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”

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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

materialsolutionsMetals

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

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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

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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.

bert.swennen@umicore.com