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Geïntegreerde Verslaggeving Umicore Dr Bert Swennen Director Environment, Health & Safety Maatschappelijk Verantwoord Ondernemen doenbaar en zichtbaar maken in Vlaanderen - 26-27 januari 2012
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Introductie Umicore “A materials technology company”
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MVO in Vlaanderen 26 – 27 Januari 2012 3 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 material solutions Metals Application know-how Recycling Material solutions Chemistry Material science Metallurgy
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MVO in Vlaanderen 26 – 27 Januari 2012 4 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
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MVO in Vlaanderen 26 – 27 Januari 2012 5 Key figures 2010 Turnover€ 9.7bn Revenues€ 2.0bn REBIT€ 342 m REBITDA€ 469 m ROCE17,5 % EPS€ 2,33 / share Dividend€ 0,80 / share Colleagues14.386 Sites78
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MVO in Vlaanderen 26 – 27 Januari 2012 6 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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MVO in Vlaanderen 26 – 27 Januari 2012 7 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
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MVO in Vlaanderen 26 – 27 Januari 2012 8 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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MVO in Vlaanderen 26 – 27 Januari 2012 9 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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MVO in Vlaanderen 26 – 27 Januari 2012 10 Recognized for leadership in sustainable development (SD) Persmededeling 25 januari 2012 Umicore opnieuw in top 10 van ’s werelds meest duurzame ondernemingen
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Sustainable Development Reporting
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MVO in Vlaanderen 26 – 27 Januari 2012 12 Our reporting journey aligns with different stages of the company Pre 1999 1999-2004 2006-2010 Financial report Separate Financial and Environmental Report Combined Report to Shareholders and Society business, social, environmental performance Industrial Plan Laying the foundations for financial survival Product focus Build the downstream product businesses Transformation Transforming divestments and acquisitions Building for the future Increasing focus on clean technologies
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MVO in Vlaanderen 26 – 27 Januari 2012 13 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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MVO in Vlaanderen 26 – 27 Januari 2012 14 Both successes and failures Umicar 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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MVO in Vlaanderen 26 – 27 Januari 2012 15 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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MVO in Vlaanderen 26 – 27 Januari 2012 16 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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MVO in Vlaanderen 26 – 27 Januari 2012 17 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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MVO in Vlaanderen 26 – 27 Januari 2012 18 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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MVO in Vlaanderen 26 – 27 Januari 2012 19 Integrated reporting: structure Print On Demand Legal doc
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MVO in Vlaanderen 26 – 27 Januari 2012 20 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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MVO in Vlaanderen 26 – 27 Januari 2012 21 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
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“Our materials are used on earth and beyond” Thank you. Umicore produced the germanium based substrates for the solar cells powering the Mars module. bert.swennen@umicore.com
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