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Annual report 2016

Supplements

Global trends

We want to make a difference. So our business model and Horizon 2020 strategy are focused on some of the world's most pressing issues.

Clean air

Regulation has gradually led to a reduction in air pollution in many countries and regions over the past 30 years. However, much more needs to be done and there are still major challenges to human health from poor air quality.

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Potential impact

Recent data analysis revealed that air pollution is the fourth deadliest health risk worldwide.

Evolution in 2016

Automotive emission legislation is becoming more stringent in all regions of the world

Umicore's contribution

We are one of the world's leading producers of catalysts and catalytic filters used in emission abatement systems for light-duty and heavy-duty vehicles as well as off-road equipment.

 

Related UN Sustainable Development Goals

Vehicle electrification

Worldwide, the transport sector causes 14% of all greenhouse gas emissions due to human activities and this is still growing. Electrified mobility will play a key role in reducing CO2 emissions, improving air quality and reducing dependence on fossil fuels.

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Potential impact

The transport sector is the fastest growing source of greenhouse gases, mainly via CO2 emissions from road vehicles.

 

The story in 2016

2016 has seen a surge in demand for materials used in hybrid and electric vehicles, supported by ambitious national and regional emission reduction targets for vehicles.

Umicore's contribution

Umicore is one of the world’s leading producers of cathode materials for lithium ion batteries. Cathode materials are key in determining the power and energy density of rechargeable batteries, and hence the driving range in the case of electrified vehicles.

Related UN Sustainable Development Goals

Resource scarcity

Trends such as continued population growth, urbanisation and more affluent lifestyles are driving ever-higher demand for resources. This poses the question – how will we meet future demand?

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Potential impact

Demand for most metals will increase as a result of population growth and urbanization and also because of their use in technologies that aim to reduce society’s environmental impacts.

The 2016 story

Interest in the concept of a ‘circular economy’ strengthened further while the United Nations Sustainable Development Goals gained traction.

Umicore's contribution

Our closed loop business model ensures that we extract the valuable metals from industrial residues and end-of-life materials enabling them to be reused.

Related UN Sustainable Development Goals