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Umicore, a leading global materials technology and recycling company, is headquartered in Belgium (BE) and operates extensively across Europe, Asia, and the Americas. Founded in 1805, Umicore has evolved within the chemical and fertilizer minerals sector, focusing on mining and quarrying products not elsewhere classified (n.e.c.).
The company is renowned for its innovative solutions in the production of precious metals, battery materials, and recycling services, which set it apart in a competitive market. Umicore's commitment to sustainability and circular economy principles has positioned it as a frontrunner in the industry, achieving significant milestones in resource efficiency and environmental stewardship. With a strong market presence, Umicore continues to drive advancements in materials science, contributing to a more sustainable future.
74
DitchCarbon score
+56 vs industry average
Umicore’s score of 74 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
High
Salt and Mineral Mining has above-average carbon intensity
Industry performance
0.437
20182025
The Salt and Mineral Mining industry has reduced its overall emissions by 42% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Umicore's reported carbon emissions
Umicore, headquartered in Belgium and operating in the Chemical and fertilizer minerals sector, is committed to reducing its carbon emissions.
For 2025, Umicore's total reported emissions are approximately 6.31 billion kg CO2e. This includes Scope 1 emissions of 314.39 million kg CO2e, market-based Scope 2 emissions of 228.99 million kg CO2e, and Scope 3 emissions of 5.77 billion kg CO2e. Key contributors to Scope 3 emissions in 2025 were purchased goods and services (4.75 billion kg CO2e) and upstream transportation and distribution (279.45 million kg CO2e).
In 2024, the company reported total emissions of approximately 6.74 billion kg CO2e, comprising Scope 1 emissions of 283.02 million kg CO2e, market-based Scope 2 emissions of 286.29 million kg CO2e, and Scope 3 emissions of 6.17 billion kg CO2e.
Looking back to 2023, Umicore's total reported emissions were approximately 7.88 billion kg CO2e. This included Scope 1 emissions of 317.91 million kg CO2e, market-based Scope 2 emissions of 314.10 million kg CO2e, and Scope 3 emissions of 7.25 billion kg CO2e.
Umicore has set several ambitious climate commitments:
- Near-term Targets: Umicore commits to reducing absolute Scope 1 and Scope 2 GHG emissions by 50% by 2030, using a 2019 baseline. This target also includes an intermediate milestone of a 20% reduction by 2025. These targets have been validated by the Science Based Targets initiative (SBTi) and align with the Paris Agreement's 1.5°C objective.
- Scope 3 Target: The company aims to reduce the carbon intensity of purchased materials (Scope 3, Category 1 emissions) by 42% by 2030, from a 2019 base year. This SBTi-validated target covers over 80% of Umicore's Scope 3 footprint.
- Long-term Target: Umicore is committed to achieving net-zero Scope 1 and 2 emissions by 2035, compared to its 2019 baseline.
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Umicore’s Climate Goals (2030 & 2050)
3 goals2030
50% reduction in Scope 2
Umicore commits to reduce absolute scope 2 GHG emissions 50% by 2030 from a 2019 base year.
On track50%
2030
50% reduction in Scope 1
Umicore commits to reduce absolute scope 1 GHG emissions 50% by 2030 from a 2019 base year.
Behind target50%
2030
42% reduction in scope 3 upstream
Umicore also commits to reduce scope 3 GHG emissions from purchased goods and services 42% per ton of material procured by 2030 from a 2019…
Insufficient data42%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
12 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
2040 targetSee details
Active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Umicore4 months ago
74
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Frequently asked questions
Common questions about Umicore’s sustainability data and climate commitments
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