Umicores industrial and commercial operations as well as R&D activities are located across the world to best serve its global customer base. Copyright 2022 Sustainalytics. 9B0 3xbCh 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.
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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. /Ascent 712
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In early January 1967, the UMHK was nationalized by the regime of President Mobutu Sese Seko,[10] and over $800 million of the company's assets were seized by the state. Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues. (J( ( )( All Rights Reserved. ( (`QE QE1 EPES ( )QE QE QIE1Q@QL(J)QE QE( ( (`QE RQLbE QE0 | nikkie@finchandbeak.com, Finch & Beak ( This also included the companys commitment to the UN Declaration of Human Rights and the International Labour Organizations core labor standards. /SM 0.02
Umicores overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life. Systemic Context Variation, working paper, Gazing at the " Blue Ocean " , and Tapping into the Mental Models of Conservation: Reflections on the Nara+20 Document, Strategies for sustainable socio-economic development and mechanisms their implementation in the global dimension, The Innovation Management Theory Evolution Map, Study of etymology of concept the economic diagnostics of agricultural enterprises/Bezpartochna O., Britchenko I.// VUZF Publishing House St. Discover our metrics on 439 european stocks. /Type /ExtGState
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Usage is permitted to the related "rated" company mentioning AlphaValue as a source.
w !1AQaq"2B #3Rbr Usage as a credit rating or as a benchmark is not permitted. However, scoring and qualitative assessments can be updated more frequently due to events assessment changes and corporate governance assessment changes, which are updated according to more frequent and different update cycles. Leverage Sustainalytics' ESG Risk Ratings to understand and promote your corporate ESG performance with internal and external stakeholders. [29] Other sources of materials used for recycling include slag, spent fuel cells, automotive and industrial catalysts and scrap electronic equipment. (Q@Q@QLJ( (QE(`QE RQ@Q@QL(0( ( )QIE QE0 )-$cIse)l3&pH.oTj;5Q)~#.e_g]UJ Hx\NVnc6
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9JNB]'~=PGzNA'8{lkd G#oID=x'8yGc}i5&,8)I41}@":YMe2? /Width 245 Exposure refers to the extent to which a company is exposed to different material ESG issues.
[9] As a reflection of its enforced departure from the Katanga Province, the new, simplified name Union Minire was adopted. The case was prepared as a basis for class discussion rather than to illustrate either effective or ineffective handling of a business situation. 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.
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Usage as a benchmark is not permitted. <<
Performance Materials concentrates on the production of specialised items, chiefly from precious metals and zinc.
Founded in 2007, AlphaValue is the world's leading provider of Independent European Equity and Credit Research. endobj
We provide comprehensive, unconflicted research-only (no execution, no corporate finance) coverage of c. 462 European mid and large cap stocks. (P )QE QIE1Q@QL(AE%( (`QE Don't miss out: subscribe and receive monthly news on ESG and sustainable business. )(EPES (QE(
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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. /ccedilla /egrave /eacute 235 /edieresis 237 /iacute 244 /ocircumflex ]
This documentary-style series follows investigative journalists as they uncover the truth, Trump Cant Be Blamed by Militia Group at Jan. 6 Trial, US Says, Markets Face Downside After July Jump: Bridgewaters Patterson, China Probes Government, Bosses as Chip Race With US Heats Up, Permira Is in Lead to Buy Reorg Research From Warburg Pincus, Alibaba Added to SEC List of Chinese Firms Facing Delisting, US, South Korea Vow to Expand Drills After Kim Jong Uns Threat, House Passes Assault Weapons Ban, Faces Little Chance in Senate, Asia Has New Richest Woman as Property Crisis Reshapes Fortunes, Calstrs Posts 1.3% Loss for Latest Fiscal Year After Market Rout, Review: Beyonc Escapes to Dance World in "Renaissance", Neil Patrick Harris Is Suddenly Single in Comedy 'Uncoupled', Chips Act Skips US Leaders for Asian Winners, The FourMysteries of Pelosis Troublesome Taiwan Trip, Manufacturers That Sell to Consumers Feel the Pinch, The Indian Governments Fight Against Fake NewsTargets Political Dissent, Jazzercise Is Alive and Kicking Decades After It Got Started, US Banks Passed the Latest Stress Test, But Are Still Unhappy, UAW Head Says Battery-Worker Pay Must Match Assembly Wages, Teen Has Raised $1.5 Million for Abortion Funds in the Week Since Matt Gaetz Mocked Her, Over Half of Britons Were Net Welfare Recipients During Pandemic, House Approves Bill to Help West Fight Wildfires, Drought, Southwest Rains Flood Deserts, Cascade Into Vegas Casinos. [41] The germanium substrates in the car's solar cells were also provided by Umicore. (QL((aE% QE(`RQ@PE%( (`QE QE RQLaEPIE0 14 0 obj
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EU Sustainable Finance Action Plan Solutions, Morningstar Sustainability Rating for Funds, Learn more about our Peer Performance Insights solution, Connect with us about an ESG Risk Rating License, Download our product brochure to learn about our product solutions. You can download the paper by clicking the button above. This article is largely based upon an IMD case study on Umicore (2016, IMD-7-1708) by Jan van der Kaaij, managing partner Finch & Beak, under the supervision of Dr. Benoit Leleux, Stephan Schmidheiny Professor of Entrepreneurship and Finance at IMD, Lausanne. /OPM 1
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,U,?pStYS!c^D: ( This impressive achievement was driven by strong underlying operational performance in all business groups and was further supported by an exceptional precious metal price environment. /FirstChar 2
Its activities are organised in three business groups: Catalysis, Energy & Surface Technologies and Recycling. endobj
March 25, 2022 09:00 ET
3 e1Ja}&Ia8a xi6x#[zV6~xM} _5y#gi;Zlk`Xk5$3:'h0[!,>> ( /Subtype /Image There are five business units: It also comprises a 40% shareholding in Element Six Abrasives, a joint venture with De Beers. endobj
We unveiled our new ambitions and announced explicit targets for 2030 and beyond. ( 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.
The JV will be a contributor to the ambitions of the European Green Deal, including the establishment of a European sustainable battery supply chain. /Subtype /Type1C
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We care about your privacy. [24] The unit is headquartered at the company's plant in Olen near Antwerp, with production and commercial facilities in a number of countries worldwide. ( /CropBox [ 0 0 612.283 790.866 ]
Alphavalue's approach relies on 4 independent pillars which are all based on proprietary data and methodology. 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. Initially the UMHK concentrated on mining the state's extensive copper deposits, before diversifying into cobalt, tin, uranium (in which it at one point held a near-monopoly in global supply) and other precious metals. 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. $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ? 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. 500 500 500 500 519 519 519 500 519 500 185 500 500 500 500 500 500 556 ]
The case does not represent the official views or position of Umicore or its management. As underlined by the companys newly launched Horizon 2020 strategy, Umicore is all-in on sustainable innovations that address some of societys largest challenges. The company divides its operations into four divisions: Energy Materials, Recycling, Catalysis, and Performance Materials.
Finally, I would like to thank all our stakeholders for their contribution to our success in 2021, most especially the Umicore colleagues.. Emission or consumption per of capital employed on . | Source:
Formed in 1989 by the merger of four companies in the mining and smelting industries, Umicore has since reshaped itself into a more technology-focused business encompassing such areas as the refining and recycling of precious metals and the manufacture of specialised products from precious metals, cobalt, germanium, zinc, and other metals. Meanwhile, parent company Suez had finalized its exit and the company was now independent and publicly-listed, without a single dominant shareholder. 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. 4 0 obj
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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.
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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.
[24] The division also produces and markets products of germanium, both in compounds for doping optical fibres, semiconductor wafers and infrared optics. Umicore has three business segments: catalysis, recycling, and energy & surface technologies. ( /OP false
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[26] Umicore is the world's largest recycler of precious metals. ?Y;j}.HQ|58:UI>280\8PUZ,/
. 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. {n8@`]IU gKzcDdb|6_=mRiix.?aR|J2Sa)&CH&)T'Y0+ybWBwmlJaH;DVqUl?#W$$C2;]gU?_IGQlt@#vv*Z/Q~~MR6a*qk]%n 574 315 481 296 537 463 741 481 463 463 500 500 500 600 500 500 556 500 1000
Vtl:Z8Td.>q.pUFnzriheR|#Eu-jyGmgy7GqiI%dS_[cy3Cf&oVFJOV>!>w2g r=Erec47aHxAx0piJfMGIr0ahaQE QE QE QE QE QE QE QE QE QE QE QE gkSCe|\oixW`2kwwatjL|AX+o{#2iPPsB%Wao>lSX6j#.a8Kjt X$Z,TSfuDl+!_ 1yz~Rz}qT5I-t-+"70}*tm2#atyeowN[LN? 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. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. /op true
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The company also constructed casting and smelting facilities,[9] eventually growing to such an extent that it represented around half of all revenues taken in by the Congolese government. 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. /FontFile3 17 0 R
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The hard work started to pay off demonstrated by a strong financial and non-financial performance.
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The choice was made to only retain business areas that (1) had the possibility to be among the top 3 players in the world, (2) enjoyed clear, long-term competitive advantages, and (3) could embed social and environmental responsibility objectives. 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 519 500 519
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Umicore, Umicore publishes Integrated Annual Report 2021. Our management score assesses the robustness of a company's ESG programs, practices and policies. ( 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%). <<
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[42], Multinational materials technology company, "Umicore announces Mathias Miedreich to succeed as CEO", "INM seeking exploratory talks over legal claims following data breach", "Umicore (UMI.BR) stock price, revenue, and financials", "Euronext Brussels BEL 20 - Historical composition", "The Name is New but the Commitment Remains", "Union Miniere Values Its Assets Seized by Congo at $800-Million", "Congolese to Pay for Seized Assets; Kinshasa Reaches Pact With Union Miniere of Belgium", "Significant improvement of the current profit", "Diamant Boart, a subsidiary of Union Minire, to be acquired by Candover", "The World's Most Sustainable Companies Of 2014", "Umicore is awarded the Fray International Sustainability Award in Mexico", "Umicore human rights guidelines for mining operations", "Rising wood prices hit Europe's papermakers", "Raw Materials Refining: Industrial By-Products", "Umicore Address Book: Precious Metals Refining", "Umicore discovers the catalyst for growth", "Umicore acquires Delphi's automotive catalyst business for 55.6 mln usd", "Umicore to acquire Haldor Topsoe's heavy duty diesel and stationary catalyst businesses", "Dutch solar-powered car, Nuna4, shines in Outback race", https://en.wikipedia.org/w/index.php?title=Umicore&oldid=1085945819, Multinational companies headquartered in Belgium, Articles needing more detailed references, Articles with dead external links from May 2019, Articles with permanently dead external links, Articles with dead external links from July 2018, Articles with dead external links from January 2022, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Building Products (the production of zinc-based items for the, This page was last edited on 3 May 2022, at 09:07. 2 0 obj
With a heritage dating back to 1805, Umicore underwent a remarkable transformation over the last two decades. [26] Production is headquartered at Umicore's precious metals facility in Hoboken near Antwerp, with other plants in Germany and the United States.
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Under the new name Umicore, the company critically re-evaluated its portfolio of businesses. stream
[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. endobj
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.
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. /Type /XObject !E?z/kNUAr#(( ( ( ( Bp2x,Zfm^ug}2+Sj"
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Umicore
Natalia Ageros-Macario +32 2 227 71 02 natalia.agueros@umicore.com, Annelies Storme +32 2 227 71 02 annelies.storme@umicore.com, Eva Behaeghe +32 2 227 70 68 eva.behaeghe@umicore.com, Adrien Raicher +32 2 227 70 68 adrien.raicher@umicore.com, Marjolein Scheers +32 2 227 71 47marjolein.scheers@umicore.com, Caroline Jacobs +32 2 227 71 29 caroline.jacobs@umicore.com. Mining, originally the lifeblood of the company, no longer plays a direct part in the business: a minority stake in zinc producer Padaeng Industry, which operates a mine in the north of Thailand, was Umicore's last remaining presence in the sector[22] and was sold in April 2008. stream /Height 3754 /Contents 13 0 R
The strategic assessment kickstarted a major renovation process. [25], The Recycling business segment covers four main activities: its core business is the recycling and refining of various precious and other non-ferrous metals, as well as certain nonmetals such as selenium. 6 0 obj
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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. Umicore N.V.. formerly Union Minire, is a multinational materials technology company headquartered in Brussels, Belgium. /StemH 53
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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. This ensured the encapsulation of sustainability into the core of the Umicores activities.
[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]. 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. This partnership will further diversify our customer base and will support VW in their ambitious electrification strategy. Umicore SA offers solutions to treat pollutants, metals, and other industrial materials. /Length 4986
Our exposure score takes into consideration subindustry and company-specific factors such as its business model. << 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. 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. ==p;Q#ST`-=^.Z$y{`).
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Recycling solutions apply to battery components, metals, platinum engineered materials, and other applications. /Length 1602 NYC Wants In-Person Dining Back. JFIF ` ` C
The company provides automotive emission systems for light and heavy-duty vehicles and transforms pollutants into harmless gases. )((EPESQE QE%Q@QL(( (`QE
Umicore - the materials technology and recycling group has published its 2016 Annual report. All rights reserved. Sustainalytics ESG Risk Ratings are typically updated once per year.
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