Umicore is a leading global materials technology and recycling company headquartered in Brussels, Belgium. The company operates in the specialty chemicals sector and is committed to sustainable development and decarbonisation. Umicore's mission is to develop and produce materials that contribute to a better quality of life, while also reducing the environmental impact of its operations.
Umicore's focus on sustainability is reflected in its corporate energy strategy. The company has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy sources. As part of this strategy, Umicore has implemented a corporate power purchase agreement (PPA) to secure a long-term supply of renewable energy.
Corporate PPAs are agreements between corporations and renewable energy providers that allow companies to purchase electricity directly from renewable energy sources. By doing so, companies can reduce their carbon footprint and support the development of renewable energy infrastructure. Umicore's corporate PPA is a key component of its sustainability strategy, as it allows the company to reduce its reliance on fossil fuels and transition to a more sustainable energy mix.
In addition to its corporate PPA, Umicore has also invested in renewable energy projects. The company has installed solar panels at several of its facilities, including its headquarters in Brussels. These solar panels generate clean energy and reduce the company's reliance on grid electricity. Umicore has also invested in wind energy projects, including a wind farm in Germany that supplies renewable energy to the company's operations in that country.
Umicore's commitment to renewable energy is part of a broader effort to decarbonise its operations. The company has set a target to reduce its carbon footprint by 50% by 2035, compared to its 2015 baseline. To achieve this goal, Umicore is implementing a range of measures, including energy efficiency improvements, the use of renewable energy, and the adoption of low-carbon technologies.
In addition to its focus on sustainability, Umicore is also a leader in the specialty chemicals sector. The company produces a range of materials, including catalysts, rechargeable batteries, and recycling solutions. Umicore's materials are used in a variety of industries, including automotive, electronics, and energy storage.
One of Umicore's key strengths is its expertise in recycling. The company has developed advanced recycling technologies that allow it to recover valuable materials from end-of-life products. This not only reduces waste and conserves natural resources but also creates a sustainable source of raw materials for Umicore's production processes.
Umicore's recycling expertise is particularly important in the context of the transition to a circular economy. A circular economy is an economic model that aims to keep materials in use for as long as possible, through recycling, reuse, and remanufacturing. Umicore's recycling technologies are a key enabler of the circular economy, as they allow materials to be reused and recycled rather than discarded.
Umicore's commitment to sustainability and its expertise in the specialty chemicals sector have earned the company a reputation as a leader in its field. The company has received numerous awards and recognitions for its sustainability efforts, including being named to the Dow Jones Sustainability Index for the eighth consecutive year in 2020.
In conclusion, Umicore is a leading global materials technology and recycling company that operates in the specialty chemicals sector. The company is committed to sustainable development and decarbonisation, and has implemented a range of measures to reduce its carbon footprint and increase its use of renewable energy sources. Umicore's expertise in recycling is a key enabler of the circular economy, and the company's materials are used in a variety of industries, including automotive, electronics, and energy storage. Umicore's commitment to sustainability and its leadership in the specialty chemicals sector make it a key player in the transition to a more sustainable future.