financial Disclosures and we have signed an inaugural 500 million sustainability linked loan. /BitsPerComponent 8 endobj Umicore - the materials technology and recycling group has published its 2016 Annual report. Umicores overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life.

/g /h /i /j /k /l /m /n /o /p /q /r /s /t /u /v /w /x /y /z 126 /asciitilde Jewellery and Industrial Metals produces semi-finished precious metals-based products, for jewellery and industrial applications and is a major recycler of scrap and residues from the jewellery industry. (P )QE QIE1Q@QL(AE%( (`QE << /LastChar 244 ( [9] As a reflection of its enforced departure from the Katanga Province, the new, simplified name Union Minire was adopted. /Filter /DCTDecode The hard work started to pay off demonstrated by a strong financial and non-financial performance. } !1AQa"q2#BR$3br /OP true Banks and lenders can use our ESG Risk Ratings and data as a part of a broader analysis of their clients as well as for innovative product solutions such as sustainability linked loans. ( Performance Materials concentrates on the production of specialised items, chiefly from precious metals and zinc. /FirstChar 2 Umicore increased its presence in the sector with the June 2007 purchase of the catalyst division of troubled American auto parts manufacturer Delphi for $55.6 million. ]c\RbKSTQ C''Q6.6QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ " In a joint effort, GRI and RobecoSAM investigated the most material issues in the Mining, Metals and Electric Utilities sectors from both the company and investor perspective (refer to download section). ( With a heritage dating back to 1805, Umicore underwent a remarkable transformation over the last two decades. This also included the companys commitment to the UN Declaration of Human Rights and the International Labour Organizations core labor standards. Enter the email address you signed up with and we'll email you a reset link. The Umicore case shows how this company was decades ahead of its industry and managed to address both the operational and strategic issues of metals and mining by transforming towards a strong new player in the circular economy. The copper and zinc businesses were divested and spun-off, and some large strategic acquisitions were made, among which Precious Metal Group, a leading global producer of car catalysts, and specialty chemicals company Hall. << One great example is Umicore;a company that emerged from the mining industry and found a way to stay ahead of the curve by taking the strategic challenges that the sector is facing head on. ;Q:6-j_ 1YsIaku6W[a ?hsLa.UZ?? $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ? >> [23] Umicore's copper extraction and refining operations were divested in 2005, with its zinc refining operations following in 2007; these now form part of Aurubis and Nyrstar respectively. The report provides an integrated view of Umicores progress towards its Horizon 2020 goals of becoming a leader in clean mobility materials and recycling, doubling its earnings, bringing greater balance and focus to its portfolio and turning its sustainability credentials into a greater competitive edge. /Length 3774 The company has been a component of Belgium's benchmark BEL20 stock market index since its 1991 inception. /ColorSpace /DeviceRGB /CropBox [ 0 0 612.283 790.866 ] %PDF-1.4 [19][20] In 2011, the company was awarded with the Fray International Sustainability Award for developing breakthrough technologies for recycling lithium-ion batteries, and establishing significant environmental protection initiatives.[21]. Academia.edu no longer supports Internet Explorer. Each business group is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life. ( Don't miss out: subscribe and receive monthly news on ESG and sustainable business. Visit our dedicated reporting center:http://annualreport.umicore.com/home/The past year has shown clear evidence that the three megatrends that drive the growth of our business are becoming more pronounced. Alphavalue's approach relies on 4 independent pillars which are all based on proprietary data and methodology. Management refers to how well a company is managing its relevant ESG issues. [30], Battery Recycling is a second business unit, focused on the recycling of spent rechargeable batteries from laptops, mobile phones, and hybrid electric vehicles.[31]. 1 0 obj [26] Umicore is the world's largest recycler of precious metals. << Sustainalytics ESG Risk Ratings are typically updated once per year. ]c\RbKSTQ C''Q6.6QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ V " /Width 245 (

/SA false Our management score assesses the robustness of a company's ESG programs, practices and policies. endobj The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. In early January 1967, the UMHK was nationalized by the regime of President Mobutu Sese Seko,[10] and over $800 million of the company's assets were seized by the state.

A Legal Showdown Over Section 8 Discrimination Is Brewing in Dallas Suburb, FDICs Message to Crypto Investors: Digital Assets Arent Insured, Troubled Crypto Lender Babel Lost Big While Trading Client Funds, Ex-Voyager Executive Explores Competing Restructuring Plan for Crypto Lender. /ampersand /quotesingle /parenleft /parenright 43 /plus /comma /hyphen Unleash the $4.5 trillion circular economy opportunity in your business, Catching the Right Opportunities and Making Them Work, RobecoSAM and GRI on Defining Materiality 2016.pdf, Jumpstarting Your Circular Economy Program. 128 /bullet /dagger 131 /ellipsis 133 /endash 141 /quotedblleft )((EPESQE QE%Q@QL(( (`QE 17 0 obj Umicore SA offers solutions to treat pollutants, metals, and other industrial materials. (Q@Q@ EPEP0`QE Umicore - the materials technology and recycling group has published its 2016 Annual report. /Ascent 712 ( It generates the majority of revenue from cleaning technologies, including emission control devices, components for rechargeable batteries, and recycling solutions. /Type /Page

<< 500 500 500 500 500 500 500 500 500 500 500 500 500 500 278 500 500 556 556 /Filter /FlateDecode Umicore is aiming for full disclosure on impact and value to society, with increased reporting, as well as expanded reporting framework use. /CapHeight 727 648 537 833 704 741 630 741 667 630 556 685 593 907 574 611 574 500 500 500