Umicore Sustainability Profile
Umicore, a global materials technology and recycling company headquartered in Belgium, has established itself as a leader in the fields of catalysis, energy materials, and recycling. Founded in 1805, Umicore has evolved significantly, achieving key milestones such as its commitment to sustainable development and innovation in battery materials for electric vehicles. With major operations across Europe, Asia, and the Americas, Umicore offers a diverse range of core products and services, including precious metal recycling and advanced materials for clean technologies. What sets Umicore apart is its focus on sustainability and circular economy principles, positioning the company as a pioneer in responsible resource management. Recognised for its market leadership, Umicore continues to drive advancements in materials science, contributing to a greener future.
DitchCarbon Score
How does Umicore's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Umicore's score of 80 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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Umicore's reported carbon emissions
In 2024, Umicore reported total greenhouse gas emissions of approximately 7.0 billion kg CO2e, comprising 277,717,000 kg CO2e from Scope 1, 286,349,000 kg CO2e from Scope 2, and 6,467,283,000 kg CO2e from Scope 3 emissions. This represents a decrease from 2023, where total emissions were about 7.9 billion kg CO2e, with Scope 1 emissions at 317,908,000 kg CO2e, Scope 2 at 314,097,000 kg CO2e, and Scope 3 at 7,252,813,000 kg CO2e. Umicore has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions in Scopes 1 and 2 by 2035. The company has established interim targets of a 20% reduction by 2025 and a 50% reduction by 2030, using 2019 emissions as a baseline. These targets are aligned with the Science Based Targets initiative (SBTi), which also includes a commitment to reduce Scope 3 emissions from purchased goods and services by 42% per ton of material procured by 2030. Overall, Umicore's proactive approach to reducing its carbon footprint reflects its commitment to sustainability and climate action, positioning the company as a leader in the chemicals sector in Belgium and globally.
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| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | 0,000,000,000 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Umicore's Industry?
How Carbon Intensive is Umicore's Location?
Umicore's Scope 3 Categories Breakdown
Umicore's Scope 3 emissions, which decreased by 11% last year and decreased by approximately 21% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 83% of Scope 3 emissions.
Top Scope 3 Categories
Umicore's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Umicore has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Umicore's sustainability data and climate commitments
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