About this report

An integrated approach

This Umicore 2022 annual integrated report is published in English and in Dutch on March 28, 2023 and is aligned with the corporate reporting requirements set out in article 3:32, §2 of the Belgian Companies’ and Associations’ Code. This report offers a comprehensive view of our new integrated 2030 RISE strategy, our progress through economic and sustainability/ESG performance reporting, our leadership and governance, and is followed by the full financial, environmental, social and governance statements and notes.

This report is structured using the “six capitals” approach to integrated reporting defined by the International <IR> Framework and prepared in accordance to Global Reporting Initiative (GRI) Standards.  The annual integrated report also serves as a progress report on the implementation of the United Nations Global Compact’s ten principles, provides information on how we contribute to the UN Sustainable Development Goals (SDGs). This report also discloses in line with the requirements of the EU Taxonomy and reflects how the recommendations of Task Force on Climate-Related Financial Disclosures (TCFD) are implemented.

All elements of the Annual Report can be consulted in English and in Dutch by browsing the dedicated website annualreport.umicore.com or downloading the report from that address. Definitions for the terms used throughout this report can be found in the Glossary for the report. Please see the back cover for contact information regarding this report and its contents.

Reporting scope & data

This report covers our operations for the 2022 calendar year, which is also the Umicore fiscal year. The scope of all objectives and a brief description of the methodology behind all performance indicators are included in in each of the financial, environmental, social and governance statements and notes.

The financial scope of this report covers all fully consolidated operations and the financial contributions of all associate and joint venture companies. The financial data are collected through our financial management and consolidation process. The environmental and social scope is limited to all fully consolidated operations – any divergence from this scope is explained in the relevant chapter or note in the report. The environmental and social data are collected through environmental and social data management systems and integrated into a central reporting tool, along with the financial data. Where data are available, the performance indicators in the document are reported with a comparison base referring back by 5 years.

Assurance

This report has been independently verified by Ernst & Young (EY). EY’s audit of financial information is based on the full set of IFRS consolidated financial statements on which it has expressed an unqualified opinion. This full set of IFRS consolidated financial statements and the auditor’s report thereon, can be found in the Financial Statements and in the Assurance Reports . The social and environmental information included in this report has been prepared on the basis of the same recognition and measurement principles that have been used to prepare the Environmental Statements and the Social Statements . EY’s report on the social and environmental statements can be found in the Assurance Reports .

Presentation & feedback

Umicore seeks to improve its reporting through a continuous process of stakeholder engagement and dialogue. The key social elements of the report are presented to the international trade unions, while the entire document is presented to shareholders at the Annual General Meeting in April.

Umicore also commits to consider all improvement points recommended by the independent auditor (EY) in its subsequent reporting cycles. General reader feedback is encouraged on both the online pdf and web versions of the report. Feedback received on our previous reports has been considered in the preparation of this report. To share your feedback on this report, visit: umicore.com/ar-feedback.