Umicore

Umicore's reported carbon emissions

Umicore, headquartered in Belgium, has set ambitious climate targets, aiming for Net Zero Greenhouse Gas (GHG) emissions across Scopes 1 and 2 by 2035, using its 2019 emissions as a baseline. To achieve this, the company has established intermediate milestones, including a 20% reduction by 2025 and a 50% reduction by 2030. These targets have been validated by the Science-Based Targets initiative (SBTi) and align with the 1.5°C warming scenario outlined in the Paris Agreement. For Scope 3 emissions, Umicore aims to reduce the carbon intensity of purchased materials by 42% by 2030, relative to its 2019 baseline. This target specifically addresses Scope 3, category 1 emissions, which encompass a significant portion of its value chain. The company is also committed to engaging with raw material suppliers to cover at least 80% of the expected Scope 3, category 1 emissions by 2030. In terms of recent emissions, Umicore reported approximately 6.3 billion kg CO2e in 2025. This includes around 314 million kg CO2e for Scope 1 emissions and approximately 229 million kg CO2e for Scope 2 (market-based). Scope 3 emissions were reported at about 5.77 billion kg CO2e for the same year, with purchased goods and services being the largest contributor within Scope 3. In 2024, Umicore's total emissions were approximately 6.74 billion kg CO2e, comprising about 2.83 billion kg CO2e for Scope 1 and roughly 2.86 billion kg CO2e for Scope 2 (market-based). Scope 3 emissions for 2024 stood at approximately 6.17 billion kg CO2e. The previous year, 2023, saw total emissions of approximately 7.88 billion kg CO2e. Scope 1 emissions were around 318 million kg CO2e, and Scope 2 emissions were about 314 million kg CO2e (market-based). Scope 3 emissions for 2023 were approximately 7.25 billion kg CO2e. Umicore's commitment to decarbonisation is further demonstrated by its goal to source 60% of its global electricity needs from renewable sources by 2025, a key strategy for achieving its near-term Scope 1 and 2 reduction milestones.