Umicore

Umicore, headquartered in Belgium and operating in Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum), reported total carbon emissions of approximately 6.31 billion kg CO2e in 2025. This figure comprises 314.39 million kg CO2e from Scope 1 emissions, 228.99 million kg CO2e from Scope 2 (market-based), and 5.77 billion kg CO2e from Scope 3 emissions.

In the preceding year, 2024, Umicore's total emissions were approximately 6.74 billion kg CO2e, with Scope 1 at 283.02 million kg CO2e, Scope 2 (market-based) at 286.29 million kg CO2e, and Scope 3 at 6.17 billion kg CO2e. For 2023, the company reported Scope 1 emissions of 317.91 million kg CO2e and Scope 2 (market-based) emissions of 314.10 million kg CO2e, with Scope 3 emissions reaching approximately 7.25 billion kg CO2e.

Umicore has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). The company aims for Net Zero Greenhouse Gas (GHG) emissions in Scope 1 and 2 by 2035, using a 2019 baseline. Intermediate targets include a 20% absolute reduction in Scope 1 and 2 GHG emissions by 2025 and a 50% absolute reduction by 2030. Additionally, Umicore commits to reducing Scope 3 GHG emissions from purchased goods and services by 42% per tonne of material procured by 2030, also from a 2019 base year. This Scope 3 target focuses on Category 1 emissions (purchased goods and services), which account for over 80% of Umicore's Scope 3 footprint. The company is actively engaging with raw material suppliers to address at least 80% of its modelled Scope 3, Category 1 emissions by 2030.