Umicore

Umicore's reported carbon emissions

Umicore, headquartered in BE and operating within the chemicals and mining sector, has reported its carbon emissions and outlined significant climate commitments. For the reporting year 2025, Umicore's total greenhouse gas (GHG) emissions were approximately 6.31 billion kg CO2e. This total is comprised of Scope 1 emissions of about 314.39 million kg CO2e, Scope 2 emissions (market-based) of approximately 228.99 million kg CO2e, and substantial Scope 3 emissions amounting to roughly 5.77 billion kg CO2e. Within Scope 3, purchased goods and services represent the largest category, at approximately 4.75 billion kg CO2e, followed by the end-of-life treatment of sold products at around 270.84 million kg CO2e, and upstream transportation and distribution at about 279.45 million kg CO2e. In 2024, the company's total GHG emissions were approximately 6.74 billion kg CO2e. Scope 1 emissions were around 2.83 billion kg CO2e, Scope 2 emissions (market-based) totalled approximately 2.86 billion kg CO2e, and Scope 3 emissions were about 6.17 billion kg CO2e. The primary contributor to Scope 3 emissions in this year was also purchased goods and services, totalling approximately 5.09 billion kg CO2e. Umicore has set ambitious climate targets. The company aims for Net Zero GHG emissions in Scopes 1 and 2 by 2035, based on a 2019 baseline. Intermediate milestones include a 20% reduction in Scope 1 and 2 emissions by 2025 and a 50% reduction by 2030. These targets have been validated by the Science-Based Targets initiative (SBTi) and are aligned with the 1.5°C scenario of the Paris Agreement. Furthermore, Umicore commits to reducing the carbon intensity of its purchased materials (Scope 3, category 1) by 42% by 2030, also from a 2019 baseline. This latter target covers over 80% of Umicore's Scope 3 footprint. The company is actively engaging with raw material suppliers to address these emissions.