Umicore

Umicore, headquartered in Belgium and operating in secondary smelting, refining, and alloying of nonferrous metals, is actively addressing its carbon emissions and climate commitments.

For the latest reporting period, 2025, Umicore's total carbon emissions are projected to be approximately 6.31 billion kg CO2e. This includes Scope 1 emissions of approximately 314.39 million kg CO2e, Scope 2 market-based emissions of about 228.99 million kg CO2e, and Scope 3 emissions of approximately 5.77 billion kg CO2e. The largest contributor to Scope 3 emissions is purchased goods and services, estimated at about 4.75 billion kg CO2e.

Looking at previous years:

• In 2024, total emissions were about 6.74 billion kg CO2e, with Scope 1 at approximately 283.02 million kg CO2e, Scope 2 market-based at around 286.29 million kg CO2e, and Scope 3 at about 6.17 billion kg CO2e.
• In 2023, Scope 1 emissions were approximately 317.91 million kg CO2e, Scope 2 market-based emissions were about 314.10 million kg CO2e, and Scope 3 emissions were around 7.25 billion kg CO2e.
• In 2019, which serves as a baseline year for reduction targets, Umicore's total emissions were about 9.02 billion kg CO2e. This comprised Scope 1 emissions of approximately 389.10 million kg CO2e, Scope 2 market-based emissions of about 402.72 million kg CO2e, and Scope 3 emissions of around 8.22 billion kg CO2e.

Umicore has set ambitious climate commitments, with several targets validated by the Science Based Targets initiative (SBTi) and aligning with the Paris Agreement's 1.5°C objective. These include:

• Near-term targets (from a 2019 baseline):
  • A 50% absolute reduction in Scope 1 and Scope 2 GHG emissions by 2030. Intermediate milestones include a 20% reduction by 2025.
  • A 42% reduction in the carbon intensity of purchased materials (Scope 3, Category 1) by 2030. This target covers over 80% of Umicore's Scope 3 footprint.
• Long-term target:
  • Achieve Net Zero Scope 1 and 2 emissions by 2035.

Umicore aims to source 60% of its global electricity needs from renewable sources by 2025 to support its decarbonisation efforts.