geïntegreerde verslaggeving umicore dr bert swennen director environment, health & safety...
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Geïntegreerde Verslaggeving Umicore
Dr Bert SwennenDirector Environment, Health & Safety
Maatschappelijk Verantwoord Ondernemen doenbaar en zichtbaar maken in Vlaanderen - 26-27 januari 2012
Introductie Umicore“A materials technology company”Introductie Umicore“A materials technology company”
MVO in Vlaanderen
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Umicore’s business model
We transform metals into hi-tech materials
We use application know-how to create tailor-made solutions in close collaboration with our customers
We close the loop and secure supply by recycling production scrap and end-of-life materials
We aim to minimize our environmental impact and be the best employer and neighbour
materialsolutions
Metals
Applicationknow-how
Recycling
Materialsolutions
ChemistryMaterial science
Metallurgy
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Umicore is a global leader in…
… automotive catalysts for passenger cars
… key materials for rechargeable batteries used in hybrid & electric cars and portable electronics
…germanium substrates and other materials which are used in new PV technologies
... recycling precious metals from old mobile phones, laptops, electronic scrap and spent catalyst material
MVO in Vlaanderen
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Key figures
2010Turnover € 9.7bnRevenues € 2.0bnREBIT € 342 mREBITDA € 469 mROCE 17,5 %
EPS € 2,33 / shareDividend € 0,80 / shareColleagues 14.386Sites 78
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Performance Materials
Catalysis
Recycling
Energy Materials
We develop materials which enable the clean production and storage of energy
We develop technologies to treat automotive emissions
We produce a range of essential materials and chemicals based on precious metals and zinc
We operate a unique recycling process to deal with complex industrial residues and end-of-life materials
Umicore’s businesses aligned with key societal trends to a more sustainable society
The business is driven by the demand for clean, low-carbon energy solutions
The business is driven by increasingly stringent emission norms to promote clean air
The business is driven by materials scarcity and recycling legislation
Diverse applications:e.g. high-purity glass, construction, pharma, electrics/electronics
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Operational Group SD objectives: “Great place to work”
ZERO lost time accidents
Occupational exposure reduction
People development
Preferred employer
We aim to have ZERO lost time accidents
We will reduce the body concentrations of specific metals to which our employees have an exposure:
Cd, Pb, Co, Ni, As, Pt
All employees will receive an annual appraisal to discuss individual development
We will target our actions based on the results of the 2010 People Survey. Subsequent surveys will be used
as the benchmark to measure future performance
MVO in Vlaanderen
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Operational Group SD objectives: “Eco-efficiency”
Reduce carbon footprint
Emission reduction
Product sustainability
We will reduce our CO2 emissions by 20% vs year 2006 levels
We will reduce by 20% the impact of metal emissions to water and air vs year 2009 levels
We will invest in tools to better understand and measure the life cycles and impacts of our many
products
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Operatinoal Group SD objectives: “Stakeholder engagement”
Sustainable procurement
Local community
We will implement the new Sustainable Procurement Charter in all BUs and Corporate P&T
All our sites will be expected to make further steps in identifying key stakeholders and engaging with the
local community
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Recognized for leadership in sustainable development (SD)
Persmededeling 25 januari 2012Umicore opnieuw in top 10 van ’s werelds meest
duurzame ondernemingen
Sustainable Development Reporting
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Our reporting journey aligns with different stages of the company
Pre 1999 1999-2004 2006-2010Financial report Separate Financial
and Environmental ReportCombined Report
to Shareholders and Society
business, social, environmental performance
Industrial PlanLaying the foundations for
financial survival
Product focusBuild the downstream product businesses
TransformationTransforming divestments
and acquisitions
Building for the future
Increasing focus on clean technologies
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Some characteristics of the report
Combined report: business, environmental, social
Report according to the GRI reporting guidelines 2006 “inspired by” 2007: C+ 2008-10: B+
Externally verified (ERM CVS)
Broad target audience – all things to all people
Is presented at : AGM external stakeholder meetings (2005 - 2008)
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Both successes and failuresUmicar 2007 runner up
of 3000 km race
Some characteristics of the report (cont’d)Balanced reporting
Sustainability section: Environmental and social (including Health &
Safety) policies and long term targets Performance Progress made on remediating the Umicore’s
historical legacy Progress towards the Group Objectives
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What’s next? From ‘combined’ report to ‘integrated’ report Since 2005 Umicore had produced a “combined” report that contains
economic, social and environmental elements in 1 document yet still in separate sections
Integration> 2011 Report
Guidance by KPMG (member of IIRC)
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Why integrated reporting?
Integrated approach reflects Vision 2015
Integrated objectives More ownership at business unit
level Reflects our drive for multi-
dimensional performance
One, integrated sustainable
development strategy….
=
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Why integrated reporting?
2009 external stakeholder dialogue identified the following areas for improvement:
Better integration of data incl. at segment level Better information on what Umicore is / does Better information on the sustainability contribution of Umicore Better access (“drillability”) to data
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Shorter strategic report (print) Explains the strategy, high level performance, what we do
Integrated data Progress against the Group objectives
Integrated statements Combines: financial statements / notes, social and environmental
performance data and narrative
Governance / risks / stakeholder section
Integrated reporting: concept
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Integrated reporting: structure
Print On Demand
Legal doc
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Some characteristics of the integrated report
Umicore is commited to external verification Addresses materiality and relevance Focuses on accuracy, completeness, reliability, consistency, clarity of data Ensures proper balance Important
External verification cannot replace internal quality control New verification cycle 2011+
PwC now auditing financial AND environmental / social elements
We will continue using GRI in new reporting concept (B+, >2012: A+?) We will monitor closely the evolution to G4
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Challenges: Integrated reporting is greater in its complexity than combined reporting
Greater need to integrate the work and priorities of many expertise areas: BUs, HR, EHS, P&T, Comms
Greater demands on business units’ internal reporting systems
Need to balancing reporting on Vision 2015 objectives vs other KPIs (many of which are very material for the business)
Opportunities Greater alignment with strategy
Offers better accessibility for stakeholders (readers)
Different layers of data
Promotes business ownership inside Umicore
Brings Umicore to life
Reporting challenges and opportunities
“Our materials are used on earth and beyond”
Thank you.
Umicore produced the germanium based substrates for the solar cells powering the Mars module.